CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Over 70% of European firms optimistic about Vietnam's business prospects
Translated by Thu Minh 10:33, 2017/02/22
About 76% of European companies operating in Vietnam said they are optimistic about business prospects in 2017, Mr. Joaquim Torrinha, Communications and Marketing Manager of the European Chamber of Commerce in Vietnam said at a press conference in Hanoi on February 21.
According to a Business Climate Index (BCI) survey for the fourth quarter of 2016 implemented by the European Chamber of Commerce in Vietnam (EuroCham), about 76% of European firms operating in Vietnam said they are optimistic about business prospects in 2017.
 
EuroCham Communications and Marketing Manager Joaquim Torrinha speaks at the meeting.
EuroCham Communications and Marketing Manager Joaquim Torrinha speaks at the meeting.
Speaking at the press conference in Hanoi on February 21, EuroCham Communications and Marketing Manager Joaquim Torrinha said that almost all European enterprises answering in the EuroCham survey were satisfied with improvements to the investment environment in Vietnam.
The EuroCham official added that the prospect of the implementation of the European Union–Vietnam Free Trade Agreement (EVFTA) will promote the business and investment activities of EU enterprises in Vietnam.
Torrinha also talked about the key activities of EuroCham in 2017, including the implementation of the EVFTA, the promotion of Vietnam to EU enterprises, issues related to administrative procedures and intellectual property rights, etc.
According to the survey, nearly 56% of respondents said that they will continue to employ Vietnamese labourers in 2017 and expand their operations and recruit more workers.
Besides, EU enterprises consider Vietnam the gateway through which to approach the larger market, namely ASEAN, through the establishment of the ASEAN Economic Community (AEC).
The survey also pointed out that 73% of respondents have good business result in Vietnam and only 5.5% have worse results than expected.
Currently, EuroCham is implementing two projects in support of small and medium-sized EU enterprises investing in Vietnam, according to Joaquim Torrinha.
Comments
Other news
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.