HANOI: French business news outlet Objectif Eco reports that economic relations between Vietnam and Europe are entering a new phase of development.
It said beyond expanding trade there was a shift towards investment, innovation, the green transition and the development of resilient supply chains.
According to the French publication, Vietnam is no longer viewed by European companies merely as an export destination or an alternative manufacturing base in Asia.
Supported by strong economic growth, a market of more than 100 million people, a rapidly expanding middle class and deepening international integration, Vietnam is emerging as both a strategic market and a major manufacturing hub in South-East Asia.
Meanwhile, many Vietnamese businesses now regard Europe as a key market for expanding their commercial operations, increasing investment and integrating more deeply into global value chains.
The article cited data showing that Vietnam continued to rank among South-East Asia’s fastest-growing economies. — Viet Nam News/ANN
