The EVFTA has had a good impact on the attraction of investment and resources from the Netherlands into Vietnam. Ms. Vo Thi Ngoc Diep, Vietnam Trade Counsellor in the Netherlands shared more about this issue.

The EU’s largest investor in Vietnam

Interview: Can you tell us about the situation of attracting foreign direct investment (FDI) from the Netherlands into Vietnam? How does the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) affect the situation of attracting investment and resources from the Netherlands to Vietnam?

Ms. Vo Thi Ngoc Diep: In the first 5 months of 2023, the Netherlands has 11 newly granted projects, 08 capital adjustment projects with a total newly registered, adjusted and share purchase capital up to nearly 602 million USD. Accumulated by the end of May 2023, the Netherlands ranked 8th out of 143 countries and territories investing in Vietnam with a total registered investment capital of 14.112 billion USD with 426 valid projects.

In the EU, the Netherlands is the largest investor in Vietnam with diversified fields from industrial production, processing, manufacturing to design consulting services, logistics and trade.

In the opposite direction, Vietnam currently has 9 investment projects in the Netherlands with a total registered capital of 69.7 million USD, including: import and distribution of telecommunications equipment, cars, components; providing services related to electric vehicle batteries; E-commerce; Food service business; Import and export of agricultural and fishery products…

The EVFTA has had a good impact on the attraction of investment and resources from the Netherlands into Vietnam. For Dutch enterprises currently investing in Vietnam, especially those importing raw materials and auxiliary materials for production from EU countries and exporting finished products to this market, in addition to tax incentives brought by EVFTA,  goods originating from Vietnam are being “elevated” thanks to EVFTA.

In addition to the advantages of Vietnam’s investment environment or the trend of shifting supply chains outside China and to Southeast Asian countries, Vietnam is a plus point thanks to the EVFTA Agreement, thanks to the actual results of the implementation of the agreement over the past 3 years,  has contributed to attracting investment of Dutch businesses in the manufacturing sector, especially for the export of goods to the EU.