Prime Minister Pham Minh Chinh presided over a meeting with European companies to encourage economic cooperation and investments, which was attended by the head of the European delegation in Vietnam, Julien Guerrier, the representatives of the ambassadors of the EU countries, and about 30 companies between European and Vietnames, as Vietnam News reports.
The EU is among the main economic partners of Vietnam, with direct investments for over 30.4 billion dollars and a bilateral trade of 68.5 billion in 2023.
The EU-Vietnam free trade agreement encouraged investments, contributing to the growth of the Asian country, which aims to 8% for 2025, aiming at two-digit rates in the coming years.
The EU also supports Vietnam through the Just Energy Transition Partnership to reach Zero net emissions by 2050.
A recent survey showed that 75% of European companies consider Vietnam a strategic hub for investments, thanks also to the implemented reforms that highlight greater transparency and regulatory stability.
Emerging sectors such as semiconductors, digital, high technology, logistics and clean energy are at the center of growth opportunities that will pass through innovation, the development of infrastructure and training.
Chinh has also announced measures to reduce bureaucracy and administrative costs, improving the entrepreneurial climate, and urged Europe to support the ratification of the investment protection agreement.
