The annual publication presents policy recommendations that aim at resolving regulatory hurdles and facilitating the growth of the country's economy, focusing on areas of health care, the green economy and sustainability, and innovation and investment.

Delegates at the launch othe Whitebook.

EuroCham Chairman Alain Cany said that the introduction of the Whitebook, along with relevant discussions, has brought about chances to seek solutions for the development of all areas.

EuroCham also gives recommendations on waste water management, offshore wind power development, and green building, along with new regulations on visas and work permits to attract foreign workforce.

He pledged that EuroCham will coordinate with Vietnam in creating opportunities for all parties.

Thomas Wiersing, chargé d’affaires of the Delegation of the European Union to Vietnam, said that the EU-Vietnam Free Trade Agrement (EVFTA) has facilitated import-export and investment of both the EU and Vietnam, adding that the launch of the Whitebook will help strengthen bilateral cooperation in investment and attract more capital to Vietnam.

In order to effectively implement the EVFTA and this cooperation, Wiersing expressed his hope for more support from businesses and the Government of Vietnam to make full use of the existing advantages brought about by the deal.

According to the Whitebook, Vietnam has great opportunities in investment and development of renewable energy and wind power as an alternative solution to support the country's transition.

Stuart Livesey from the Copenhagen Infrastructure Partners (CIP) said that new energy sources such as offshore wind power require huge investment. However, the complexity of these projects mainly comes from a lack of a legal and policy framework, which has slowed down the investment capital flows needed to achieve net-zero emissions, he said.

Participants said they expect clearer information on Vietnam's power development plan and its related policies, along with the rapid development of a legal and policy framework to enable the private sector to engage in national energy investment.

Nguyen Quang Vinh, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), said many aspects such as energy transition, renewable energy development, low carbon hydrogen, waste-to-energy or green tourism are new. In order to attract investment to these areas, it is necessary to put in place the necessary measures and policies as soon as possible to provide a clear context for foreign investors, he recommended.

Provincial Party chief urges building Viet Yen urban area, suppoting businesses

(BGO) - Duong Van Thai, member of the Party Central Committee and Secretary of the provincial Party Committee, on January 31 led a working delegation to inspect the performance of new-spring tasks in Viet Yen district and visit some enterprises in the province.

Vietnamese businesses could join global supply chains with sound strategies: experts

Imports and exports continue to be a bright spot for Vietnam despite facing numerous difficulties and Vietnamese enterprises can penetrate deeper into the global supply chains with good strategies, according to experts.

Vietnamese businesses earn billion-dollar profits in 2022, despite challenges

Despite the global recession in 2022, several Vietnamese firms still recorded strong growth and earned billions of dollars in profits.

89 businesses make loan payment per Resolution No.68 on time

(BGO) – 89 out of 91 employers in Bac Giang province borrowing capital to pay for labour’s severance salary and production recovery in 2022 per Resolution No.68 made the loan payment on time, reported the Bac Giang branch of Social Policy Bank (SPB).     

Bac Giang removes obstacles for business

(BGO) – To create the best condition for businesses, the leaders at all levels and sectors in the northern province of Bac Giang regularly grasp and remove their difficulties toward further development and higher contribution to the local economic growth.

Source: VNA