VIETNAM ENCOURAGES EUROPEAN INVESTMENTS IN ENVIRONMENTALLY-FRIENDLY FIELDS

Vietnam is encouraging European enterprises to invest in environmentally-friendly fields in the country, Minister of Industry and Trade Nguyen Hong Dien has said.

Dien made the statement while addressing the conference named “In conversation at COP26 with the Prime Minister of Vietnam: Securing a prosperous and sustainable future through private investment”, held by the ministry and Standard Chartered Bank in Glasgow, Scotland on November 1.

The Ministry of Industry and Trade will promote the digital transformation process in all production and trade fields and pursue a sustainable development model, Dien said, adding that Vietnam will strive for cleaner and greener production, use energy more economically and efficiently, develop foundation industries and supporting industries more synchronously.

The Vietnamese official encouraged European businesses and investors to develop cooperation projects in line with Vietnam's practical needs and its industrial development strategy in the coming time.

After the event, Minister Dien had a working session with Jose Vinals, group chairman of Standard Chartered Bank, who stated that the bank is willing to invest more in Vietnam and considers it a leading potential market.

Dien expressed his hope that Standard Chartered will have more cooperation projects to help Vietnam build an effective digital transformation mechanism. He proposed the bank finance projects to develop industries, especially foundation and supporting industries, to help turn Vietnam into an important production base for supply chains of European enterprises as well as global supply chains.

Standard Chartered is one of the first five international banks to be present in Vietnam, officially operating in the country in 2009.

Source: VIR