WEEKLY NEWSLETTER May 29, 2023 |
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Addressing foreign work permit challenges: EuroCham and MOLISA hold discussions |
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EuroCham and the Ministry of Labor, Invalids, and Social Affairs (MOLISA) joined forces today to address the challenges surrounding work permits for foreign businesses in Vietnam. The dialogue workshop, held at Ho Chi Minh City's New World Hotel, gathered policymakers and members of the business community to discuss the revision of Decree 152, a regulation that governs foreign work permits and significantly impacts international enterprises operating in the country. EuroCham Vice-Chair Minh Nguyen moderated the event, and AmCham, BritCham, and JCCI handled co-hosting duties.
EuroCham Chairman Gabor Fluit delivered an opening speech highlighting the crucial link between Vietnam's economy and the success of foreign businesses and investors within the country. Mr. Fluit emphasized that the complexity surrounding work permits for foreign workers unintentionally hampers foreign direct investment, impedes knowledge transfer, erodes competitiveness, and stifles innovation, all of which have far-reaching effects on the national economy. |
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Co-Chair of the EuroCham Human Resources & Training Sector Committee, Trung Khuat, said that since the expiration of Resolution 105 on December 31, 2022, the procedures for foreign workers' work permits have become more stringent and burdensome. He then presented EuroCham's suggestions to revise key points in Decree 152.
Vu Trong Binh, Director General of MOLISA’s Department of Employment, delivered a report on the amendment of Decree 152, shedding light on the government's perspective and priorities, as well as the constraints they face during the drafting process.
The workshop also featured a panel discussion, where business community representatives, MOLISA, and local DOLISAs engaged in constructive dialogue, exchanging experiences, addressing challenges, and seeking practical solutions to streamline the work permit application process.
In his closing remarks, EuroCham Vice-Chair Jean-Jacques Bouflet emphasized the essential role of European, American, British, and Japanese investors as consistent leaders in foreign investment in Vietnam, with a focus on high-quality and high-tech ventures. He highlighted investors' commitment to upholding legal compliance and prioritizing the training of Vietnamese personnel to eventually replace foreign experts, aligning with Vietnam's vision of fostering a skilled workforce. |
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| EUROCHAM NEWS AND ADVOCACY |
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EuroCham Chairman Gabor Fluit publicizes the upcoming Business Connection Forum for EuroCham-Tay Ninh partnership |
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EuroCham Chairman Gabor Fluit spoke at a press conference on May 25 to discuss the rapidly approaching Business Connection Forum, scheduled for Friday, June 2 in Tay Ninh.
During the conference, Mr. Fluit expressed his confidence that the forum would ignite a powerful spark, fueling dialogue and fostering meaningful relationships between Team Europe and Tay Ninh. He highlighted the opportunity for active technology transfer, knowledge sharing, and investment cooperation through these connections.
For more information about the press conference, please read a write-up on the event by clicking the button below.
Interested in joining the Business Connection Forum? Scroll down to this newsletter's events section for more info! |
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EuroCham welcomes new members at an orientation in Hanoi |
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Last Thursday, May 25, a EuroCham new member orientation was organized for the newest additions to the EuroCham family. It took place at the EuroCham Hanoi Office and featured 12 representatives from nine companies and organizations who recently joined EuroCham
The event was hosted by Delphine Rousselet, EuroCham Executive Director, along with Van Nguyen, Head of EuroCham's Hanoi Office and External Relations Manager. They shared information with the participants about the numerous benefits that they now have as members of the EuroCham family.
The new members were enthusiastic about learning more about our Sector Committees, expressing their desire to join, contribute and make their voice heard. After the introductions and sharing, attendees had an exciting networking session.
We hope that all our members found the evening as enjoyable as we did! EuroCham is also looking forward to welcoming our new members at another new member orientation scheduled for Wednesday, May 31, at the EuroCham Ho Chi Minh City Office. See you there! |
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Exploring Vietnam's retail market & consumer trends at EuroCham's luncheon seminar |
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EuroCham and BeluxCham brought together a host of top retail industry figures for a highly anticipated luncheon seminar titled "Vietnam Retail Market & Consumer Trends." The event witnessed an exceptional lineup of expert speakers who shared their know-how on the ever-evolving landscape of Vietnam's retail industry. It also set an all-time luncheon seminar attendance record, with nearly 100 participants!
Moderated by EuroCham Board Member Marieke van der Pijl and BeluxCham Vice-Chairman in HCMC Guy Balza, the seminar provided a chance for attendees to glean insights from some of the industry's leading experts.
The luncheon's speakers, including Peter Christou, the General Manager of the Worldpanel Division at Kantar Worldpanel Vietnam; Jayant Shenoy, the Commercial Director of NielsenIQ Vietnam; and Olivier Langlet, the Group CEO of Central Retail Vietnam, shared wisdom on the retail market and consumer behavior. Their expertise covered a range of topics such as understanding consumer preferences, adopting an omnichannel approach, analyzing trends in Vietnam's FMCG sector, evaluating the impact of economic uncertainty, assessing online penetration, and highlighting retail investors' positive sentiment towards Vietnam's market potential.
A heartfelt thank you to our speakers and attendees for making this seminar a success. |
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Nordcham Business Briefing details Power Development Plan VIII |
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Prime Minister Pham Minh Chinh set the wheels in motion for Vietnam's energy sector with the signing of Decision No.500/QD-TTg. This landmark decision unveiled Vietnam's National Power Development Plan (PDP) VIII, a strategic roadmap that will shape the country's energy landscape for decades to come.
In a bid to dissect the details of this plan, industry experts convened at a recent Nordcham Business Briefing, co-hosted by Nordcham and EuroCham. The following figures were there to shed light on the implications and next steps of the PDP8: - Hai Nguyen, Partner at Baker & McKenzie Vietnam
- Anita H. Holgersen, Equinor's Senior Director of Business Development of Renewables & Vietnam Country Representative, and Nordcham Board Member
- Stuart Livesey, CEO of COP Vietnam and La Gan Wind, and Board Member of both EuroCham and Nordcham
For those who were unable to attend, fear not. The recorded webinar and presentation by Baker McKenzie are readily accessible. Simply click the button below to gain valuable insights into this pivotal gathering. |
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Airbus and the Vietnam Academy of Science and Technology celebrate milestone achievement as VNREDSat-1 exceeds expectations in remarkable decade of orbital success |
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Vietnam's pioneering remote sensing satellite, the VNREDSat-1, has accomplished a remarkable feat after an impressive decade in orbit. Having completed an astounding 53,000 revolutions around the Earth, covering a staggering distance of 2.4 billion kilometers, the satellite has far surpassed its initial design expectations.
Originating from a collaborative effort between EuroCham Gold Corporate Partner Airbus, a renowned multinational aerospace corporation, and the Vietnam Academy of Science and Technology (VAST), the VNREDSat-1 represents Vietnam's inaugural Earth observation satellite. Backed by French funding, this joint venture has proven to be a resounding success, yielding invaluable data crucial to tackling the nation's pressing environmental and resource management challenges.
To commemorate this milestone, the VAST, in conjunction with the French Embassy in Vietnam and Airbus, organized a commemorative event. The occasion saw the presence of the French Ambassador to Vietnam, Nicolas Warnery.
In a statement made during the ceremony, Hoang Tri Mai, CEO of Airbus Vietnam and EuroCham Board Member, proudly affirmed the group's status as a key partner in Vietnam's significant space endeavor. Furthermore, she expressed her hopes of continuing to support the nation on its future space development path.
During the ceremony, the VAST recognized Jean Michel Caldagues, member of the EuroCham Advisory Board and former Managing Director of Airbus Vietnam, for his noteworthy contributions to this groundbreaking achievement.
We would like to congratulate the VAST, Airbus, and all the individuals involved in the remarkable journey of the VNREDSat-1. This achievement not only showcases Vietnam's technological prowess but also exemplifies the power of international collaboration in pushing the boundaries of space exploration. |
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[Business Luncheon] EuroCham and its Legal Sector Committee would like to invite you to join this real estate-themed Business Luncheon titled “The Impact of the New Vietnamese Land Law.“ The event will include a panel discussion featuring professionals and thought leaders from various sectors, providing a space for valuable discussions on emerging trends and challenges in the real estate industry with a lens on the draft Vietnamese Land Law and some of the key changes to the existing Land Law included in the draft. |
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Mark your calendars for June 2 as Tay Ninh Province, in collaboration with EuroCham, will host the Business Connection Forum. This highly anticipated event aims to foster connections among organizations, investors, and domestic and international enterprises.
Don't miss out on the presence of key figures such as Deputy Prime Minister Tran Luu Quang, Minister of Agriculture and Rural Development (MARD) Le Minh Hoan and Tay Ninh's Party Secretary Nguyen Thanh Tam. In addition, the event is set to attract many more notable government officials, representatives from the Government Office, and leaders hailing from the Ministries of Planning and Investment;Industry and Trade; Natural Resources and Environment; as well as Culture, Sports and Tourism.
To add to the excitement, a Gala Dinner awaits on June 1 at the prestigious Melia Vinpearl Tay Ninh Hotel.
Limited space is available! EuroCham members are cordially invited, with travel and accommodation expenses covered by Tay Ninh Province. Secure your attendance now by RSVPing via email to Ms. Nhung at nhung@eurochamvn.org. |
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[Business Luncheon] Achieving commercial expansion hinges on bolstering engagement with your employees and stakeholders. In this upcoming webinar co-organized by EuroCham and Lim-Loges & Masters titled "How to Unlock Greater Commercial Growth Through ESG Integration," we will reveal how ESG integration can transform your business growth trajectory. |
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In this June 15 webinar co-organized by EuroCham and Bosch, we will discuss the role the economy and companies have in supporting the climate goals and give you examples on how digitalization can support this development. A particular emphasis is on the situation in Vietnam, which represents one of the major economies in the ASEAN countries with huge potential for future growth. |
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The objective of the roundtable is to establish a platform for open and honest discussions concerning glass ceilings in the ChatGPT era. Participants will gain wisdom into workplace challenges faced by women and will acquire strategies to overcome these obstacles. Additionally, the roundtable will explore the role of AI in promoting diversity and inclusion. It will emphasize the significance of education and training in fostering a more inclusive work environment. Overall, the roundtable aims to inspire action towards creating a diverse and inclusive workplace that benefits everyone. |
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On June 9, the EuroCham Green Growth Sector Committee and the Vietnam Green Building Council (VGBC) will collaborate to organize the Healthy & Resilient Buildings event in Ho Chi Minh City. Healthy and Resilient Buildings is an annual event of the VGBC with a focus on educating professional development in best practices for building design for occupant health, disaster resilience, and climate change adaptation.
Click the button below to register, and for more info! |
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Attention EU SMEs! Are you seeking to expand your business and thrive in Malaysia?
Whether you're exploring the Malaysian market for the first time or considering expanding your existing operations, this training is tailored to meet your needs. Even if you've recently embarked on doing business in Malaysia, you'll benefit from insights on tax incentives, employment passes, and other government-provided advantages, all while ensuring the protection of your intangible assets.
Join us for this free webinar, co-organized in part by the South-East Asia IP SME Helpdesk—a project currently being implemented by EuroCham Vietnam.
For participants in Vietnam, you can tune in at 3:30 p.m. |
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The leading ESG-lens investment conference, with participation from 50+ businesses over two days, will bring together key stakeholders to look at the opportunities in Vietnam for sustainable finance and ESG investing and explore high-yield returns on partnerships aimed to meet the needs and challenges of Vietnam’s dynamic society and environment.
To secure your tickets, kindly click the button provided below and use the code "EUROCHAM15" at checkout to avail an exciting 15% discount! |
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Trade fairs have become increasingly complex, characterized by the emergence of new ideas and technologies, alongside the prevalence of fraud and counterfeiting. Staying abreast of these dynamic industry shifts can prove challenging.
Therefore, we are delighted invite you all to this free webinar titled "How to Protect Your Intellectual Property Rights at International Trade Fairs?" The event is scheduled for June 20, 2023, at 3 p.m. for participants in Vietnam.
We urge you to join us for this informative session, co-organized in part by the South-East Asia IP SME Helpdesk—a project currently being implemented by EuroCham Vietnam. |
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EuroCham Chairman Gabor Fluit shares insights on economic development and sustainability in Tay Ninh |
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EuroCham Chairman Gabor Fluit recently shared valuable insights on Tay Ninh's economic development during his appearance on VTV9. He highlighted key considerations for businesses when making investment decisions.
According to Mr. Fluit, seamless communication with local authorities is crucial for businesses seeking assistance with procedures and permits. This efficient approach enables companies to address operational challenges promptly. He also emphasized the significance of robust infrastructure, which plays a pivotal role in facilitating business activities.
In the pursuit of successful investment ventures, Mr. Fluit stressed the importance of collaboration between investment enterprises and local companies in the supply chain. Establishing strong relationships with farmers, for instance, was cited as a crucial aspect of this collaboration.
Factors such as access to renewable energy sources like solar and wind power were highlighted as key considerations for European companies aligning their operations with environmentally friendly practices.
To watch Mr. Fluit's insights firsthand, viewers can access his appearance by clicking the button below and skipping to 4:47 and 8:20. |
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EuroCham Board Member Stuart Livesey discusses potential opportunities in vietnam's renewable energy sector and the importance of action plans |
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EuroCham Board Member Stuart Livesey recently appeared on VTV4, where he discussed the approval of PDP (Power Development Plan) VIII in a segment dedicated to this topic. Mr. Livesey's insightful comments shed light on the potential opportunities and considerations associated with the plan.
During his appearance, Mr. Livesey highlighted the specific goals outlined in PDP VIII, which are expected to create numerous opportunities for developers and renewable energy suppliers interested in investing their time and resources in Vietnam. He emphasized the importance of seizing these opportunities to establish thriving businesses within the country.
Vietnam must consider the global and regional emphasis on renewable energy development, according to Mr. Livesey. With the world's growing focus on clean and sustainable energy sources, Vietnam has the opportunity to become a major player in the renewable energy supply chain. However,Mr. Livesey stressed the need for the government to prioritize the creation and execution of a clear action plan to maximize this potential.
To watch his appearance on VTV4, readers can click the button below and skip to the timestamp 6:25. |
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Join our dynamic team and unlock your career potential - apply now for our exciting open position: |
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Don't miss out on being part of EuroCham's milestone 25th anniversary! Connect with industry leaders, access exclusive benefits, and enhance your presence in Vietnam. Together, let's soar to greater heights. Don't miss out - join us today! Contact our Membership Team if you have any questions: |
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