European investors expressed their interest in a US$1 billion seaport logistics project in the southern province of Ba Ria-Vung Tau during their meeting with Vietnamese Prime Minister Nguyen Xuan Phuc in Hanoi on Wednesday.
The export of the first batch of frozen shrimp to several European countries under the EU-Vietnam Free Trade Agreement (EVFTA) was marked with a ceremony in the south central province of Ninh Thuan on September 11.
Vietnam’s integration into global value chains will remain just a dream without foreign investment, says Giorgio Aliberti, Ambassador of the Delegation of the European Union to Vietnam, who discussed with VIR’s Hai Van what can be expected in the coming years.
The confidence of European business leaders in Vietnam is returning despite the uncertain times, according to the latest Business Climate Index (BCI) from the European Chamber of Commerce (EuroCham) and Decision Lab.
As 65 per cent of export duties from the European Union to Vietnam will be eliminated, while the remaining will be gradually phased out during the next 10 years, the removal timeline of EU good tariffs will provide some advantage for the modern trade and e-commerce channel in Vietnam.