EU and Republic of Korean investors show confidence in Vietnam’s business environment
(VOVWORLD) - The foreign investment consulting firm Dezan Shira & Associates’ Vietnam Briefing website, has published an analysis on a trend of increasing EU investment in Vietnam and the reasons why the nation has been a formidable competitor in attracting foreign investment in Southeast Asia.
 Automobile manufactured at Ford factory in Hai Duong province (Photo: VNA) |
According to the article, with a foreign trade volume of about 41.3 billion USD, the EU is currently among Vietnam’s largest trading partners. The article said the in-effect EU-Vietnam Free Trade Agreement (EVFTA) with its liberalization of customs duties and the deepening of trade and business relations, represents a great opportunity for EU companies.
Meanwhile, Eurocham’s survey in the first quarter of this year showed that European business executives were confidence in Vietnam’s economy, while the Korea International Trade Association has reported that Vietnam has been an attractive investment destination in Southeast Asia.