Foreign Minister pledges support for Vietnam-EU trade, investment ties

Minister of Foreign Affairs Bui Thanh Son received a delegation of the EU-ASEAN Business Council (EU-ABC) and the European Chamber of Commerce in Vietnam (EuroCham) in Hanoi on February 15, affirming that his ministry will actively work with other ministries and sectors to promote bilateral trade and investment links.
Foreign Minister pledges support for Vietnam-EU trade, investment ties ảnh 1The meeting between Foreign Minister Bui Thanh Son (R) and the EU-ABC and EuroCham delegation in Hanoi on February 15 (Photo: VNA)
Hanoi (VNA) – Minister ofForeign Affairs Bui Thanh Son received a delegation of the EU-ASEAN BusinessCouncil (EU-ABC) and the European Chamber of Commerce in Vietnam (EuroCham) inHanoi on February 15, affirming that his ministry will actively work with otherministries and sectors to promote bilateral trade and investment links.

Stressing the importance Vietnam attachesto relations with the EU, the host official expressed his delight that the twosides’ comprehensive partnership and cooperation have been flourishing.

He appreciated the assistance the EU and its memberstate had given to Vietnam’s socio-economic development.

The EU-Vietnam Free Trade Agreement (EVFTA)has been implemented for more than two years, creating an impulse for bilateraltrade and encouraging EU businesses to expand investment in Vietnam, he wenton, adding that the EU is currently the fifth largest trading and investmentpartner of the Southeast Asian country.
With regard to the cooperationbetween the Association of Southeast Asian Nations (ASEAN) and the EU, Son saidVietnam always supports their strategic partnership, suggesting the two regionsmaximise the cooperation potential in trade, investment, digitaltransformation, green industry, energy transition, and climate change response.

The minister highly valuedthe role of the EU-ABC and EuroCham as bridges for European businesses’ cooperationwith ASEAN and Vietnam.

He asked the EU-ABC and EuroCham tocontinue supporting Vietnam and the EU to effectively carry out the EVFTA tocapitalise on advantages created by the deal; promote EU members’ ratificationof the EU-Vietnam Investment Protection Agreement (EVIPA); identify cooperationpriorities in the fields matching the EU’s strength and Vietnam’s demand like climatechange response, energy transition, circular economy, transport, and aviation;and encourage European firms to make green growth investments in Vietnam.

On behalf of the EU-ABC and EuroCham,EU-ABC Vice Chairman Jens Ruebbert, who is also ManagingDirector & Regional Head Asia/Pacific at Landesbank Baden-Wuerttemberg, applauded the progress in the ASEAN-EU and Vietnam-EU relations, noting thatthe EU-ABC and EuroChamhave been making unceasing efforts to connect European companies with ASEANcountries, including Vietnam.
He shared the view that the EVFTA andEVIPA are important driving forces for bilateral economic, trade, andinvestment ties in the coming time.

The EU-ABC and EuroCham will standside by side with the Vietnamese Government in promoting ASEAN-EU andVietnam-EU economic cooperation priorities, and encourage European firms toincrease investment and business in the country, Ruebbert added.

At the meeting, Minister Son statedthe Vietnamese Government will create the best possible conditions for foreigninvestors, including those from Europe./.
VNA

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