Prime Minister Pham Minh Chinh has suggested that EU investors and businesses support Vietnam in promoting three main drivers for the country’s economic development: investment, exports, and consumption.

He made the suggestion while receiving a delegation from the EU-ASEAN Business Council and the European Chamber of Commerce in Vietnam on February 15.

The government leader proposed that the EU help Vietnam gain access to green and high-tech financial investment sources, meeting sustainable development needs in areas such as digital transformation, green transformation, the circular economy, infrastructure development, high-quality human resources training, and the diversification of markets, products, and supply chains.

The EU has become Vietnam’s fifth-largest trading partner and third-largest export market, while the country is the bloc’s largest trading partner in ASEAN.

Two-way trade came in at $62.4 billion in 2022, a year-on-year increase of 9.8 per cent.