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Vietnam Today

European enterprises look favorably upon business environment

Released at: 21:00, 21/02/2017

European enterprises look favorably upon business environment

Photo: Hai Van

Latest EuroCham survey reveals positive attitude held by European enterprises towards Vietnam's business environment.

by Hai Van

Vietnam’s business environment is held in good regard by existing European investors, according to Mr. Joaquim Torrinha, Head of Communications at European Chamber of Commerce in Vietnam (EuroCham), based on a survey and evaluation of European businesses operating in Vietnam.

“The implementation of the EU-Vietnam Free Trade Agreement (EVFTA) will reinforce the business activities and investment by European enterprises in Vietnam,” he said, “The agreement is a useful platform for policy advocacy by EuroCham in Vietnam.”

Seventy-six per cent of European businesses in Vietnam expressed optimism about the country’s business prospects this year, according to a recent survey by EuroCham, compared to 73 per cent in the fourth quarter of last year.

Most European enterprises taking part in the survey were pleased with their Vietnamese investments. Some 56.6 per cent will continue using Vietnamese human resources and increase staff numbers in the time to come. Mr. Torrinha said that EuroCham is also implementing two projects to support European small and medium-sized enterprises to invest in Vietnam.

The research also touched on green growth, which is a topic followed carefully by EuroCham. European businesses said that clean energy sources and renewables are important factors in their business operations in Vietnam.

The accompanying White Book is expected to be released on March 2.

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