Viet Nam has emerged as the most attractive destination in ASEAN for European businesses planning expansion, with nearly two thirds of surveyed firms intending to expand operations in the country over the next five years, according to the EU-ASEAN Business Council’s 12th Business Sentiment Survey released recently.

Prime Minister Pham Minh Chinh has reaffirmed Viet Nam’s openness to Swiss and European enterprises, encouraging greater investment in high-tech and high value-added projects linked with technology transfer, as well as deeper cooperation in green and digital transformation, renewable energy, the marine economy, green finance and tourism.

The European Union (EU) has unveiled detailed measures to protect farmers across the bloc, aiming to ease concerns over its trade agreement with the four South American nations of the MERCOSUR group.

Despite global market turbulence and some delays in domestic reforms, European businesses continue to express strong confidence in Viet Nam’s long-term economic prospects, according to the latest Business Confidence Index (BCI) report released by the European Chamber of Commerce in Viet Nam (EuroCham) on June 30.