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ECONOMY

Eurocham puts forward suggestions for Vietnam to improve investment environment in 11th Whitebook

Updated at Thursday, 14 Mar 2019, 09:35
The Hanoitimes - EuroCham members believe that the detailed recommendations outlined in the Whitebook will help to make Vietnam a more competitive, attractive and business-friendly trade and investment environment.
The European Chamber of Commerce in Vietnam (EuroCham) has today [March 14] launched the 11th edition of its annual Whitebook, putting forward recommendations to improve the business environment in Vietnam.
 
Co-Chairman of EuroCham Nicolas Audier speaks at the launching of the Whitebook. Photo: Minh Tuan
Co-Chairman of EuroCham Nicolas Audier speaks at the launching of the Whitebook. Photo: Minh Tuan
In this 11th edition of the Whitebook, EuroCham focused on the future of economic development in Vietnam. The conference highlights two issues most critical to ensuring the success of the next phase of Vietnam’s development: the EU-Vietnam Free Trade Agreement (EVFTA) and the Fourth Industrial Revolution. Taken together, these two issues will help Vietnam further integrate into the global economy and the international community.

The Fourth Industrial Revolution – through the digitalization of all sectors and industries – will make Vietnam more competitive, innovative and better prepared to embrace the jobs and opportunities of the future. Meanwhile, the EVFTA – once ratified and implemented – will grow trade and investment between the EU and Vietnam still further, and give consumers better access to high-quality European goods and services.

The Whitebook brings the issues and recommendations of EuroCham members together under three themes: Healthcare, Tax and Customs, and Sustainability. European business leaders will discuss with the government issues including logistics and infrastructure, green growth, tax and transfer pricing, human resources, health, and legal issues.

EuroCham members believe that the detailed recommendations outlined in the Whitebook will help to make Vietnam a more competitive, attractive and business-friendly trade and investment environment.

“Over the last three decades, the Vietnamese government has successfully transformed Vietnam from one of the poorest countries in the world to a fast-growing, modern, middle-income nation. Today, Vietnam has the opportunity – through new-generation free trade agreements like the EVFTA – to take the next step up the value chain and become an even more open and successful leader in the region and on the world stage.

“If taken on board, the insights and recommendations of our members will help the government to unlock the full benefits of the EVFTA and go further and faster on its path of growth and development; reforming Vietnam’s legal framework and business environment and, in the process, improving the life chances and living standards of millions of Vietnamese citizens,” said Co-Chairman of EuroCham Nicolas Audier at the event.
 
Denis Brunetti, co-chairman of EuroCham. Photo: Minh Tuan
Denis Brunetti, co-chairman of EuroCham. Photo: Minh Tuan
“Europe contains some of the world’s most innovative, market-leading, and sustainable future-focused companies, and EuroCham’s 11th Whitebook contains the insights and recommendations of business leaders from these enterprises. Our publication is designed to help Vietnam adapt to the new opportunities that the Fourth Industrial Revolution will bring, and in so doing, make the country increasingly more competitive in the global economy and more attractive to international trade and investment,” Denis Brunetti, co-chairman of EuroCham, noted.

The Whitebook is EuroCham’s flagship annual publication, compiling the insights and recommendations of the Chamber’s over one thousand members. The publication includes 20 chapters, covering sectors and industries from Healthcare to Wines & Spirits, and ICT to Human Resources & Training.
Anh Minh
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