National Assembly (NA) Vice Chairman Phung Quoc Hien affirmed Vietnam’s willingness to give support to investors in the country during a reception in Hanoi on October 7 for Chairman of the EU – ASEAN Business Council Donald Kanak.

National Assembly (NA) Vice Chairman Phung Quoc Hien (R)
and Chairman of the EU – ASEAN Business Council Donald Kanak.

The NA Vice Chairman hailed the council’s role in boosting ties between ASEAN and EU businesses, and Vietnamese and EU enterprises in particular.

Two-way trade between Vietnam and the EU has grown steadily over the past years while both sides have also seen progress in socio-culture, environment, climate change response, and administrative reform, Hien told his guest.

Hien expressed joy at the growing ties between the Vietnamese NA and the European Parliament, and highly appreciated the Vietnam – EU Comprehensive Cooperative Partnership Agreement that entered into force in 2016.

He said he hopes that the two sides will soon adopt the deals, and asked the council to push for the early ratification by the European Parliament and the EU member parliaments.

Kanak, for his part, said he is accompanied by representatives from 26 EU businesses working in different areas, thus showing their commitment to doing business in Vietnam in the near future.

He also assured EU firms’ readiness to assist Vietnam in undertaking the role of ASEAN Chair by 2020.