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Vietnam Today

Meet Europe 2018 conference held

Released at: 14:03, 26/05/2018

Meet Europe 2018 conference held

Photo: Ngoc Lan

Hanoi conference aimed at launching broad discussion on state of Europe - Vietnam relations ahead of EVFTA coming into force.

by Ngoc Lan

A good example of regular dialogue between the Vietnamese Government and the European business community, the Meet Europe 2018 conference held in Hanoi on May 25 with the attendance of Prime Minister Nguyen Xuan Phuc heard that the European business community is strongly invested in Vietnam’s development and wishes to be a key partner in its continued advancement.

The message comes at a momentous time, as Europe and Vietnam are set to embark on an historic trade and investment connection under the EU-Vietnam Free Trade Agreement (EVFTA), a deal that has the potential to open a unique trade corridor that can produce historic benefits for citizens on both continents.

The conference was organized by the Ministry of Foreign Affairs (MoFA) with support from the European Chamber of Commerce in Vietnam (EuroCham) and saw the attendance of more than 200 government officials, including more than 30 provincial government leaders. It also attracted more than 200 company representatives, mostly European - Vietnamese businesses, some of which were invited on stage to share their success stories and projects as well as their development plans in Vietnam. They were also heard by most of the European ambassadors to Vietnam as well as a large number of international organizations.

Alongside Prime Minister Phuc, Deputy Minister of Foreign Affairs Bui Thanh Son also spoke at the conference, as did the Secretary of the Hanoi Party Committee Hoang Trung Hai and Chairman of the Hanoi People’s Committee Nguyen Duc Chung.

The purpose of the conference was to launch a broad discussion on the state of Europe - Vietnam relations, particularly regarding trade and investment, ahead of the EVFTA coming into force.

Prime Minister Phuc told the conference that European partners have been close friends with Vietnam during 30 years of innovation, development, and integration. “The economics of Vietnam and Europe are more complementary than competing,” he said. “Vietnam is trying to build a government of development, action, and integrity and serve its people and businesses, focusing on improving institutions and governance and bringing opportunities to all businesses, including European investors and businesses.”

He also witnessed a signing ceremony for a memorandum of understanding (MoU) between MoFA and EuroCham.

MoU signing ceremony between the Ministry of Foreign Affairs and EuroCham (Photo: Ngoc Lan)                                           

EuroCham Co-Chairman Mr. Denis Brunetti noted that Vietnam has decided that it wants to take the path of quality, efficiency, sustainability and innovation. “This conference showed that not only are enterprises - those already here and prospective investors - enthusiastic about Vietnam, they want to go further and work with provinces to seize new opportunities that will benefit their business and the local economics,” he added. “EuroCham is firmly convinced that European businesses are those partners because of the knowledge, skills and investment they bring.”

Dr. Thai-Lai Pham, President and CEO of Siemens Vietnam, said that Vietnam must reform its energy production and consumption and renewables are an inevitable piece of the puzzle, but the country cannot yet make such a shift alone, it needs partners. “Vietnam would benefit from opening up the renewable energy market further and implementing the highest standards of technology services and products,” he added. “We are pleased to be able to show what Siemens Vietnam has been producing in this field and how it can keep contributing to this change moving forward.”

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