Positive impact of the EVFTA at the Vietnam Business Forum
Nicolas Audier outlines the positive impact of the EVFTA at the Vietnam Business Forum
On 16 June 2017, Nicolas Audier (Vice-chairman of the EuroCham) presented a speech at the mid-term Vietnam Business Forum (the “VBF”). The VBF is a structured and ongoing policy dialogue between the Vietnamese government and the local and foreign business communities.
Mr. Dang Huy Dong Mr. Nguyen Chi Dung, Deputy Minister of Planning and Investment, attended the mid-term VBF with other top officials of Vietnamese ministries.
Nicolas discussed several aspects of the Free Trade Agreement between the European Union and Vietnam (the “EVFTA”), which is expected to enter into force next year.
Among other things, Nicolas emphasized that the EVFTA will help Vietnam to develop higher quality services, modern management practices and better training for local employees. In addition, the EVFTA will require improved standards on social responsibility, transparency, environmental protection and quality standards; all contributing to increased confidence of European and worldwide investors in the Vietnamese market.
Nicolas concluded by reiterating EuroCham’s commitment to support Vietnam in the successful implementation of the EVFTA and in building a new and stronger economy.