VNA reported that on the afternoon of March 2, at the Government Headquarters, Politburo member and Prime Minister Pham Minh Chinh chaired a seminar with European businesses to promote cooperation and investment, together with Vietnam to grow by 8% or more in 2025, creating momentum, creating momentum, creating momentum for double-digit growth in the following years, achieving 2 100-year goals, by 2045 being a developed country with high income.
Currently, EU investment in Vietnam is over 30.4 billion USD; ranking 6th among the largest FDI investors in Vietnam. Two-way trade turnover in 2024, reaching 68.5 billion USD.
At the seminar, European delegates highly appreciated the investment and business environment in Vietnam. In particular, delegates expressed their impression of Vietnam's recent reforms, especially decisiveness, as well as the completion of the legal framework in a clearer, more transparent and open direction.
With 75% of surveyed European businesses advising Vietnam as an investment destination; believing in the investment potential in Vietnam, European businesses said they are ready to cooperate closely with the Government, ministries and branches of Vietnam, not only continuing to do business long-term in Vietnam but also ready to attract more investors to Vietnam.
European businesses hope to expand investment in Vietnam, focusing on areas of strategic infrastructure development, new growth drivers, emerging industries such as semiconductor industry, digital transformation; high technology, aviation, electronics, logistics, clean energy, electronics, etc.
The Prime Minister assessed that after 35 years of establishment, the diplomatic relationship between Vietnam and the EU has continuously developed; highly appreciated the EU's assistance throughout the development process, especially in Vietnam's economy, investment, and trade, especially Europe's sharing for the free life and the happiness of the Vietnamese people.
The Prime Minister said that Vietnam sets a growth target of 8% or more this year, and hopes that Europe will support and assist Vietnam in achieving this goal, to create momentum, create momentum, and create momentum for the coming years to achieve double-digit growth.
The Prime Minister affirmed that Vietnam is ready to welcome senior EU leaders to a more substantial and effective working visit, thereby bringing a more favorable environment to European businesses, improving the investment and business environment in Vietnam.
frankly acknowledging that the two sides still have many factors that need to be overcome and resolved, such as administrative procedures, compliance costs, decisions made slowly, issues related to certain taxes and customs, etc., Prime Minister Pham Minh Chinh said that the Government, ministries and branches of Vietnam have made efforts to resolve on the principle that what is right and beneficial to the production and business process of European enterprises and is beneficial to Vietnam must be resolutely implemented, no matter how difficult it is.
The Prime Minister hopes that EU businesses will continue to expand production and business in Vietnam, considering Vietnam an important foothold in developing the supply chain and production chain; affirmed that Vietnam is ready to create opportunities, confidence, and necessary conditions for European businesses to confidently identify this as a safe investment foothold, bringing benefits and development, closely connecting the EU with Vietnam.
The Prime Minister also suggested that European businesses continue to cooperate with the Vietnamese business community, creating conditions for Vietnamese businesses to participate in the global supply chain and value chain; diversifying markets, making Vietnamese products more flexible and adapting to the situation; promoting the mechanism of dialogue with the Government, doing better to connect businesses periodically with the spirit of saying what is done, committing to do, doing what is done, doing what is done, having results and products; European businesses make Vietnam a long-term production and business base of the EU; consulting and advising on institutional and policy building.
