69% of EU firms in EuroCham study want to expand operations in Vietnam

11 Dec 22 1 min read

With half of the enterprises polled in a recent the European Chamber of Commerce (EuroCham) in Vietnam survey remaining optimistic about Vietnam’s economic recovery, European businesses are hopeful of expanding operations in Vietnam in a range of sectors. Sixty-nine per cent of those surveyed want to expand operations in the southeast Asian country.

Business confidence is expected to rise in the wake of the post-pandemic growth momentum, according to chairman of the chamber Alain Cany.

In particular, the environmental conservation sector is regarded as a high-potential investment, particularly in urban areas like Ho Chi Minh City, a Vietnamese newspaper reported.

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The HCM City Urban Environment Company Limited (CITENCO) recently sought approval for a waste-to-energy project in Cu Chi district. With a daily capacity of 1,000 tonnes, the project is aimed at helping the city reach its target of recycling and reusing 80 per cent of its garbage by 2025 and cent per cent by 2030.

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