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EU investors confident in Vietnam’s business climate: Vietnam Briefing
Friday, 2021-05-14 21:17:09
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Vietnam has become a formidable competitor in attracting foreign investment in Southeast Asia, according to Dezan Shira & Associates’ Vietnam Briefing website. (Photo: VNA)
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NDO/VNA – The foreign investment consulting firm Dezan Shira & Associates’ Vietnam Briefing website has published an analysis on a trend of increasing EU investment in Vietnam and the reasons why the nation has become a formidable competitor in attracting foreign investment in Southeast Asia.
According to the article, with a foreign trade volume of about US$41.3 billion, the EU is currently among Vietnam’s largest trading partners. Meanwhile, Vietnam is the EU’s 16th and 2nd world largest trade partner in ASEAN, respectively, according to the European Commission.
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Sunny FDI outlook amid supply strains 09:00 | 12/05/2021
Sunny FDI outlook amid supply strains, illustration photo
In late April, Nguyen Thanh Truc, Deputy Chairman of Binh Duong Peopleâs Committee, met with Finnish Ambassador to Vietnam Kari Kahiluoto and a delegation of enterprises from Finland seeking business and investment opportunities in environmental hygiene, water, waste treatment, education, technology, construction, and architecture.
Kahiluoto said he and the embassy will strengthen ties between Finnish businesses and Binh Duong, while organising seminars on sharing experience in smart city creation.
Finnish businessesâ move is in line with the countryâs acceleration in sustainable development and digital transformation. And also importantly, they are gearing to benefit from the EU-Vietnam Free Trade Agreement.