Indonesia's Ministry of Investment and Downstreaming plans to establish an European Union (EU) desk to enhance trade cooperation with the bloc, said Minister Rosan Roeslani, who is also head of the Investment Coordinating Board (BKPM).
The EU - Vietnam Free Trade Agreement (EVFTA) has strengthened Vietnam's attractiveness for European investors, stated a survey by the European Chamber of Commerce in Vietnam (EuroCham) on July 31.
European businesses are currently the sixth largest investor in Vietnam, and they wish to further develop partnerships to move closer to the No. 1 position in the coming years.
The southern province of Binh Phuoc introduced its potential and incentives to invite European investors to invest in industry, trade, and high-tech agriculture in the province at a business forum held in Dong Xoai city on March 12.
European firms' confidence in Vietnam has reached the highest level since the fourth COVID-19 outbreak in April last year, according to EuroCham's latest Business Climate Index (BCI) report.
The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from their European partners after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to insiders.
Hanoi stands ready to aid European investors and will offer them more preferential policies, said Chairman of the municipal People’s Committee Nguyen Duc Chung.
European investors are eyeing further investments in Vietnam, the Ambassador and Head of the European Union (EU) Delegation to the country, Bruno Angelet said.
