The above information was announced by Ms. Hoang Tri Mai, General Director of Airbus Vietnam, at the Vietnam - EU Trade Forum 2023 "Sustainable Development - Destination in the journey of creating future value chains" , organized by the Ministry of Industry and Trade in coordination with the EU Business Association (EuroCham) on the afternoon of November 27 in Ho Chi Minh City.
According to Ms. Mai, Airbus’s standards are high and it is difficult to find suppliers. However, Airbus is determined to expand its supply chain and has shifted some supply branches to Vietnam in recent years. Suppliers must ensure sustainable development and reduce carbon emissions.
"In addition, the aviation industry is also converting to green energy. Meanwhile, rural areas in Vietnam have a lot of biomass fuel, which is very favorable for this conversion trend," said Ms. Mai.
Ms. Hoang Tri Mai, General Director of Airbus Vietnam, speaking at the forum
According to statistics, the EU is currently the 6th largest foreign investor in Vietnam with 2,540 projects, total registered capital worth 29.24 billion USD accumulated to October 2023, accounting for 6.4% of total registered FDI capital in Vietnam.
According to Mr. Ta Hoang Linh, Director of the Department of EU and Americas Markets - Ministry of Industry and Trade, with great advantages from the EU - Vietnam Free Trade Agreement (EVFTA) and the upcoming EU - Vietnam Investment Protection Agreement (EVIPA), Vietnam wishes to promote investment attraction, technology transfer, and support projects from EU partners to promote economic restructuring towards green and sustainability, including the use of clean energy and high-tech renewable energy.
This helps Vietnamese goods meet EU regulations, technical and environmental standards, and deeply participate in a complete, sustainable and mutually beneficial supply chain with the EU.
Mr. Gabor Fluit, Chairman of EuroCham, informed that in 2022, there were 146 new projects from the EU registered in Vietnam with a total capital of 15 billion USD, a significant increase compared to 13 billion USD in 2021.
A recent EuroCham Confidence Index survey of its members found that more than half plan to increase their investment in Vietnam by the end of 2023. This boom, particularly in high-tech manufacturing, highlights Vietnam’s effectiveness in attracting sustainable FDI, making it a strategic destination for businesses around the world.
(Source: Lao Dong Newspaper)
Source
Comment (0)