Vietnam has numerous competitive advantages to become an attractive destination for foreign direct investment (FDI), according to the 2018 Whitebook, its 10th edition, released by European Chamber of Commerce in Vietnam (EuroCham) on March 15.
Specifically, the EU, with bilateral trade reaching US$50.3 billion last year, becomes Vietnam's third largest trading partner. Vietnam currently enjoys a trade surplus of nearly US$31.8 billion with the EU.
European investors have invested a total of US$915.5 million in 151 projects in Vietnam and are actively promoting investment in the country.
“In terms of macroeconomic indicators, Vietnam has experienced a positive year. With a GDP growth rate of 6.8%, Vietnam is among the most active economies in the region,” emphasised Bruno Angelet, EU Head of Delegation in Vietnam, at the launch of the 10th edition of the White Book.
The country has successfully attracted nearly US$30 billion of FDI in 2017, up 44.2% against the previous year. This achievement, cited Bruno Angelet, would help Vietnam remain an attractive destination for FDI investors.
As an open economy, the economic growth of Vietnam depends on the economic situation of partner countries, including the EU, said the Head of the EU delegation. He affirmed that EU partners can help Vietnam achieve its sustainable development goals.
A survey by EuroCham found that 62.3% of European firms rated their current business operations in Vietnam as "excellent" and "good."
About 70% of European businesses are optimistic about the business environment at the country in the time ahead, with 11.6% of respondents saying "excellent" and 58% saying "good."
Regarding the macroeconomic outlook for Vietnam this year, most European businesses are confident that macroeconomic stability is likely to continue, with 46.4% of respondents saying “stable and improved.”
Based on these positive reviews, about 90% of European businesses said they will maintain and expand their investment and business in Vietnam in 2018.
Specifically, the EU, with bilateral trade reaching US$50.3 billion last year, becomes Vietnam's third largest trading partner. Vietnam currently enjoys a trade surplus of nearly US$31.8 billion with the EU.
The 10th edition of White Book was released on March 15
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“In terms of macroeconomic indicators, Vietnam has experienced a positive year. With a GDP growth rate of 6.8%, Vietnam is among the most active economies in the region,” emphasised Bruno Angelet, EU Head of Delegation in Vietnam, at the launch of the 10th edition of the White Book.
The country has successfully attracted nearly US$30 billion of FDI in 2017, up 44.2% against the previous year. This achievement, cited Bruno Angelet, would help Vietnam remain an attractive destination for FDI investors.
As an open economy, the economic growth of Vietnam depends on the economic situation of partner countries, including the EU, said the Head of the EU delegation. He affirmed that EU partners can help Vietnam achieve its sustainable development goals.
A survey by EuroCham found that 62.3% of European firms rated their current business operations in Vietnam as "excellent" and "good."
About 70% of European businesses are optimistic about the business environment at the country in the time ahead, with 11.6% of respondents saying "excellent" and 58% saying "good."
Regarding the macroeconomic outlook for Vietnam this year, most European businesses are confident that macroeconomic stability is likely to continue, with 46.4% of respondents saying “stable and improved.”
Based on these positive reviews, about 90% of European businesses said they will maintain and expand their investment and business in Vietnam in 2018.
