On December 8th, the Embassy of Vietnam in the Netherlands, in collaboration with the Dutch Business Association in Vietnam (DBAV), organized the event “Meet Ambassador Ngô Hướng Nam” with the theme “EVFTA: Bilateral Trade Growth After 3 Years of Implementation of the Agreement and EVIPA: A Solid Foundation for Investment Cooperation Activities of Dutch Enterprises in Vietnam.”
The gathering was attended by Mr. Gabor Fluit, Chairman of the European Chamber of Commerce in Vietnam (EuroCham), regional representatives from the Ministry of Foreign Affairs, the Netherlands Enterprise Agency (RVO), Netherlands Business Support Center (NLinBusiness), Dutch Expertise Organization (PUM), and notably, representatives of over 50 Dutch enterprises currently operating and investing in Vietnam, as well as businesses seeking investment opportunities in Vietnam and Vietnamese enterprises investing in the Netherlands.
The event was organized to enhance dialogue and exchange between the Embassy and the business community of both countries. It provided an opportunity for businesses intending to invest in Vietnam to learn from the experiences and share opportunities presented by businesses already investing in Vietnam.
Summing up the cooperative relations in trade and investment between the two countries, the Ambassador highlighted the proud achievements after over 3 years of implementing the EVFTA. Bilateral trade between the two countries showed impressive growth (an average of 22% during the 2020-2022 period, with bilateral trade reaching USD 11.1 billion in 2022). The Netherlands became the second-largest trading partner and the largest investor of Vietnam in the EU (with a total registered capital of USD 14.3 billion and 432 ongoing projects).
Delegates in attendance Guests from Dutch ministries and sectors, as well as participating businesses, praised the leadership role of the Vietnamese government in the face of global and regional challenges over the past two years. Despite difficulties, Vietnam has maintained macroeconomic stability, promoted growth, controlled inflation, and continues to be regarded as a favorable business and investment environment for foreign investors, including those from the Netherlands.