Vietnam-EU partnership promotes sustainable development

(VOVWORLD) - The Vietnam Chamber of Commerce and Industry (VCCI) held a forum on promoting the Vietnam-EU partnership and sustainable development in Ho Chi Minh City on Wednesday, aiming to bolster the cooperation between Vietnamese businesses and the EU market.
Vietnam-EU partnership promotes sustainable development - ảnh 1Forum on Vietnam-EU partnership and sustainable development in Ho Chi Minh City, August 21, 2024. Photo: VNA
VCCI Vice President Vo Tan Thanh said Vietnam is the only Southeast Asian nation that has established with a complete cooperation framework with the EU.

Since the EU-Vietnam Free Trade Agreement took effect in 2020, the EU has opened its market to Vietnamese goods and services at the highest level of openness compared to other countries in the region. However, the EU is a tough market with high technical standards and regulations for imported products, particularly green and sustainable development standards.

Thanh urged the EU to share information and experience with Vietnam and assist the nation in policy-making and building green, modern growth models. He called for EU support for Vietnam in infrastructure, human resources, technical assistance, and technology transfer to help the country meet international standards.

Jean Jacques Buouflet, Vice President of the European Chamber of Commerce in Vietnam (EuroCham), acknowledged Vietnam's efforts in building a policy framework for green growth and its strong commitments to sustainability. He cited the country's national green growth strategy, which aims for net-zero emissions by 2050.

EuroCham promises to support Vietnam in accelerating its green transition, particularly in renewable energy, green transport, and green finance, he said.

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