Netherlands-Vietnam Chamber of Commerce (NVCC)

NVCC Visit to Royal IHC Great Success

More than twenty members and guests of the Netherlands Vietnam Chamber of Commerce joined an interesting and sunny visit to the Royal IHC shipyards in Krimpen aan den IJssel and Kinderdijk on Friday 24th May 2019.

Chairman Joost Vrancken Peeters was delighted to welcome, as special guests of the Chamber, H.E. Ambassador Ngo Thi Hoa and Mr. Nguyen Hai Tinh, Commercial Counsellor of the Embassy of Vietnam.

At the Royal IHC shipyard in Krimpen aan den IJssel, the NVCC delegation was warmly received by Mr. Dingeman van Woerden, Area Sales Manager of Royal IHC.

After donning special safety vests, shoes and spectacles, the delegation made a tour around the yard, where, in a huge hall, the reel lay vessel SEVEN VEGA was nearing completion for the launch, one day later.

Click here to read more about the launch.

Click here to see a video of the launch

After the visit in Krimpen aan den IJssel, the delegation moved by watertaxi to the Royal IHC location in Kinderdijk. After lunch, Ambassador Ngo Thi Hoa updated the NVCC members and guests about the developments in Vietnam.

Mr Dingeman van Woerden gave a fascinating presentation about the history of Royal IHC and its current projects.

During the afternoon, the delegation was split up in two groups who toured the Kinderdijk wharf where, at present, the largest cutter suction dredger in the world, the Spartacus, is moored for final fittings.

Click here to see a video of the launch of the Spartacus.

In the training centre, Mme Ngo thi Hoa and others had the opportunity to try out the dredging simulator and ‘virtually’ deepened the River Maas in the Centre of Rotterdam.

to have a look at the photo album of the visit, click here.

Note about photo album: The NVCC cannot publish, due to legal restrictions, photos showing the Seven Vega and the Spartacus.

NVCC Chairman Meets Party Secretary Ho Chi Minh City

Center left Mr Vrancken Peeters; Center right Mr Nguyen Thien Nhan

The Hague, 19 May 2019.

The Chairman of the Netherlands Vietnam Chamber of Commerce, Mr Joost Vrancken Peeters, had a meeting on 19 May with the Party Secretary of Ho Chi Minh City, Mr Nguyen Thien Nhan. The Ambassador of the Socialist Republic of Vietnam, H.E. Madame Hoa, Economic Counsellor Mr Tinh and NVCC Board Member Hanh Do were also present at the meeting.

Key topic of the meeting: the importance of co-operation between Vietnamese and Dutch companies. Mr Nhan endorsed the importance of the role the NVCC plays in this co-operation.

Q1: FDI sector in Vietnam exports over US$ 41 bln


In Q1, FDI enterprises made an estimated export turnover of US$ 58.51 billion, representing a year-on-year rise of 4.7 pc, the Ministry of Industry and Trade (MoIT) reported.

Including crude oil, the FDI sector earned US$41.46 billion of export turnover, occupying 70.9pc of total export volume.

Overseas shipment of the processing and manufacturing industry grew 6.1pc in Q1, contributing 83.8pc of total export turnover.

Nine commodities earned over US$ 1 billion of export turnover of which seven gained over US$ 2 billion of export turnover.

The MoIT reported that in Q1, FDI enterprises engaged in 18 sectors especially the processing and manufacturing industry which absorbed US$ 8.4 billion, accounting for 77.7pc of total registered capital.

On the other hand, in Q1, the FDI sector imported US$ 33.89 billion of goods, up 6pc against the same period last year.

Hence, in the first three months, the sector ran a trade surplus of US$ 7.57 billion.



World Bank forecasts Vietnam’s economy to grow by 6.6 pct in 2019


The World Bank predicts Vietnam’s economic growth rate would reach 6.6 percent in 2019 in its Managing Headwinds report released on April 24.

For the medium term, the growth is projected to stay around 6.5 percent, due to the impact of current cyclical uptick dissipates, the report said, adding that poverty may decline further as labour market conditions remain favourable.The growth rate will be driven by credit tightening, slower private consumption and weaker external demand.

In its report, the World Bank advised Vietnam to stay ready to respond to changes in the global economy and to continue managing its macro-economy actively and carefully.

It forecasts growth in other developing countries in East Asia and the Pacific to soften to 6.0 percent in 2019 and 2020, down from 6.3 percent in 2018.


Friday 24 May, NVCC Visit to Royal IHC Shipyards in Krimpen a/d IJssel and Kinderdijk

The board of the NVCC and Royal IHC cordially invite you and/or colleagues, for an exciting visit on Friday 24th May to the shipyards and offices of Royal IHC in Krimpen aan den IJssel and Kinderdijk.

Few manufacturers of and service providers for vessels and equipment for specialist maritime service providers in the dredging, mining and offshore industries have the worldwide reputation and success of Royal IHC. This multinational company, with 3000 staff members and 39 locations around the world, has its head office in Kinderdijk, the Netherlands.

Royal IHC is offering a fantastic programme!



09.45 – 10.00                    Arrival at Royal IHC location Krimpen aan den IJssel – general parking place.

Coffee served in the Maas/IJssel meeting room with excellent view of ship under construction. Safety instructions!

10:15 hrs                            Start tour – Krimpen Shipyard

11.45 hrs                            Transfer by water taxi to Royal IHC location Kinderdijk

12.15 hrs                            Arrival in Kinderdijk, walk to yard.

12:30 hrs                           Word of welcome and thanks by NVCC Chairman Joost Vrancken Peeters (tbc)

Presentation by Dingeman van Woerden, Area Sales Manager, Royal IHC

Lunch Buffet

13.15 hrs                            Tour of the Shipyard and facility

Group Photo (tbc)

14:30 hrs                            Walk to the watertaxi

14:45 hrs                            Transfer by water taxi back to Krimpen aan den IJssel

15:15 hrs                            End of Programme



Important information:


  • Participation is free of charge to members and special guests of the NVCC.


  • Registrations are handled on a first-come-first-served basis. The maximum number of participants is 30. Please register before Friday 17 May.


  • Participants are urged to arrive on time (the traffic in the Rotterdam area can be congested).


  • Taking photographs is only allowed in designated areas. Please comply with all instructions given by royal IHC staff.


A route description and additional information will be sent to you after you have registered.



Pre-meet Handelsmissie Rutte en Borrel vanwege Tết, 21 februari

Past Event

Vol Huis bij Pre-meet Handelsmissie MP Rutte naar Vietnam


 Aansluitend Borrel vanwege Têt
21 februari Den Haag 

Ruim 70 personen namen deel aan de  “Pre-Meet” voor de handelsmissie met minister-president Rutte, Hans de Boer, minister Van Nieuwenhuizen en directeur-generaal Agro Sonnema naar Vietnam (7-12 april) en de aansluitende receptie ter gelegenheid van de start van het Vietnamees Nieuwjaar (Têt Nguyên Đán). De bijeenkomst werd georganiseerd door NLinBusiness, de Rijksdienst voor Ondernemend Nederland (, het Ministerie van Buitenlandse Zaken en de Netherlands Vietnam Chamber of Commerce (NVCC).

Vanuit Vietnam was Pauline Eizema, hoofd van de economische afdeling van de Nederlandse ambassade te Hanoi, aanwezig om te spreken over de kansen in Vietnam.

Wanneer:          Donderdag 21 februari, 15.30-18.00

Waar:                  New Babylon Meeting Center, Anna van Buerenplein 29, Den Haag


15.00-15.30 Inloop en registratie

15.30-15.40 Opening door Edo Offerhaus, Directeur NLinBusiness

15.40 -16.10: “Zaken doen in Vietnam” en “Programma handelsmissie” door Pauline Eizema, Hoofd van de economische afdeling van de Nederlandse ambassade in Vietnam en Karin Schipper, missiecoördinator RVO

16.10 – 16.25: “Het opzetten van een fabriek en duurzaam ondernemen in Vietnam” door Jeannine Butzelaar, CEO Clean Dye

16.25 – 16.40: “Zakencultuur Vietnam”, Erik Mattijssen, Directeur van Peja (S.E.A.) B.V. en vice-voorzitter van de NVCC

16.40 – 16.55  “Investeren in Vietnam, waar moet je aan denken?” Hanh Do, Directeur Vietnam Consult & Trading BV

17.00 – 18.30  Têt Borrel

Links naar de presentaties (voor zover beschikbaar) vindt u hieronder:

Cultuur van zaken doen in Vietnam E Mattijssen 201902

Vietnam Investments 201902 Hanh Do


Een link naar het fotoalbum vindt u hier.




Successfull Meeting with the Ambassador

8 November 2018, The Hague

The board of the Netherlands Vietnam Chamber of Commerce had the pleasure of receiving NVCC members and special guests at a special luncheon meeting with and hosted by H.E. Mme Ngo Thi Hoa, Ambassador Extraordinary and Plenipotentiary to the Netherlands on 8 November at the Embassy in The Hague.

During the luncheon, Mme Ngo answered questions from her guests on the developments in the Socialist Republic of Vietnam and the Vietnamese – Dutch relations.

Mr. Nguyen Hai Tinh, Commercial Counsellor of the Embassy, gave a briefing on the effects of the European- Vietnamese Free Trade Agreement.

All guests were treated to a great lunch with Vietnamese specialities.

A link to the Photo album can be found here.

Boost your trade with Vietnam

By: Mr. Joost Vrancken Peeters, Partner, Attorney, Kneppelhout Korthals Lawyers

What tariff benefits does your company enjoy from the EU-Vietnam FTA?

“We now look forward to the early signature of the agreements and to the possible ratification of the trade agreement.”

– Commissioner for Trade Cecilia Malmström and Vietnam’s Minister for Industry and Trade, Tran Tuan Anh

On 19 October 2018, the EU and Vietnam reconfirmed commitment to trade and investment agreements. After the conclusion of the legal work this summer, they are looking forward to the early signature of the agreements and to the possible ratification of the trade agreement.


Main TARIFF benefits

In general, almost all custom duties of both sides will be cut over a transitional period. As soon as the EU-Vietnam Free Trade Agreement (EVFTA) enters into force, 65% of EU exports to Vietnam will become duty-free while the remaining trade (with a few products excepted) will be progressively liberalised in 10 years. Meanwhile, EU will liberalise 71% of Vietnamese exports from day one and 99% will become duty-free after 7 years.

Figure 1. Tariff benefits for key EU exports products

For some specific sectors, eliminating customs duties does not result in automatic access to the market of the trade partner if the EU goods do not comply with relevant Vietnam’s rules. These non-tariff barriers will also be reduced as one of the main benefits of the agreement, which will not be addressed in this article.

The EVFTA will make a significant contribution to promoting the relationship between the EU and Vietnam in terms of bilateral trade. From the perspective of Vietnam, the current benefit of preferential access enjoyed through the Generalised Scheme of Preferences (GSP) is limited, since Vietnam had access only for products unilaterally defined by the EU and the EU may change the conditions at any time. As for the EU, although having granted the GSP to developing countries, it has no preferential access to Vietnam. Therefore, the implementation will provide both economics with mutual benefits.


EU exports

In contrast with the GSP which was granted by the EU to developing countries, the EVFTA will provide the EU with preferential access to Vietnam.

However, EU exports cannot practically benefit from the agreement to a full extent immediately after its entry into force. Unlike textile fabric, which will be fully liberalised at the entry into force of the agreement, most EU export products which are being allowed to enter Vietnam duty free will have a transition period of 3 to 10 years. The tariff schedule of Vietnam can be found here. Such long transition periods were set forth so that Vietnam, as a developing country, is allowed to adequately adapt to the increased competitive pressures from the EU.


Vietnamese exports

Under the GSP, only less than half of Vietnamese exports to the EU currently enjoy a zero-percent tax rate but this will increase after the implementation of the EVFTA. Pursuant to the standard GSP agreement, Vietnam will lose its status as a GSP beneficiary country since the EVFTA provides better tariff preferences.[1] In this case, Vietnamese operators then have two years, from the date of application of the EVFTA, to adapt to the change of their status.[2]

Thanks to the EVFTA, Vietnam will be allowed to maintain its free access to the EU market in the future, even if its economic situation no longer justifies the preferential treatment reserved under the GSP. Furthermore, Vietnam can benefit from both of these two deals during the post-GSP-two-year period. In particular, companies may choose the lower preferential rate between those provided under GSP and EVFTA (an example is shown below).

Figure 2. Yearly tax rate of two Vietnamese exports to the EU pursuant to the GSP and EVFTA[3]

However, this two-year adaptation period is still limited compared with the longer liberalisation phase provided by the EVFTA. According to this new deal, a maximum period of 7 years applies to some products which are sensitive for EU producers, particularly in the sectors of textile apparel and footwear. There is an uncertainty whether a better preferential rate may be enjoyed after the two-year adaptation of GSP. The tariff schedule of the EU can be found here. It is said the EVFTA would be one of the most ambitious trade agreement which aims to set a model  of promoting trades between EU and developing countries. Before the agreements enter into enforce, there is still time to make adjustments on your trading strategy to benefit from these deals to a largest extent.

For more information contact Joost Vrancken Peeters +31620210657 or, Anting Zhang +31634011860 or

[1] Article 4(1)(b), Regulation (EU) No. 978/2012.
[2] Paragraph 2, recital 9, Regulation (EU) No. 978/2012.
[3] The data on the base rate and GSP rate can be accessed through; the information on the EVFTA staging is provided in the ANNEX 2-A of the agreement.

Can your company benefit from the FTA’s with Vietnam that are expected in 2019?

Source: PWC

In this news alert we will elaborate on recent developments with respect to trade agreements between the EU and Vietnam.

EU – Vietnam

On 17 October 2018 the European Commission adopted the EU-Vietnam trade and investment agreements. Next steps will be the signature and conclusion of these agreements.


The EU-Vietnam trade agreement will ultimately eliminate over 99% of customs duties on goods traded between the two sides. Vietnam will remove 65% of import duties on EU exports as of the moment the agreement will enter into force, with the remainder of duties being gradually eliminated over a 10-year period. EU duties on imports from Vietnam will be eliminated from entering into force of the agreement or progressively over a 7-year period.

To be able to apply reduced import duty rates the products need to be of EU or Vietnamese preferential origin. Products can benefit from preferential tariff treatment of this agreement upon submission of an origin declaration or a EUR.1 certificate. In the future, the EU may move to a system of registered exporters (REX), which could stipulate that the use of an origin declaration or a EUR.1 certificate will be replaced by a statement on a commercial document.


Currently Vietnam has trade preferences with the EU under the Generalised Scheme of Preferences (GSP). Vietnam will be removed from the list of GSP beneficiary countries two years after the date that the EU-Vietnam FTA enters into force. From the moment of entry into force of this FTA, companies can benefit from both agreements for two years (e.g. if the rules of origin under the GSP are less strict than under the EU-Vietnam FTA, however likely the preferential rate under the FTA will be lower than under GSP).

Way forward

The Commission is now submitting the proposals for signature and conclusion of the agreements to the Council. Once authorised by the Council, the agreements will be signed and presented to the European Parliament for consent. After the European Parliament has given its consent, the trade agreement can be concluded by the Council and enter into force.

Take away

We advise companies to assess whether they have flows of goods that can benefit from one of these FTAs. Whether they have goods that qualify so that they can benefit from the reduced or removed import duty rates and whether they fulfill the formal criteria to issue origin declarations, EUR.1 certificates or origin statements.

Since it will take a couple of months before the agreements enter into force there is sufficient time if the goods do not yet comply, to make adjustments to the supply chain or sourcing in order to be able to benefit once the FTA’s will enter into force.

If you have any questions regarding on of these FTAs or require any assistance, please do not hesitate to contact Claudia Buysing Damsté ( / +31 (0)88 792 3811), Suzanne Bras ( / +31 (0)88 792 4267) or Stan Vullers ( +31 (0)88 792 1490).

Luncheon with the Ambassador, 8 November

The board of the Netherlands Vietnam Chamber of Commerce has the pleasure of inviting you to a special luncheon meeting with and hosted by H.E. Mme Ngo Thi Hoa, Ambassador Extraordinary and Plenipotentiary to the Netherlands.

During the luncheon, Mme Ngo will answer questions from her guests on the developments in the Socialist Republic of Vietnam and the Vietnamese – Dutch relations.

Mr. Nguyen Hai Tinh, Commercial Counsellor of the Embassy, will give a briefing on the effects of the European- Vietnamese

The meeting will be moderated by NVCC Chairman Mr. Joost Vrancken Peeters.

The number of seats at the luncheon is limited, priority will be given to members of the Netherlands Vietnam Chamber of Commerce.

Participation is free of charge.

Date: 8 November

Time: 11:00 – 13:15 hrs

Venue: Vietnamese Embassy, Javastraat 1, The Hague

Please register on or before Friday 2 November.