With the participation of 12 free trade agreements, both bilateral and multilateral, along with several other agreements are being negotiated and signed, Vietnam's investment environment is highly appriciated by international friends.
Report on Global Research by Standard Chartered Bank showed that Vietnam's economic outlook is better and despite global growth could remain only 2.9% in 2016.
The European Union (EU) became the 3rd largest investor in Viet Nam in 2015, featured with increasing number of newly-founded enterprises, Chairwoman of the European Chamber of Commerce in Viet Nam Nicola Connolly said.
According to the Chairwoman, the number of EuroCham members rose remarkably in 2015 from 780 to 850 last year, which demonstrated their interest in the Vietnamese market.
Ms. Nicola Connolly expressed her belief that the signing of the EU-Viet Nam Free Trade Agreement (EVFTA), the Trans-Pacific Partnership (TPP), and the establishment of the ASEAN Economic Community (AEC) would open up new opportunities and economic prospects for Viet Nam in the years to come.
According to a recent business survey, the European business community was upbeat about business outlooks in 2016. Especially, many small and medium-sized European enterprises are interested in investment opportunities in Viet Nam.
She noted that the EVFTA will allow EU exporters to access to different areas including service sector like business service, environment service, post and express, banking, insurance, maritime transport, food, beverage, fertilizers, plastics, building material, ceramics.
The Vietnamese Government has made numerous efforts to facilitate operation of the European businesses, highlighted Ms. Nicola Connolly. She also praised the introduction of fresh laws including the revised Laws on Investment, Enterprises, Real Estate Business, and Housing.
However, the Chairwomen also expressed concerns over some problems like the violations of the intellectual property rights and training of skilled workers that Viet Nam needs to address. Mr. Nicola Connolly suggested the Vietnamese Government pay attention to the issues named in the 2016 White Book which is expected to make public next month.
According to the ranking of the best countries for investment by the World Bank based on the location of more than 4,000 people mainly from business decisions through 8 factors: corruption, power, stable economic environment, the main taxation, innovation, entrepreneurship, workforce and skilled technical expertise, after India and Singapore, Vietnam is considered as the best country to invest in 2016.
