From 23 to 25 March, European Commissioner for International Partnerships Jozef Síkela will visit Hanoi to increase EU's investments in Vietnam to create jobs and sustainable economic growth under the Global Gateway, according to a press release from the Delegation of the European Union to Vietnam. 

On this occasion, the Commissioner will participate in the EU-Vietnam Global Gateway Business and Investment Forum that will take place in Hanoi on 24 March.

The press release quoted Commissioner Síkela as introducing his mission: “Vietnam is an ambitious country with a fast-growing economy, a young population and enormous potential. Together, we want to create new economic opportunities for young people and build a more sustainable economy through investments in clean energy and modern transport. With Global Gateway, we are bringing European companies and investors to Vietnam to turn this ambition into concrete projects that create jobs and support the country’s clean transition.” 

During the EU-Vietnam Global Gateway Business and Investment Forum, the Commissioner, together with the European private sector, will announce new EU investments in Vietnam, the press release said, adding that the Business Forum will focus on clean energy and sustainable transport, Global Gateway priority areas in the country. These also support Vietnam’s efforts and commitments under the Just Energy Transition Partnership (JETP) that the EU co-leads.

The Forum aims to strengthen economic ties between Europe and Vietnam, and support Vietnam’s modernisation into a sustainable, digital economy, with strong long-term growth. It will bring together high-level EU and Vietnamese policymakers, private sector leaders, investors and other partners to create new avenues for trade and investment, showcase concrete projects, and build lasting business partnerships.

The visit will take place in a Team Europe approach: joined by the Vice-President of the European Investment Bank Nicola Beer, Commissioner Síkela will lead a delegation of European companies to explore investment opportunities with a focus on sustainable transport.

During his visit, the Commissioner will make several announcements and meet high-level government representatives.