Eurocham has acknowledged Vietnam ’s progress in improving its trade and investment environment, particularly in intellectual property and administrative reform, in year-end months.
The statement was made by Alain Cany, Chairman of the European Chamber of Commerce in Vietnam (Eurocham) while launching the “White Book of Trade/Investment Issues and Recommendations” in Hanoi on Nov. 25.
The White Book, the third edition, will serve as a reference for the Vietnamese Government to address limitations in Vietnam ’s competitiveness such as the quality of labour force, infrastructure, energy supply, encouragement of Public-Private Partnership (PPP), and regulatory and administrative reform, said the Eurocham chairman.
As in prior editions, the White Book 2011 aims to summarise some of the key issues affecting the business operations of over 700 European business members in Vietnam . The companies are involved in pharmaceuticals, energy, telecommunications, automobile, tourism and banking sectors.
The White Book 2011 includes additional views on the important areas of PPP and nutritional foods, which drew special attention from EU businesses.
The book will serve as useful information for European companies to better understand Vietnam ’s economic development and legal and investment environment, said Jean-Jacques Bouflet, Minister-Councillor for Trade and Economics at the European Commission delegation.
The edition will also help the Vietnamese Government to clearly understand investors’ interests and aspirations, he added.
It will also support future negotiations on free trade between Vietnam and EU, he said.