Business

The European Union (EU) and Vietnam will invest over €560 million in sustainable transport and clean energy to create jobs and boost sustainable economic growth while reducing pollution in Vietnam, in line with the EU Global Gateway strategy.

On the occasion of the EU-Vietnam Global Gateway Business and Investment Forum, H.E. Julien Guerrier, Ambassador of the EU to Vietnam, tells Ly Ha that Vietnam is a key partner in ASEAN and the recent upgrading of bilateral ties will open new opportunities in key sectors.

The upgrade of ties to a Comprehensive Strategic Partnership adds further momentum to a Vietnam - EU relationship already developing in a positive manner.

The talks take place as part of Prime Minister Pham Minh Chinh’s official visit to Russia between March 22-25, during which the two PMs witness the signing of an intergovernmental agreement on construction of the first nuclear power plant in Vietnam.

The plan seeking to ensure energy security while supplying sufficient electricity for economic growth.

The EU-Vietnam Global Gateway Business and Investment Forum will act as a platform to boost investment, strengthen partnerships, and bolster sustainable growth between the two sides.