EU prioritizes helping Vietnam’s digital economy development

09:46 | 17/12/2019 Cooperation

(VEN) - The EU will prioritize providing Vietnam with technologies and share experience to help the country develop its digital economy, said the EU’s newly-accredited Ambassador to Vietnam Giorgio Aliberti. He spoke at a press conference in Hanoi on November 12 after he officially assumed a four-year term of office in Vietnam.

eu prioritizes helping vietnams digital economy development
Many European businesses have been successful in Vietnam

The ambassador said he was glad to witness the strong development of EU-Vietnam cooperative ties in recent years. The EU attaches great importance to cooperation with Vietnam, he said, adding that the bilateral relations have been demonstrated through the recent signing of many important agreements. These include the EU-Vietnam Free Trade Agreement (EVFTA), the EU-Vietnam Investment Protection Agreement (IPA), and the defense cooperation agreement on the establishment of a framework for Vietnam’s participation in EU crisis management activities.

Aliberti said the new European Commission appointed after the 2019 European Parliament elections has set important priorities concerning the fight against climate change. The EU aspires to become a carbon neutral continent by 2050, and to take the lead on this issue. Therefore, the EU wants an active role in cooperation with Vietnam in this field.

“We have highly rated Vietnam’s efforts in the fight against climate change,” the new Ambassador stressed. In the area of environmental protection and sustainable development, the EU aims towards innovative and effective methods focusing on specific spheres, such as renewable energy and reducing the use of fossil fuel.

Another priority Aliberti presented for his tenure is support for Vietnam’s digital economy ambitions, which will benefit the community in the future. Vietnam has a surprisingly high gross domestic product (GDP) growth, and a better level of income than before.

The EU will provide support in terms of skill development, technology application and professional experience to develop Vietnam’s digital economy.

The first phase of support continues to focus on electrifying rural areas and improving public governance capacity. Giorgio Aliberti emphasized that the EU will create conditions for Vietnamese enterprises to expand their markets to Europe, so more Vietnamese products can be exported to this market.

The EU has become the fourth largest trade partner and the second largest export market of Vietnam, while ranking fifth among the largest foreign investors in Vietnam with 2,133 registered projects.

Nguyen Huong