The event was attended by representatives of diplomatic agencies of EU member states in Vietnam, representatives of the European Union Delegation to Vietnam; representatives of a number of Vietnamese ministries and branches, European businesses in Vietnam...
Mr. Bruno Jaspaert - New Chairman of EuroCham speaks
Given the severe impacts of the recent weather situation - typically the devastating devastation of super typhoon Yagi and flash floods and landslides caused by the strongest storm in the East Sea in 3 decades - GEFE 2024 is held at an extremely important time. At the press conference announcing GEFE 2024, Mr. Bruno Jaspaert - New Chairman of EuroCham - shared that the storm has caused widespread damage in 26 provinces and cities, not only in terms of material but also in terms of spirit with a high number of casualties, reminding us that climate change is no longer a distant threat but an urgent crisis that requires immediate joint action. The Green Economy Forum and Exhibition (GEFE 2024) will be an important platform to promote dialogue between government leaders, businesses and international organizations to deal with the urgent realities of climate change. At the same time, GEFE is also a meeting place for European companies to introduce their most advanced solutions, helping Vietnam develop more sustainably in the future.
Following the commitments of the Prime Minister of Vietnam at the COP 26 Conference, the National Growth Strategy for the 2021-2030 period with a vision to 2050 was approved with goals such as: reducing greenhouse gas emissions intensity per GDP, greening economic sectors, greening sustainable lifestyles and consumption, improving quality of life and ability to respond to climate change.
Mr. Vu Ba Phu - Director of the Trade Promotion Agency spoke
Speaking at the press conference, Mr. Vu Ba Phu - Director of the Trade Promotion Agency - said that on June 11, 2024, the Prime Minister agreed in principle, allowing the Ministry of Industry and Trade and the European Business Association in Vietnam to co-chair and organize the Green Economy Forum and Exhibition in 2024 to strengthen connectivity, promote investment and trade cooperation between Europe and Vietnam, and this is also a practical activity in the process of effectively implementing the National Growth Strategy for the period 2021 - 2030 that has been set out.
Immediately after receiving the Prime Minister's direction, the leaders of the Ministry of Industry and Trade assigned the Trade Promotion Agency to closely coordinate with EuroCham and relevant agencies and units to develop a plan and seek opinions from units under the Ministry to effectively deploy preparations for the organization of the Green Economy Forum and Exhibition in 2024.
The Ministry of Industry and Trade (the focal point is the Vietnam Trade Promotion Agency) and the European Chamber of Commerce in Vietnam (EuroCham) co-chair and organize the Green Economy Forum and Exhibition 2024 (GEFE 2024) at ThiskyHall, Ho Chi Minh City from October 21 to 23, 2024. This event aims to promote Vietnam - EU sustainable development cooperation through comprehensive dialogue sessions, investment coordination, economic exhibitions, knowledge sharing and technology transfer.
The main objective of GEFE 2024 is to support Vietnam in achieving its COP26 commitments and completing the socio-economic development goals outlined in the National Green Growth Strategy for the period 2021-2030. The event will also feature experts, innovation researchers, businesses, students and policy makers from Europe, Vietnam and the Southeast Asia region in discussion sessions, exhibitions and business-to-business (B2B) and business-to-Government dialogues during the 3-day event series.
A high-level plenary session will take place on the first day of GEFE 2024, with the participation of senior representatives of the Vietnamese and European governments as well as businesses to discuss sustainable development policies, national energy plans, climate risk management. In addition, representatives of the United Nations, EU Member States, diplomatic and trade promotion officials, and international organizations have confirmed their attendance at the event.
Within the framework of the Green Economy Forum and Exhibition in 2024, the Trade Promotion Agency, Ministry of Industry and Trade will organize the Vietnam Pavilion with the participation of 24 multi-industry enterprises of Vietnam to introduce and display advanced technologies, high-quality products, initiatives and models of green economy, circular economy, and sustainable production solutions of enterprises. In addition, to support Vietnamese enterprises to directly access leading European corporations and enterprises in various fields, the Ministry of Industry and Trade will organize a Business-to-Business (B2B) Conference between Vietnamese and European enterprises. This is considered a very good opportunity to strengthen cooperation between the European and Vietnamese business communities, contributing to promoting a green and sustainable Vietnamese economy through sharing initiatives, ideas and technology transfer.
Mr. Vu Ba Phu said that up to now, the Trade Promotion Agency has received many business registrations to participate in events within the framework of the Green Economy Forum and Exhibition in 2024. Therefore, it can be said that the preparations for the Green Economy Forum and Exhibition in 2024 have been actively implemented by the Ministry of Industry and Trade and EuroCham and have achieved the set goals. " The Green Economy Forum and Exhibition in 2024 will become a meaningful event and an important part in implementing sustainable development initiatives in accordance with the bilateral agreement between Vietnam and the EU, contributing to the implementation of Vietnam's National Strategy on Green Growth " - Mr. Vu Ba Phu believes.
Vietnam and the European Union established diplomatic relations in 1990. After more than 30 years since the establishment of diplomatic relations, Vietnam-EU relations have developed rapidly in both breadth and depth; firmly in the fields of politics, economics, trade, investment, development cooperation, as well as education, science and technology...
Vietnam possesses many favorable factors, in line with the EU's driving forces and is one of the EU's top choices in developing relations with ASEAN and East Asia. The comprehensive cooperation relationship between Vietnam and the EU has continuously developed well over the past 30 years: Bilateral trade turnover achieved impressive growth rates even during the crisis period, trade in goods increased more than 4 times, trade in services increased more than 2 times; in the first 6 months of 2024, the EU was Vietnam's second largest export market (after the United States), a leading investor, present in all important economic sectors of Vietnam. Regarding development cooperation, EU countries have provided Vietnam with many ODA aid packages, most of which are non-refundable aid to implement many important projects in health, industry, agriculture, environmental protection, clean water supply, administrative reform support, hunger eradication and poverty reduction, culture, education and training, etc.
Trade relations are considered an important premise to promote political cooperation and cooperation activities between the EU and Vietnam on the basis of mutual benefit. Before the signing of the EVFTA, Vietnam - EU relations were still on the rise, with two-way trade between Vietnam and the EU showing an increasing trend. As of August 2024, the EU is Vietnam's fourth largest trading partner, while Vietnam is the EU's largest trading partner in ASEAN.
Two-way trade between Vietnam and the EU continues to recover and grow strongly. According to statistics from the General Department of Vietnam Customs, in the first 6 months of 2024, exports from Vietnam to the EU reached 24.7 billion USD, up 15.3% over the same period last year. At the same time, Vietnam's imports from the EU in the first 6 months of 2024 reached 7.7 billion USD, up 8.5% over the same period in 2023.
After 4 years since the Vietnam - EU Free Trade Agreement (EVFTA) took effect (August 1, 2020 - August 1, 2024), the proportion of Vietnam's exports to the EU market has increased and Vietnam has become the country with the largest market share compared to other ASEAN countries exporting to the EU. EVFTA helps more EU importers know about Vietnamese suppliers. The tariff reduction incentives under EVFTA also contribute significantly to helping Vietnam improve its competitiveness and expand its market share in the EU; at the same time, it has access to high-quality goods from the EU.
Regarding investment cooperation, with a strong commitment to ensuring transparency, openness and convenience in the investment business environment, Vietnam has received high-quality investment from the EU with projects using advanced technology, creating common values and benefits for the business communities of both sides. At the same time, the EVFTA has promoted and motivated EU investors to access and expand investment in Vietnam, contributing to bringing the EU to the 6th position among the largest FDI investors in Vietnam with 2,450 projects, total investment capital of more than 28 billion euros. In the context of the global FDI trend, the EU still believes in Vietnam's potential and invested more than 800 million euros in Vietnam in 2023. The Netherlands, France, Luxembourg, Germany, Denmark, and Belgium are the 6 leading EU investors in Vietnam, respectively.
Source: https://moit.gov.vn/tin-tuc/xuc-tien-thuong-mai/dien-dan-va-trien-lam-kinh-te-xanh-2024-tang-cuong-hop-tac-giua-doanh-nghiep-chau-au-va-viet-nam-thuc-day-kinh-te-xanh-b.html
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