EU supports Vietnamese business associations

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The European Union has launched a project to help business associations and their members build their capacity to provide assistance on EU-related trade issues.

The project begun Friday will deliver technical trade support to associations in the fields of leather and footwear, textile and apparel, wood, and seafood.

Associations of small medium-sized enterprises, young businesspeople and the Vietnam Chamber of Commerce and Industry are also parties to the project, which aims to help form policy recommendations based on experience. The goal is to encourage the government to cut down on unessential administrative procedures.

"Vietnam's growing integration into global supply chain and international markets will require strengthened capacities of government and business associations at central and decentralized levels," said the EU ambassador Sean Doyle.

The ambassador said some Vietnamese business associations were still lacking the means to provide advice on European trade rule s and policies and to inform their members about the implications of trade integration, free trade agreements and business opportunities.

"They also lack professionally trained staff and funds to carry out their own research agenda that could be addressed through small grants," he said.

As part of the Mutual Trade Assistance Program III or MUTRAP III, European Chamber of Commerce, or Eurocham, has been assigned by the EU to guide the project.

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