Dear ,
Last Monday and Tuesday, September 19 and 20, EuroCham Chairman Alain Cany, Vice-Chair Jean-Jacques Bouflet, and Executive Director Delphine Rousselet were in Brussels to meet with relevant departments of the European Commission and European institutions to assess the EVFTA's implementation by Vietnamese authorities since it entered into force in summer 2020 and to promote GEFE 2022.
EuroCham's delegation met with: ⭐Cabinet of EU Executive Vice-President Valdis Dombrovskis - Mrs. Christina Rueda ⭐Cabinet of Commissioner Virginijus Sinkevicius - Head of Cabinet Mr. Simonas Satunas ⭐Cabinet of Commissioner Thierry Breton - Mrs. Barbara Bonvissuto ⭐Ambassador of Vietnam to Belgium and the EU H.E. Nguyen Van Thao ⭐EU Ambassador at Large for Climate Diplomacy Mr. Marc Vanheukelen. Ambassador Vanheukelen is also the EU representative working with the UK on the Just Energy Transition Partnership (JETP) with Vietnam. He will come to Vietnam in early October for talks with the Vietnamese government on the JETP. ⭐DG TRADE - Director Mrs. Dora Correia ⭐DG ENER - International Relations Officer Mr. Fabian M. Kreuzer ⭐European Parliament - Mr. Tudor Petru Fabian, Assistant of and Policy Advisor to Member of Parliament (MEP) Mr. Iuliu Winkler ⭐European Commission - Spokesperson Mrs. Miriam Garcia-Ferrer ⭐BusinessEurope - Director General and CEO Mr. Markus Beyrer ⭐Belgium Vietnamese Alliance (BVA) - Chairman Mr. Andries Griffoy, Secretary General Mr. Dimitri Duong ⭐ASEAN Cham EU - CEO Mr. Dimitri Duong |
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During the delegation's stay, H.E. Nguyen Van Thao, Ambassador of Vietnam to Belgium and the EU, provided an abundance of hospitality at his residence. Together with Ambassador Thao, the dinner was attended by Chairman Alain Cany, Vice-Chairman Jean-Jacques Bouflet, Executive Director Delphine Rousselet, as well as the Head of Cabinet of Commissioner Sinkevicius Mr. Simonas Satunas, Spokesperson of the European Commission Mrs. Miriam Garcia-Ferrer, and Political Counselor at the Embassy of Vietnam Mrs. Thuy Nguyen.
Regarding the EVFTA, positive outcomes such as increasing and diversifying EU-Vietnam trade, as well as persistent challenges including high EU import standards, burdensome Vietnamese administrative requirements, Vietnam's tax increases, and strict origin requirements, were discussed.
The EuroCham delegation also coordinated with officials in Brussels to arrange a VIP visit to GEFE 2022. Consequently, a European Commissioner is expected to attend. Now, EuroCham is developing an agenda for meetings between this VIP and Vietnam's top authorities. We will tell you more specifics about this VIP appearance in the coming weeks.
Generally, GEFE 2022 received praise from key stakeholders. Additionally, the media, from national to international and sectoral to general, are mobilizing to cover it. |
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| Speakers: | | Zacharie Blondeau | | Partner, Sourcing Director | | SOURCE OF ASIA |
| | Robert M King | | Indochina Tax Leader | | EY Vietnam |
| | Minh Nguyen | | Sales Director - South | | BW Industrial |
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In this webinar, EuroCham and Source of Asia invite you to discuss Vietnam's position in terms of the China+1 strategy, Vietnam's policies and incentives to attract foreign investment, and the impact of China+1 on the industrial sector.
💶Fees: Members - FREE | Non-members - 300,000VND |
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| Speakers: | | Warrick Cleine | | Chairman and CEO, Managing Partner – Deals, Tax and Legal | | KPMG in Vietnam and Cambodia |
| | Thuy Duong Hoang | | Partner, KPMG Vietnam’s Head of Tax and Head of KPMG Branch in Danang, Central Vietnam |
| | Kieu Nga Le Thi | | Partner, Head of Corporates Tax | | KPMG in Vietnam |
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With our tax policy event in Hanoi on September 23 garnering a great deal of interest, we are hosting an equivalent event for our HCMC members. EuroCham and KPMG invite you to "Tax Policy 2022-2023: Maximizing Opportunities in an Evolving Landscape." To better understand Vietnam's current tax landscape, presenters from KPMG will discuss tax policy outlooks for 2022 to 2025, e-commerce / digital services taxation, and 2022 tax audits.
💶Fees: Members - 800,000VND | Non-members - 1,000,000VND (w/ canapés and beverages) |
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It's time again for our monthly networking event, EuroCham Chat & Chill! This time around, join us at The Racha Room. Members and non-members are all welcome.
💶Fees: Members - 350,000VND | Non-members - 500,000VND (w/ two drinks and canapés) |
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GEFE (Green Economy Forum & Exhibition) 2022 attendee registration is open. To reserve your spot, click below. |
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EuroCham and Schoolab present the Sustainable Innovation Lab, a collaborative experience at GEFE 2022. Students from top European and Vietnamese universities will collaborate with entrepreneurs and designers to develop innovative business and environmental solutions. Be a changemaker. Join the Sustainable Innovation Lab.
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We will host our Gala Dinner & Business Sustainability Awards on Tuesday, November 29th at The Reverie Saigon. The event will bring together leading European enterprises, business leaders, investors, diplomats, and political leaders to celebrate our members' exemplary commitment to sustainability and innovation.
As the ceremony will take place during our three-day Green Economy Forum and Exhibition (GEFE) 2022, sustainability and the green economy will be a central theme. Four awards are up for grabs, including Green Business of the Year, Best Sustainable Initiative by an SME (more than 30 but less than 250 employees based primarily in Vietnam), Best HR Development Strategy and Most Innovative Project.
For members of EuroCham's affiliated national European business associations (BAs), each BA will nominate their champion(s). Please contact them for more information on their selection process.
For EuroCham direct members, we are accepting nominations from now until October 31st. Candidates must apply using an application form. You can find this below, along with our judging criteria.
This event has become essential to the European community's social calendar in Vietnam. Please book your tickets now to avoid future disappointment, as our previous Gala Dinners have all been completely sold out. |
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EuroCham and its Pharma Group Met with Deputy PM Vu Duc Dam on Pharma Industry Development |
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EuroCham Vice-Chair Minh Nguyen (Mazars), Advocacy Manager Vinh Dang, and representatives from EuroCham's Pharma Group, including Chairman Emin Turan (Sanofi), Director Thuy Nguyen and External Affairs Manager Thach Do, met with Deputy Prime Minister Vu Duc Dam on September 22 to discuss implementing the pharmaceutical development program and the speeding up of access to new innovative drugs.
Representatives from the Ministry of Health (MOH) and the Ministry of Science and Technology, as well as business associations such as AmCham, Vietnam Pharmaceutical Companies Association (VNPCA) and VinaPharm attended.
Deputy Prime Minister Vu Duc Dam heard from the MOH about pharmaceutical development and gathered input from business associations concerning such issues.
Pharma Group Chairman Emin Turan proposed ways to accelerate access to innovative drugs in the Vietnamese pharmaceutical industry. He also suggested maintaining marketing authorization (MA) validity while allowing the MOH to clear the current renewal dossier backlog. In the event that the Pharma Law cannot be fast-tracked, he said that a new resolution should be passed to maintain MA validity and remove MA renewal procedures.
Pharma Group also offered proposals for incentives regarding pricing stability, procurement, registration, and reimbursement speed.
Deputy PM Vu Duc Dam said the Pharma Law needs comprehensive and diligent revision, and Resolution 30 is the best way to deal with immediate issues like extensions for MA validity. |
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EuroCham Welcomed Danish Ambassador Nicolai Prytz |
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Danish Ambassador Nicolai Prytz was warmly welcomed to the EuroCham Ho Chi Minh City office on Friday, September 23 by EuroCham Chairman Alain Cany and Head Of MarCom & Special Events Rebecca Bauden. Ambassador Prytz began his posting to Hanoi earlier this month, and formerly served as the Danish Ambassador to Brazil and Consulate General in Shanghai. Our team looks forward to collaborating with the ambassador in the future. |
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EuroCham and KPMG Collaborated on an Event Covering "Tax Policy 2022 - 2023: Maximizing opportunities" |
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EuroCham, in partnership with KPMG, presented an event on September 23 entitled "Tax Policy 2022 - 2023: Maximizing opportunities". A total of 50 participants attended, including EuroCham members, non-members and KPMG clients.
Hoang Thuy Duong, Partner, Head of Tax and Head of KPMG Danang, gave a brief overview of Vietnam's outlook. According to him, enterprises and governments must work together to address market uncertainty.
After that, Le Thi Kieu Nga, Partner, Head of Corporate Tax at KPMG Vietnam, shared information on e-commerce taxation. Changing the tax law to make it more rational is necessary given the growth of the digital economy, according to him. A brief overview of Vietnam's tax system reform strategy up to 2030 was also provided.
As well as the aforementioned speakers, three other experts spoke on a tax panel: ⭐Manh Thi Tuyet Mai - Deputy Director of the Ministry of Finance's General Department of Taxation ⭐Phung Thu Hang - General Department of Taxation ⭐Nguyen Thu Huong - Partner, Head of Tax Dispute Resolution & Controversy at KPMG Vietnam |
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EuroCham Organized a Luncheon on “Growth and Opportunity: How Can Vietnam Learn from the Seven Laws of Financial Success?” |
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EuroCham organized an event on September 22 at the Pan Pacific Hotel in Hanoi entitled “Growth and Opportunity: How Can Vietnam Learn from the Seven Laws of Financial Success?” Preben Hjortlund, Chairman of EuroCham's Advisory Committee, moderated. Over 20 participants attended, including members and non-members. EuroCham Board Member Soren Roed Pedersen was also there.
Former ambassador and senior business advisor Christian-Ludwig Weber-Lortsch discussed the global economy and Vietnamese business, highlighting the determination, hard work, and leadership of entrepreneurs. He concluded his "humble observations" by encouraging the next generation to "Enjoy life, but set your priorities right - Business before pleasure." After Mr. Ludwig's prelude, Dr. Rainer Zitelmann, a successful businessman, real estate expert, and author, discussed his doctoral dissertation. According to his research, the seven laws of financial success are nonconformism, listening to your gut, sales skills, coping with failure, being open to new experiences, never shying away from conflict, and social responsibility. |
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Don't miss out on the biggest Oktoberfest in Southeast Asia! The German Business Association's (GBA) Oktoberfest Vietnam 2022 is finally returning to Hanoi and Ho Chi Minh City! There, you will enjoy a feast of flavorful German cuisine and free-flowing premium imported German beer served in your very own Oktoberfest beer mug. Additionally, we will fly in the amazing show band Ozapft from Germany, who will perform in an original German beer tent, a Festzelt, with a lot of fun games and attractive prizes. |
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The 25th anniversary of DEEP C in Vietnam in 2022 demands a celebration like no other. As the symbol of Belgian-Vietnamese cooperation, DEEP C is thrilled to launch its "Building the Future" event series in Haiphong, which includes an investment promotion seminar and a Gala Night. This event will be held in partnership with EuroCham.
Click the button below for the full details and the event's agenda. |
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EuroCham members receive a 10% discount on all exhibition and attendance packages. |
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20 September - "Vietnam’s recovery has been ensured by strong and forward-looking government support which helped to bring in more high-profile FDI projects, high-quality manufacturing projects, GDP growth acceleration, and stability despite global economic instability, said Chairman of EuroCham Alain Cany." |
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21 September - [Vietnam Plus] Medicines must be enough, affordable: Deputy PM - "The ultimate goal of the development programme for domestic pharmaceutical industry is to ensure the sufficient supply of medicines at reasonable costs for the people, said Deputy Prime Minister Vu Duc Dam at a meeting held in Hanoi on September 21."
21 September - [VN Express] ADB keeps Vietnam GDP growth forecast unchanged at 6.5% - "The ADB maintains its 6.5% growth forecast for Vietnam this year despite an expected slowdown in Asia due to global geopolitical tensions. It lowered the forecast for industry growth to 8.5% from 9.5%, but said the outlook remains bullish given strong FDI in the sector."
21 September - [Nikkei Asia] Vietnam's battle to climb the global value chain - "Vietnam's success in attracting supply chain business -- and its failure to create its own domestic high-technology sector -- has created a dilemma for policymakers ... Vietnam has recorded technology export growth that no substantial Asian rival has matched ... But the country added little value of its own to these exports and has no homegrown tech champions."
22 September - [Vietnam News] Economic freedom strongly tied to success: EuroCham - "Vietnam's economic success story has been closely associated with improved economic freedom, which will likely remain a strong driving force for the country's socio-economic development in the future, said policymakers and experts during a conference organised by EuroCham ..." |
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