On behalf of EuroCham, we are proud to present the 11th edition of our Whitebook. This report is the culmination of the insights and expertise of our members, through their work in 16 dedicated Sector Committees.

Over the last 12 months since our last Whitebook, we have celebrated some historic milestones for our Chamber and for EU-Vietnam relations. In 2018, for the first time, EuroCham reached over 1,000 members. Since EuroCham was first formed in 1998, we have grown from representing just 60 companies to now counting over 1,000 European companies, investors and business leaders as EuroCham members, including some of the world’s leading enterprises in all sectors and industries.

But if 2018 was about celebrating past success, 2019 is about looking to the future of EU-Vietnam relations. The EVFTA, which should be ratified soon, will open up new opportunities for companies and consumers in both Europe and Vietnam. Through a gradual tapering off of trade tariffs, enterprises in Vietnam will get greater access to Europe’s high-spending consumer market of over 500 million people. Meanwhile, imports will increase, giving consumers in Vietnam greater access to high-quality European goods like pharmaceutical and medical products, automobiles and wines & spirits at more affordable prices.

Just as European investment and know-how supported Vietnam through its modernization over the last three decades, so the knowledge and expertise of our market-leading enterprises will support Vietnam during its continued growth and reform in the future. The Government is embracing the Fourth Industrial Revolution, and our members are dedicated to helping Vietnam unlock the advantages and accelerate the advancement of industry digitalization and transformation through ICT start-up innovation and investment, helping Vietnam become even more competitive as it continues to leapfrog stages of socio-economic development.

Indeed, this is the goal of our Whitebook, now in its 11th edition. In it, we gather the insights and concerns of European business, and share their recommendations to help improve the trade and investment environment. This report is a snapshot of the continuous work we engage with through our Sector Committees and in dialogue with the national and provincial leadership of Vietnam. If taken on board and addressed, we believe that these recommendations will help to improve the business environment in Vietnam and ensure that the country can fulfill its potential as a top global business, trade and investment destination.

EuroCham Vietnam 2019 Whitebook

On behalf of EuroCham, we are proud to present the 11th edition of our Whitebook. This report is the culmination of the insights and expertise of our members, through their work in 16 dedicated Sector Committees.

Over the last 12 months since our last Whitebook, we have celebrated some historic milestones for our Chamber and for EU-Vietnam relations. In 2018, for the first time, EuroCham reached over 1,000 members. Since EuroCham was first formed in 1998, we have grown from representing just 60 companies to now counting over 1,000 European companies, investors and business leaders as EuroCham members, including some of the world’s leading enterprises in all sectors and industries.

But if 2018 was about celebrating past success, 2019 is about looking to the future of EU-Vietnam relations. The EVFTA, which should be ratified soon, will open up new opportunities for companies and consumers in both Europe and Vietnam. Through a gradual tapering off of trade tariffs, enterprises in Vietnam will get greater access to Europe’s high-spending consumer market of over 500 million people. Meanwhile, imports will increase, giving consumers in Vietnam greater access to high-quality European goods like pharmaceutical and medical products, automobiles and wines & spirits at more affordable prices.

Just as European investment and know-how supported Vietnam through its modernization over the last three decades, so the knowledge and expertise of our market-leading enterprises will support Vietnam during its continued growth and reform in the future. The Government is embracing the Fourth Industrial Revolution, and our members are dedicated to helping Vietnam unlock the advantages and accelerate the advancement of industry digitalization and transformation through ICT start-up innovation and investment, helping Vietnam become even more competitive as it continues to leapfrog stages of socio-economic development.

Indeed, this is the goal of our Whitebook, now in its 11th edition. In it, we gather the insights and concerns of European business, and share their recommendations to help improve the trade and investment environment. This report is a snapshot of the continuous work we engage with through our Sector Committees and in dialogue with the national and provincial leadership of Vietnam. If taken on board and addressed, we believe that these recommendations will help to improve the business environment in Vietnam and ensure that the country can fulfill its potential as a top global business, trade and investment destination.

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This report was provided by EuroCham Vietnam. For more information on EuroCham Vietnam, visit their website at: http://www.eurochamvn.org/