Sun. Jun 16th, 2024

A number of businesses met in Hanoi on March 8 to explore trade and
investment opportunities with ASEAN and EU partners.

As part of the ASEAN–EU Business Summit, the event was organised by the Vietnam Chamber of Commerce and Industry (VCCI).

Addressing the event, VCCI Chairman Vu Tien Loc said ASEAN is a
dynamic economic region with average annual growth of 5.5 percent. It
has rising purchasing power and a higher role in the international
arena, he added.

The two regions have agreed to
boost economic links for sustainable growth. The businesses are ready
to thrive in fields of their strength and high demand like footwear,
agro-fishery, human resource development, clean energy and
infrastructure, Loc said.

A Myanmar
representative introduced to international investors promising fields
like transport infrastructure, sea ports, roads and trans-national
transport, especially in the Greater Mekong Sub-region.

Participants also pointed out shortcomings in ASEAN, like the economic
development gap among member nations, differences in environment, and
laws on investment and trade, especially taxation, customs, economic and
technology potential, and human resource quality.

They suggested governments promptly negotiate a suitable cooperation
mechanism and establish a free trade area between the two regions.-VNA

By vivian