EU-Vietnam Business Council debuts

The EU-Vietnam Business Council (EVBC) was jointly launched on October 22 by the Vietnam Chamber of Commerce and Industry (VCCI) and the EU Chamber of Commerce in Vietnam in Hanoi, in light of the EU-Vietnam Free Trade Agreement (EVFTA) taking effect in August.

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In his remarks to the gathering, VCCI Vice Chairman Hoang Quang Phong said the EVBC was founded to help enterprises from both sides make the most of the opportunities the EVFTA will bring.

EuroCham Chairman Nicolas Audier speaking at the event

Enterprises will be provided with information, consultation, technical support, and other assistance to overcome barriers standing in the way of business partnerships, he said, adding that the effort is expected to facilitate the expansion of bilateral trade and boost investment, cooperation, and technology transfer between Vietnam and the EU.

EuroCham Chairman Nicolas Audier said the founding of the council demonstrates the desire of both sides to beef up cooperation, trade, and investment, and help enterprises seek new business opportunities.

Two-way trade and investment are expected to increase strongly and consistently in the time to come, if companies can bring into full play the potential and opportunities in export and import activities presented by the trade deal, he said.

Source: VNA