Vietnam - EU Cooperation Forum 2024 to be launched in HCM City

VOV| 31/10/2024 12:21

The European-American Market Department under the Ministry of Industry and Trade (MoIT) will host the "Vietnam-EU Cooperation Forum 2024” in Ho Chi Minh City next month.

The forum is viewed as a meaningful communication between governmental agencies and the business communities of both sides through policy dialogue, market information updates, and support for business partnership.

It will serve to bring together leaders from the MoIT, representatives of the EU Delegation to Vietnam, the European Chamber of Commerce in Vietnam (EuroCham Vietnam), experts, businesses, and representatives of various localities.

The forum will cover two parts, according to the event’s organising board. At the first session, EuroCham leaders will discuss co-operation opportunities in green and energy transition in the nation from a European business perspective, along with relevant market expectations.

This will be followed by a presentation given by the Energy Efficiency and Sustainable Development under the MoIT, focusing on Vietnamese policies and orientations for sustainable production, emission reduction, potential partnerships with the EU, and recommendations for businesses.

Representatives of localities will use the platform to highlight the priorities and strategies to attract EU investment in green and circular economy fields.

Furthermore, enterprises will discuss market demands in response to the EU's evolving green and sustainable development standards and the sourcing criteria for European firms.

According to the MoIT, the panel discussion will address topics such as navigating challenges posed by non-tariff barriers and trade protectionism, sharing notable cases and advice for businesses, EU trade defence policies, and practical support measures for business adaptation and response. It will also provide updates on key EU policy adjustments; a roadmap for implementing new EU regulations and standards on climate and the environment; as well as sustainable development such as the Carbon Border Adjustment Mechanism (CBAM), EU Deforestation Regulation (EUDR), the Corporate Sustainability Due Diligence Directive (CS3D), and the Ecodesign for Sustainable Products Regulation (ESPR) with insights on their impacts on trade and investment.

The forum will further evaluate business readiness and adaptability, offering essential guidance on compliance with new requirements, emission reduction practices, and environmental and social responsibility within business development strategies. Success stories, as well as opportunities to attract investment, technology transfer, and capacity-building projects from EU partners, will also be shared at the event.

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