European firms interested in various sectors in Central Highlands: EuroCham leader
Tourism, agriculture, and renewable energy, which have high potential in the Central Highlands, are sectors that European enterprises are interested in, said Alain Cany, President of the European Chamber of Commerce in Vietnam (EuroCham).
Alain Cany, President of the European Chamber of Commerce in Vietnam (EuroCham) (Photo: VNA)
Hanoi (VNA) – Tourism, agriculture, andrenewable energy, which have high potential in the Central Highlands, are sectorsthat European enterprises are interested in, said Alain Cany, President of theEuropean Chamber of Commerce in Vietnam (EuroCham).
Cany was speaking at a conference on November 20 to launchthe Government’s action plan realising the Politburo’s Resolution No.23-NQ/TW dated October 6, 2022, on orientations for socio-economic development,national defence and security in the Central Highlands by 2030 with a visiontowards 2045.
He said that as EuroCham has committed to supporting thedevelopment of Vietnam’s tourism industry, he supports the resolution.
The official said the adjustments of visa policies and theexemption of visa for European visitors will help increase the number ofEuropean tourists to Vietnam.
By strategically combining its resources, EuroCham will beable to accelerate the recovery of Vietnam's tourism industry and enhance thereputation of the Central Highlands, he stated.
Cany noted the region has about 5.5 million hectares ofagricultural land, which produced many world-famous products such as coffee,pepper, avocado, lemon, and passion fruit.
EuroCham is committed to supporting agricultural enterprisesin the Central Highlands to take full advantage of the advantages brought bythe EU-Vietnam Free Trade Agreement (EVFTA), he said, stressing that there isstill much to do to improve the agribusiness environment and make theseproducts more popular in Europe.
Cany announced that many European companies are investing inrenewable energy in the Central Highlands.
However, he pointed out that an investment corridor isneeded to attract more foreign investment to the Central Highlands renewableenergy industry, along with a clear legal mechanism to attract capital./.
The Government has planned to invest a total capital of 1.25 trillion VND (54.3 million USD) to three large projects in the Central Highlands region, focusing on agricultural production, wood processing and real estate.
Prime Minister Pham Minh Chinh has emphasised the need for breakthrough steps towards the goal of comprehensive, inclusive and sustainable development for the Tay Nguyen Central Highlands while chairing a conference in Da Lat city, Lam Dong province, on November 20.
Prime Minister Pham Minh Chinh on November 20 asked Lam Dong province to work harder to become a growth engine of the Central Highlands and the country as well, particularly in tourism, services, cultural industry and high-tech agriculture, given its unique potential and comparative advantages.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Alain Cany, President of the European Chamber of Commerce in Vietnam (EuroCham) (Photo: VNA) 
