EuroCham Vietnam's quarterly business confidence index rises for third time in a row

EuroCham Vietnam's quarterly business confidence index rises for third time in a row

EuroCham’s Business Confidence Index (BCI) for Vietnam rose for the third time in a row to 52.8 in the first quarter of 2024, the highest level since Q3/2022 which indicates optimism in the national economy.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bosch exec appointed new EuroCham Vietnam chair

Bosch exec appointed new EuroCham Vietnam chair

The European Chamber of Commerce in Vietnam (EuroCham) has appointed Dominik Meichle, managing director of Bosch Vietnam, as its new chairman.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam foreign investors upbeat, minor niggles remain: report

Vietnam foreign investors upbeat, minor niggles remain: report

Foreign investors in Vietnam have better sentiments and are optimistic about the future, according to a report released Tuesday by the Vietnam's Association of Foreign Invested Enterprises (VAFIE).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign firms seek smoother M&A procedures in Vietnam

Foreign firms seek smoother M&A procedures in Vietnam

The business community in Vietnam is calling for easier requirements to conduct merger and acquisition (M&A) deals that are set to thrive as the country's economy continues to open up.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

FDI businesses call for stable power supplies in Vietnam

FDI businesses call for stable power supplies in Vietnam

Foreign-invested companies in Vietnam have expressed concerns over power shortages and called on authorities to provide stable supplies for industrial parks to ensure production.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agribusiness Hung Nhon, De Heus target $2 bln annual revenue by 2030

Agribusiness Hung Nhon, De Heus target $2 bln annual revenue by 2030

Vietnamese major agribusiness Hung Nhon Group and its Dutch partner De Heus plan to increase the annual revenue of their cooperation to $2 billion by 2030, according to Hung Nhon Group.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

EuroCham raises concerns over recycling, intellectual property rights, M&A regulations

EuroCham raises concerns over recycling, intellectual property rights, M&A regulations

The European Chamber of Commerce in Vietnam (EuroCham) has raised a series of concerns and recommendations to the Vietnamese government in a bid to improve the country's business environment.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

EuroCham Vietnam launches new whitebook, focusing on boosting green investment

EuroCham Vietnam launches new whitebook, focusing on boosting green investment

The European Chamber of Commerce in Vietnam (EuroCham) has launched its 15th annual whitebook, offering insights on Vietnam's business policies from the European business community and seeking to boost investment for a greener, more sustainable economy in the country.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Business confidence in Vietnam improves again: EuroCham

Business confidence in Vietnam improves again: EuroCham

EuroCham’s Business Confidence Index (BCI) for Vietnam rose again to 46.3 in the last quarter of 2023, the second growth in a row since Q1/2022.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Power shortages unallowable in any case: PM Chinh

Power shortages unallowable in any case: PM Chinh

Vietnamese Prime Minister Pham Minh Chinh has instructed government agencies not to allow a repetition of power shortages under any circumstances in the year ahead.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central province partners with Invest Global to source FDI

Vietnam central province partners with Invest Global to source FDI

The Management Board of Dung Quat Economic Zone and Industrial Parks in Quang Ngai province has signed an MoU with Hanoi-based consultant Invest Global to look for potential large foreign investors.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s 2023 FDI inflow likely to trump 2022 as investors gain confidence

Vietnam’s 2023 FDI inflow likely to trump 2022 as investors gain confidence

Inbound foreign direct investment (FDI) in Vietnam this year is likely to surpass 2022 figures as operational overseas businesses recover and expand operations, according to KB Securities Vietnam JSC (KBSV).

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Business environment in Vietnam looking up: EuroCham

Business environment in Vietnam looking up: EuroCham

EuroCham’s Business Confidence Index (BCI) for Vietnam recovered to 45.1 in the third quarter of 2023, the first growth since Q1/2022.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ericsson values Vietnam’s attractiveness as hi-tech foreign investment destination: CEO

Ericsson values Vietnam’s attractiveness as hi-tech foreign investment destination: CEO

In a talk with The Investor, Denis Brunetti - president of Ericsson Vietnam, Myanmar, Cambodia and Laos, speaks about Vietnam’s significant potential to attract high tech foreign investment, particularly in manufacturing and R&D, accelerating the digital transformation of industries and growing the digital economy.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Europe helps Vietnam’s transition with green economy forum

Europe helps Vietnam’s transition with green economy forum

The Green Economy Forum (GEF) will be held November 2 in Hanoi as part of joint efforts by Europe and Vietnam to support the latter’s green transition.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

EuroCham proposes full inclusion of EU members on Vietnam's visa exemption list

EuroCham proposes full inclusion of EU members on Vietnam's visa exemption list

EuroCham, the leading voice of the European business community in Vietnam, has proposed the expansion of Vietnam's visitor visa exemption list to encompass all 27 EU member countries.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

48% of European firms expect to expand Vietnam investment: EuroCham

48% of European firms expect to expand Vietnam investment: EuroCham

A survey conducted by EuroCham has found that 48% of European businesses expect to increase their investments in Vietnam by the end of the next quarter, the commerce chamber said in its Business Confidence Index (BCI) report for the second quarter of this year.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Royal HaskoningDHV focuses on renewable energy development in Vietnam

Royal HaskoningDHV focuses on renewable energy development in Vietnam

Dutch engineering consultancy firm Royal HaskoningDHV is expecting a massive investment increase in renewable energy in Vietnam, and plans to focus on the sector.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

EuroCham proposes solutions for Vietnam’s ongoing power shortages

EuroCham proposes solutions for Vietnam’s ongoing power shortages

The European Chamber of Commerce in Vietnam has urged the Ministry of Industry and Trade to concentrate on renewable energy projects to develop a diversified energy portfolio that can withstand various climate conditions.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Acquisitions in Vietnam energy industry offer investment opportunities

Acquisitions in Vietnam energy industry offer investment opportunities

Acquisitions and forming partnerships with firms in Vietnam have become effective ways for energy developers to catch opportunities in the fast-expanding economy.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s renewables promoting power plan in line with global greener practices: EuroCham

Vietnam’s renewables promoting power plan in line with global greener practices: EuroCham

Vietnam’s latest power development plan facilitates a smooth transition towards equitable and sustainable energy systems, aligning with global trends towards greener practices and the need to reduce emissions, said the European Chamber of Commerce (EuroCham).

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Spanish Chamber of Commerce sets up shop in Vietnam

Spanish Chamber of Commerce sets up shop in Vietnam

The Spanish Chamber of Commerce in Vietnam (SCCV) was launched in Hanoi on Friday, marking a milestone in the economic ties between the two countries.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign drug firms expect further business improvements in Vietnam

Foreign drug firms expect further business improvements in Vietnam

Executives of foreign drug companies in Vietnam have proposed to Prime Minister Pham Minh Chinh legal and administrative improvements to make the market more attractive to foreign investors.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

European businesses still cautious over Vietnam investment: EuroCham

European businesses still cautious over Vietnam investment: EuroCham

European business leaders remain prudent but have seen signs of improvement in Vietnam's economy, according to the Business Climate Index (BCI) published on Tuesday by EuroCham.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Cost-based incentives should offset global minimum tax-related preference losses: EuroCham, AmCham

Cost-based incentives should offset global minimum tax-related preference losses: EuroCham, AmCham

EuroCham and AmCham have recommended the Vietnamese government introduce cost-based incentives to offset losses of corporate income tax (CIT) preferences due to the adoption of the Global Minimum Tax (GMT).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Special consumption tax on sugary drinks not suitable: business associations

Special consumption tax on sugary drinks not suitable: business associations

Applying a special consumption tax (SCT) on sugary drinks is not suitable, EuroCham, AmCham, and the Vietnam Beer-Alcohol-Beverage Association (VBA) have said in response to a draft amended law.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

De Heus Vietnam CEO Gabor Fluit becomes new EuroCham chairman

De Heus Vietnam CEO Gabor Fluit becomes new EuroCham chairman

The European Chamber of Commerce in Vietnam has elected its new 17-member board of directors for 2023, with Gabor Fluit, CEO of Dutch agri-business giant De Heus in Asia and Vietnam, serving as new chairman.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam to encourage direct power purchase agreements: prime minister

Vietnam to encourage direct power purchase agreements: prime minister

Vietnam is piloting a direct power purchase scheme and is planning to encourage its application, said Prime Minister Pham Minh Chinh.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam eyes FDI in green growth, digitalization: association

Vietnam eyes FDI in green growth, digitalization: association

The annual report on FDI in Vietnam 2022, released by the Vietnam Association of Foreign Invested Enterprises (VAFIE) on Friday, highlights challenges and opportunities for the country in attracting FDI in green growth and digitalization.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

EuroCham proposes quicker work permit issuance

EuroCham proposes quicker work permit issuance

The issuance of work permits for foreign laborers in Vietnam should be sped up, the EuroCham proposed at a dialogue with Ho Chi Minh City authorities on Tuesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Global minimum tax, opportunity for Vietnam to continue reforms: EuroCham vice chairman

Global minimum tax, opportunity for Vietnam to continue reforms: EuroCham vice chairman

The upcoming implementation of the Global Minimum Tax (GMT) will force Vietnam to make further reforms for the new situation, with a key task being to improve its administrative procedures, EuroCham Vietnam vice chairman Nguyen Hai Minh tells The Investor.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC pledges to speed up business licensing

HCMC pledges to speed up business licensing

Ho Chi Minh City has pledged to speed up the issuance of business licenses in cases where ministerial authorities have delayed the process, said mayor Phan Van Mai.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

AUO to establish flat screen plant in Vietnam

AUO to establish flat screen plant in Vietnam

AU Optronics (AUO), one of the world-leading display suppliers, will set up its first Vietnam plant to make LCD monitors, expecting to start volume production in the first quarter of 2024.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

European business confidence in Vietnam falls, more firms move operations from China to nation

European business confidence in Vietnam falls, more firms move operations from China to nation

European business stakeholders' perception of Vietnam's business climate fell to 48.0 in Q4/2022, but up to 41% of surveyed respondents said their companies are shifting operations from China to Vietnam, according to EuroCham.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Illicit alcohol accounts for 63% of Vietnam consumption

Illicit alcohol accounts for 63% of Vietnam consumption

Illicit and unregulated alcohol accounts for 63% of consumption in Vietnam, said Nguyen Van Viet, chairman of the Vietnam Alcohol-Beer-Beverage Association (VBA).

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7