Co-Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Nicolas Audier said European firms will expand business in Vietnam this year with HCM City as the most favourable destination.

The National Assembly also passed a resolution on piloting special mechanisms and policies for the city’s development, he added.

EuroCham will create opportunities for the two sides’ enterprises to develop sustainable cooperative relations in multiple arenas such as technology transfer and business skills.

The chamber will continue working with the local departments and sectors like customs and taxation to expand operations and better support businesses in the coming time.

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At the event

Additionally, EuroCham will promote its role of connecting European firms to join the city’s development programmes such as smart city and transport.

Andreas Abbing, Vice President and Commercial Plant Manager of HCMC Plant of Bosch Vietnam, hailed the support of Vietnam and particularly HCM City in activities to reform policies, especially in promoting the training of human resources.

The signing of the EU-Vietnam Free Trade Agreement (EVFTA) will create favourable conditions for the two sides’ businesses, he said.

Bosch is a long-standing investor in Vietnam and will continue expanding investment in the Southeast Asian country in the time ahead, he added.

Vice Chairman of the municipal People’s Committee Le Thanh Liem said the EVFTA has opened up both opportunities and challenges for the two sides.

HCM City highly appreciated the investment and trade activities of foreign businesses, including those from the EU, he said.

The Whitebook Briefing 2019 is an important document for businesses to update information and seize opportunities to enhance cooperation, thus promoting the city’s growth in potential fields, he added.

Source: VNA