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EU's Borrell to discuss security, environment policy with Vietnam next week

European Union foreign policy primary Josep Borrell will check out Vietnam next week to discuss how to boost cooperation with the Southeast Asian country in areas consisting of security and sustainable advancement, the EU ambassador in Hanoi said.

Vietnam is a crucial trading partner for the European Union (EU), attracting the attention of global powers as it gain from shifts in multinationals' supply chains caused by growing tensions in between the United States and China.

In a check out planned for July 29-31, Borrell will talk about with Vietnamese authorities how to even more reinforce EU-Vietnam cooperation in essential areas for our mutual future sustainable development and security, EU ambassador Julien Guerrier informed .

The EU and Vietnam have a free trade contract in location considering that 2020, which has actually turned the Asian industrial hub into the EU's leading trading partner in Southeast Asia for items.

Several EU business have made essential investments in the country, consisting of Germany's engineering giant Bosch, Danish toymaker Lego, French pharmaceutical group Sanofi and Italy's motor bike producer Piaggio. Shoemaker Adidas has dozens of suppliers in Vietnam.

Hanoi has also signed a Just Energy Transition Collaboration with Western and Group of Seven (G7) nations, under which it is eligible to receive billions of dollars in EU funds to decrease its reliance on coal and boost renewables.

Nevertheless, departments stay on human rights and foreign policy. Vietnam's abstention from condemning Russia's military escalation in Ukraine is seen in some EU capitals as a position too near to Moscow.

Vietnam's post ponement in May of a see to Hanoi by the special envoy for the application of EU sanctions, David O'Sullivan, brought in explicit criticism from the EU, as it was viewed as a favour to Russia.

Borrell, who is simply at the end of his five-year tenure, will guarantee irritants are fixed, EU ambassador Guerrier said, keeping in mind O'Sullivan's go to is now planned for September.

Borrell will check out Vietnam after going to a meeting in Laos of foreign affairs ministers of the Association of Southeast Asian Nations (ASEAN).

Because September, Hanoi has hosted state visits from U.S. President Joe Biden, China's leader Xi Jinping and Russia's. President Vladimir Putin. No EU Commission President has gone to. Vietnam in 10 years, because Jose Manuel Barroso travelled to the. nation in August 2014.

(source: Reuters)