Representatives of Nghe An province leaders work with the European Chamber of Commerce EuroCham

Also attending were leaders of the departments and branches: Foreign Affairs, Industry and Trade, Southeast Economic Zone Management Board, Investment Promotion Center, Trade and Tourism, and enterprises operating in industrial park infrastructure in the area: WHA, VSIP, Hoang Thinh Dat. Attending the meeting were representatives of the Department of Foreign Affairs, Ministry of Foreign Affairs. On the EuroCham side, there were Chairman of the Association Alain Cany, CEO Delphine Rousselet and members of the EuroCham Executive Board.

Nghe An province delegation works with the European Chamber of Commerce in Vietnam (EuroCham). Photo: Phan Tu

Speaking at the meeting, Comrade Bui Dinh Long highly appreciated EuroCham's initiative to organize the 2022 Green Economy Summit and Exhibition. In its sustainable development strategy, Nghe An province always aims for a green economy, including attracting green and environmentally friendly investment projects.

Currently, Nghe An has 113 FDI projects from 14 countries/territories, with a total registered investment capital of more than 2.535 billion USD. European investors have advantages in technology, actively contributing to technology transfer, creating a number of new industries, occupations and new products with high technology content, creating more new jobs, but in Nghe An there are only 2 projects of EU investors with a total investment of more than 17 million USD.

Nghe An province wishes to increase investment attraction from the EU, and requests EuroCham to support introducing European investors to study and explore investment cooperation opportunities in the locality.

Eurocham Chairman Alain Cany was delighted to welcome the delegation from Nghe An province to attend the GEFE 2022 Green Economy Forum and Exhibition and work with EuroCham. The EU market is a potential, high-quality but demanding market, Nghe An province needs to prepare carefully if it wants to penetrate this market. Agriculture, tourism and electronics are the areas in which Nghe An province has strengths and the EU has demand.

Nghe An provincial leaders present gifts to the European Chamber of Commerce (EuroCham) in Vietnam. Photo: Phan Tu

Mr. Alain Cany suggested that Nghe An province pay attention to developing transport infrastructure, energy infrastructure, training quality human resources... The EU plans to organize a delegation of Executive Board leaders and businesses to work and survey investment in Nghe An province in March or April 2023.

Speaking at the meeting, Acting Director of the Department of Foreign Affairs Nguyen Nhu Hieu said: The Ministry of Foreign Affairs always supports and accompanies localities in implementing foreign economic activities, including Nghe An province. Nghe An is a potential market for EU investors seeking cooperation opportunities. Comrade Nguyen Nhu Hieu suggested that each side appoint a contact point to connect and exchange information and make recommendations in writing. The Department of Foreign Affairs is committed to supporting EuroCham and Nghe An province in implementing cooperation activities.