Netherlands-Vietnam Chamber of Commerce (NVCC)

Events 2020

PM Phuc: Viet Nam attaches importance to multifaceted cooperation with the Netherlands

Source: VGP

08:52 | 01/12/2020

Prime Minister Nguyen Xuan Phuc has affirmed that Viet Nam always attaches importance to strengthening its friendly relations and multifaceted cooperation with the Netherlands, during his phone talks with his Dutch counterpart Mark Rutte on November 30.

 Prime Minister Nguyen Xuan Phuc holds phone talks with his Dutch counterpart Mark Rutte on November 30 – Photo: VGP

He called for the Netherlands’ continued support in the implementation of the agricultural transition plan in the Mekong Delta during 2020-2023 and relevant cooperation programs in the region.

The Netherlands is one of Viet Nam’s leading partners in the areas of climate change adaptation and sustainable agricultural development, said PM Phuc.

The Vietnamese Government chief expressed his appreciation for the Dutch Government’s provision of an aid package worth €2 million for flood victims in central Viet Nam, asserting that the two countries would continue to work closely and effectively carry out cooperation programs within the framework of their strategic partnership in climate change adaption, water management, and natural disaster risk mitigation.

On the occasion, PM Phuc briefed his Dutch counterpart on the outcomes of the 37th ASEAN Summit and related summits.

He welcomed the Netherlands’ proposal to join the Treaty of Amity and Cooperation in Southeast Asia (TAC), regarding it as an important basis for further enhancement of the ASEAN-Netherlands and ASEAN-EU collaboration.

In response, PM Mark Rutte applauded Viet Nam’s Covid-19 containment measures and efforts.

The two PM showed their delights at the robust growth of the Viet Nam-Netherlands comprehensive partnership, which was established during PM Rutte’s visit to Viet Nam in 2019. Notably, despite suffering the impact of the Covid-19 pandemic, two-way trade has reported a year-on-year increase of 2% to US$6.2 billion.

They expressed satisfaction with the development of the comprehensive partnership across multiple fields such as politics-diplomacy, economy, and collaboration in agriculture and climate change adaptation.

The two hoped that the EU-Viet Nam Free Trade Agreement (EVFTA) which came into force in August this year, would serve as the driving force and offer plenty of opportunities for expanding cooperation between Vietnamese and Dutch enterprises.

PM Phuc expressed his wish to soon welcome PM Mark Rutte to visit Viet Nam again in the near future./.

By Vien Nhu

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Japanese M&A set for post-pandemic surge in Vietnam

Source: VNE


Greater recognition of Vietnam’s potentials could see a surge in post-pandemic mergers and acquisitions (M&A) by Japanese firms.

Globally, the country ranked fifth in the number of M&A deals involving Japanese companies (21) in the first 10 months this year, Masataka Sam Yoshida, senior managing director of Japan’s M&A consulting firm RECOF Corporation, said at a forum recently.

The figure puts Vietnam second in Southeast Asia behind Singapore, he said, adding that in terms of growth rate in the number of Japanese deals in recent years, Vietnam could compete with the U.K.

While the 21 deals represent a 25 percent fall year-on-year due to Covid-19 impacts, the drop is still lower than the global reduction of 33 percent in M&A deals involving Japanese companies, he said.

“Japanese investors have shown great interest in Vietnam even during the pandemic. The slowdown in investment is only temporary and the M&A scene will be vibrant again once travel restrictions are lifted,” Yoshida said.

In Southeast Asia, Thailand has around 5,500 Japanese companies, while Vietnam has 2,000, showing that it is somewhat late to invest in the former while there is still room for new players in the latter, he added.

Most sectors in Japan have seen development reaching its full potential, and this is why investors are looking for other growing markets, he said.

An abundant capital accumulation of over $2.34 trillion by Japanese companies in the last 20 years is encouraging investors to conduct M&A deals globally. The number of such deals hit a record high of over 4,000 last year, Yoshida said.

Last year, the number of deals involving Japanese companies in Vietnam was 33 with a total value of $389 million, with the latter figure up 2.8 times from 2017.

According to an official list released by the Japan External Trade Organization (Jetro) in July, 15 out of 30 Japanese firms the Japanese government has helped move out of China to Southeast Asia have opted for Vietnam.

Jetro said the subsidies would range from $900,000 to $46.5 million and partly cover the moving expenses.

A survey of 631 Japanese companies in June showed 80 percent expressed hope that the Vietnamese government would soon resume flights between the two countries, and 90 percent wanted the government to lift travel restrictions as soon as possible.

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Meet the Ambassador

Member’s Only Webinar on 11 December, 09:30 – 10:30 hrs

The Netherlands Vietnam Chamber of Commerce invites its for members to attend a webinar with H.E. Pham Viet Anh, Ambassador Extraordinary and Plenipotentiairy of the Socialist Republic of Vietnam to the Kingdom of the Netherlands on Friday 11 December from 09:30 – 10:30 hrs. 

During the webinar, Mr Pham Viet Anh will give a speech on the relations between Vietnam and the Netherlands and he has agreed to answer questions from the participants. 

Please register via the link below. We look forward to welcoming you in the webinar on 11 December.

The Netherlands Vietnam Chamber of Commerce invites its for members to attend a webinar with H.E. Pham Viet Anh, Ambassador Extraordinary and Plenipotentiairy of the Socialist Republic of Vietnam to the Kingdom of the Netherlands on Friday 11 December from 09:30 – 10:30 hrs. 

During the webinar, Mr Pham Viet Anh will give a speech on the relations between Vietnam and the Netherlands and he has agreed to answer questions from the participants. 

Please register via the QR code below. We look forward to welcoming you in the webinar on 11 December.

QR Code for JotForm form

Or click here for the registration form.

Vietnam’s economy weathers the COVID-19 storm — good policy or luck?

Source: Suiwah Leung, ANU , East Asia Forum, 6 October 2020

Vietnam’s economy and people are often described as ‘resilient’. Nowhere is this more befitting than in relation to the COVID-19 pandemic. After successfully tackling COVID-19, Vietnam still recorded 1.8 per cent GDP growth during the first half of 2020 despite negative growth in most parts of the world.

According to the World Bank’s July 2020 Taking Stock report, Vietnam’s recent economic performance is a result of its twin engines of growth — export demand and domestic consumption — firing sequentially during the first two quarters of 2020.

To read the full article, click here.

Vietnam continues its miracle through higher education

Source: James Borton, Modern Diplomacy, 13 October 2020

Vietnam’s declaration to open up,in mid-June 2020 was hailed around the world as a model in the fight against the Covid 19 pandemic. For Mali student, Aolama Mallé and his classmates, the announcement was more than good. They are students of the International Francophone Institute (IFI), a member of Vietnam National University, the largest higher education system in the country. As universities re-opened, they could now return to the traditional face-to-face classroom learning with professors and friends since all were weary from boring e-learning and the draconian pandemic control measures imposed by the government.

to read the full article, click here

Vietnam: ASEAN’s New De Facto Leader?

Source: Try Ananto Wicaksono, The Asian Post, 17 October 2020

Vietnam, as the current Chair of the Association of Southeast Asian Nations (ASEAN) for 2020, has been actively involved with the association since 1995 when it joined the bloc with the aim of bringing all Southeast Asian countries together to promote regional peace, freedom, and prosperity. 

Vietnam has been making great strides in projecting itself as an effective leader, particularly with its proactive governance in handling the COVID-19 pandemic, climate change policy, and for its political stability. There has been recent speculation regarding Vietnam taking-up the role as new de facto leader of ASEAN. 

To read the full article, click here

VEIL: Covid confirms Vietnam as manufacturing power

Source: Investment trust Insider, 14 Oct 2020

Vietnam has continued to strengthen its presence in Asian manufacturing this year, suggesting increasing interest in ‘reshoring’ presents little threat to the country’s frenetic growth, Dragon Capital’s Dominic Scriven has said.

The coronavirus pandemic has focused executives on supply chain security, a theme that had already been nurtured by the ongoing US-China trade war, opening up the possibility of more manufacturing moving back to western economies.

The founder of Dragon Capital, which runs £983m investment trust Vietnam Enterprise Investments (VEIL), was clear that Vietnam’s prospects would be damaged if globalisation reversed. The trust enjoyed its 25-year anniversary last month, making the managers one of the oldest and largest foreign investors in the country, having set up shop after former US President Bill Clinton lifted US trade embargo in 1994.  

to read the full article, click here.

Why hybrid grouper could catch on with Vietnam’s fish farmers

Source: the Fish Site

Fish farmers across Vietnam have begun producing hybrid grouper, saying that the species’ high growth rate and favourable market price make it a profitable alternative to shrimp farming.

A new research article published in the journal Aquaculture highlights the emergence and mini boom of Vietnam’s hybrid grouper industry. Though relatively new to commercial aquaculture, hybrid grouper farmers report that the fish is one of the most valuable commodities they produce, generating more profit for farmers than other mainstays of Vietnamese aquaculture like carp or cobia. For grow-out operations, producers report that hybrid groupers have generated more total farm income than any other species they farm. This trend held for farms across all income levels.

More here

Vietnam creates new nature reserve, possible home to elusive ‘Asian unicorn’

A view over the area that is now Khe Nuoc Trong Nature Reserve and the nearby Bac Huong Hoa Nature Reserve, photographed in 2017. Image by Viet Nature Conservation Centre/Pham Tuan Anh.

Source: Mandabay

  • Conservationists have hailed the establishment of the new Dong Chau-Khe Nuoc Trong Nature Reserve as a major step for the protection of Vietnam’s wildlife.
  • The new reserve is home to a number of threatened species, including two species of muntjac deer (Muntiacus vuquangensis and M. truongsonensis), the Annamite striped rabbit (Nesolagus timminsi), the Sunda pangolin (Manis javanica), the southern white-cheeked gibbon (Nomascus siki), the red-shanked douc langur (Pygathrix nemaeus), and the crested argus (Rheinardia ocellata), which resembles a peacock.
  • Conservationists debate whether it may also shelter the saola (Pseudoryx nghetinhensis), a mysterious antelope-like bovine so rare it has been called the “Asian unicorn.”
  • Critical threats such as poaching and deforestation remain, however, and conservationists say enforcement of new protective measures will be key to the reserve’s success.

More here