Vietnam is still a good place for many investors to put their money

DNHN - Vietnam's economy has grown in all areas in the last few years, especially in trade. This is what Mr Axel Goethals, the Executive Director of the European Institute for Asia Studies (EIAS), and Mr Xavier Nuttin, an EIAS senior expert, have to say about it.

Experts from the EIAS Institute liked how stable Vietnam's government was and how fast its economy was growing in recent years, especially after the Covid-19 epidemic was stopped.

Mr Xavier Nuttin said that the European Union (EU) is currently the sixth largest investor in Vietnam and that Vietnam is also an important economic and trade partner of the EU.

He also said that Vietnam could be a market for raw materials and the sale of raw materials. Because of this, he said, it is important to focus on developing technology for processing agricultural products for export because the European market likes Vietnamese agricultural products.

European businesses like Vietnam because it has a lot of creative and talented people.

EIAS experts said that the EU-Vietnam Free Trade Agreement (EVFTA) is the main reason why the two countries are working together and investing more in each other.

The two groups also talked about how to improve cooperation between EIAS and research institutes and universities in Vietnam.

Mr Axel Goethals said that Vietnam is an important place for Europe in the Asia-Pacific region. In the current geopolitical situation, Vietnam's key role in the region and the Association of Southeast Asian Nations (ASEAN) is becoming more and more clear. This is because Vietnam has been building trust with many countries for a long time. Around the globe. This is what makes Vietnam a good partner, especially with the EU.

In terms of economic growth, Mr Axel Goethals said that Vietnam was also hit by the Covid-19 pandemic, but that the country's economy quickly recovered and is now on par with Europe. Small and medium-sized businesses (SMEs) are a big part of Vietnam's economic growth, so the country should pay attention to them. The economic and trade relationship with the EU is also driven by SMEs.

Axel Goethals said that Vietnam's economy will continue to grow strongly in the future and become a place where investors from all over the world want to put their money.

Lam Nghi (t/h)