At the event. (Photo: VNA)Hanoi (VNA) – Theforeign-invested economic sector is an important component of Vietnam's economyand the Vietnamese Government alwaysprotects the legitimate and legitimate rights and interests of investors, PrimeMinister Pham Minh Chinh said on February 14.
He made the remarks at a receptionfor a delegation of the EU-ASEAN Business Council and the European Chamber ofCommerce in Vietnam (EuroCham) to discuss measures to promote economic, tradeand investment relations between Vietnam and the EU.
The PM affirmed Vietnam always advocates further deepening the comprehensive partnership and cooperation with EU and the strategic partnership between ASEAN and the EU.
He suggested that EU investors andbusinesses continue to accompany Vietnam in implementing three strategicbreakthroughs, promoting three main drivers of the country’s economic development, namely investment, export andconsumption; helping Vietnam access green and high-tech financialinvestment sources, serving the needs of sustainable development in areas suchas digital transformation, green transformation, circular economy,infrastructure development, high-quality human resources training and diversification of markets, products and supply chains.
In order to effectively implement the cooperative relations betweenVietnam and the EU as well as between the ASEAN and the EU in the coming time, the PM called on Vietnamese and EU businesses to jointly make efforts to effectively implement the EU-Vietnam Free Trade Agreement (EVFTA) and push the remaining EU memberstates to soon ratify the EU-VietnamInvestment Protection Agreement (EVIPA) and the EU to remove the yellowcard relating to illegal, unreported and unregulated fishing imposed on seafoodproducts from Vietnam. At present, 12 out of 27 EU members have ratified the EVIPA.
The delegates expressed their pleasure that the EU hasbecome the fifth largest trading partner and the third largest export market ofVietnam while the Southeast Asian nation is the EU's largest trading partner inASEAN. In particular, the EVFTA is an important driving force for two-way tradebetween Vietnam and the EU to continuously increase. Trade turnover betweenVietnam and the EU reached 62.4 billion USD in 2022, an increase of 9.8% compared to 2021.
Jens Ruebbert, ViceChairman of the EU - ASEAN Business Council said that the participation of morethan 50 leaders of large enterprises in the delegation reflects the importanceof Vietnam.
EuroCham Chairman Alain Cany expressed his belief in the outcomeof the implementation of the EVFTA inthe coming time and affirmed that EU businesses will actively promote the ratification of the EVIPA./.
