Vietnam and Luxembourg boast high potential to collaborate in many areas, especially finance, logistics, and sustainable development in adaptation to climate change, heard the Vietnam-Luxembourg Business Forum held in Ho Chi Minh City on May 5.
Prime Minister Pham Minh Chinh and his Luxembourg counterpart Xavier Bettel held talks in Hanoi on May 4, affirming both sides’ wish and determination to lift bilateral relations to a new development stage that is more substantive and effective.
Vietnamese Prime Minister Pham Minh Chinh held talks with his Dutch counterpart Mark Rutte in The Hague on December 12, affirming his determination to join hands with the Netherlands in promoting the two countries’ comprehensive partnership.
Foreign investors have poured nearly US$5 billion in Vietnam so far this year, equivalent to 91.5 percent of that in the same time last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
The capital flows from Europe are expected to move into Vietnam more when the EU-Vietnam Free Trade Agreement (EVFTA) takes effect from August 1. However, to attract capital from this area, it requires the Government to improve the investment environment further.
The market of countries in the ASEAN currently is the fourth largest industrial trade partner of Vietnam after China, the US, and South Korea. Despite many incentives, enterprises have not focused on exploiting this market to promote exports.
The European Parliament has ratified the Vietnam - EU Free Trade Agreement (EVFTA) and the Vietnam - EU Investment Protection Agreement (EVIPA). How will Vietnam’s import-export industry move, and what do enterprises need to do to get good results?