Netherlands-Vietnam Chamber of Commerce (NVCC)

Events December 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.

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Or click here for the registration form.