The statement was made by Michael Behrens, Chairman of the European Chamber of Commerce in Vietnam (EuroCham), at a conference on the 2017 Whitebook in Hanoi on March 2.
The Whitebook, annually published by EuroCham, provides a concise view of key concerns affecting European businesses in Vietnam in regards to trade, investment, growth and employment. This is the 9th edition of EuroCham’s annual advocacy publication on trade and investment.
Parts of this year’s Whitebook were dedicated to the EVFTA, its implementation and its impact on business. Behrens said the first estimates of EVFTA’s impact show clear gains for Vietnam’s growth and welfare, as well as for overall trade between the EU and Vietnam.
The country will be the bridge linking more than 500 million people in Southeast Asia and more than 500 million Europeans - "a fantastic prospect", Behrens said.
Attending the event, Deputy Minister of Industry and Trade Hoang Quoc Vuong said the Whitebook was an effective tool for the Ministry of Industry and Trade (MoIT) to review policies and devise better solutions to improve the efficiency of management systems.
Vuong said the European Union is one of Vietnam’s most important trading partners, adding that in 2016, the EU was Vietnam’s second largest exporter with a total export turnover of nearly US$34 billion, accounting for over 19 percent of the country’s total export turnover.
In the context of the upcoming bilateral trade treaty, expected to be implemented in 2018, MoIT will endeavor to enhance internal resources and improve the business environment, meeting the legitimate needs of local and European firms operating in Vietnam.
Attractive FDI destination
According to the Whitebook, with the expansion of market access for foreign investors, Vietnam is expected to witness a strong wave of foreign direct investment (FDI).
In addition to the numerous legal changes it has made in accordance with the treaty, Vietnam has fundamental elements that contribute to its continued growth.
Vietnam is in a demographic golden age, with 25 percent of its 90 million population between 10 and 24 years old. GDP per capita is increasing dramatically and Vietnam has the fastest-growing middle class in Southeast Asia (12.9 percent per annum over the period 2012-2020).
With its high literacy rate and education levels, comparatively low wages, connectivity and a central location within ASEAN, more and more foreign investors are choosing Vietnam as their hub to service the Mekong region and beyond, the book said.
Vietnam’s attractive profile is reflected in its welcoming approach to foreign direct investment (FDI) in manufacturing activities. The gradual opening of most service sectors under Vietnam’s World Trade Organisation (WTO) commitments schedule that began in 2007 was completed in 2015.
Domestic law has expanded market access in some sectors beyond those included in Vietnam’s WTO commitments. For example, foreign shareholding in public companies was previously capped at 49 percent but is now generally open for up to 100 percent foreign ownership.
Vietnam also grants investment incentives, including tax breaks, in areas such as high-tech, environmental technology, and agriculture, where European businesses are global leaders.
Source: VNA
(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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