CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / Opportunities
Belgian enterprises keen on Vietnam's market
Trung Kien 09:39, 2018/05/04
The Belgian Vietnamese Alliance (BVA) and the Flanders Investment and Trade (FIT) held a meeting on May 3 with a delegation of Belgian businesses ahead of the delegation’s visit to Vietnam from May 13-18 to explore cooperation opportunities.
The delegation of nearly 90 entrepreneurs from 65 Belgian enterprises, led by Minister-President of Flanders Geert Bourgeois, is scheduled to visit Vietnam as part of activities to celebrate the 45th founding anniversary of the two countries’ diplomatic ties.
 
Vietnamese Ambassador to Belgium Vu Anh Quang. Photo: TTXVN
Vietnamese Ambassador to Belgium Vu Anh Quang. Photo: TTXVN
Addressing the meeting, Vietnamese Ambassador to Belgium Vu Anh Quang praised the Flanders Minister-President for his efforts to develop the relations between Vietnam and the Flanders region in recent years.
He hoped the upcoming visit will help Vietnamese and Belgian businesses to understand more about each other’s potential as well as trade and investment cooperation opportunities.
The diplomat said the two nations are working to elevate the bilateral ties to strategic partnership in some specific fields. 
He added that the free trade agreement between EU and Vietnam, once signed and ratified, will open up numerous opportunities for Vietnamese and Belgian enterprises to strengthen connectivity and collaboration.
This will also help increase Belgium’s investment in Vietnam, particularly in the fields of shipbuilding, agriculture, high technology, and clean energy, contributing to promoting sustainable and green growth in Vietnam, the ambassador added.
For his part, Bourgeois hailed Vietnam’s strong development over the past 30 years with annual remarkable gross domestic product (GDP) growth of 6 - 7 percent. 
Vietnam holds a lot of potential for economic development, and in fact, the country has been successful not only in calling for foreign investment but also in reforming trade and administrative procedures, he said.
The Flanders leader added he has high expectations for Belgium-Vietnam partnership, adding that he hoped the two countries will work to improve trade balance in the coming time, citing the fact that the Flanders region exported 4.92 million EUR (5.8 million USD) worth of goods to Vietnam but imported 2 billion EUR from the market.
The reality shows that goods made in Belgium and Vietnam, especially farm produce, are not competitive but supplementary, enabling the two countries to boost cooperation in trade and investment, he added.
On the occasion of five-day visit to Vietnam, businesses from the Flanders region will hold meetings, promotions and field trips to promote their products and study cooperation opportunities with Vietnamese partners.
Comments
Other news
15:12, 2024/11/14
North-South high-speed railway to open up new economic opportunities
The government proposes a design speed of 350 km/h for the railway to ensure a modern, integrated, and forward-looking infrastructure appropriate to Vietnam’s geographical and economic conditions.
17:25, 2024/11/07
Prime Minister calls on China to pilot border economic cooperation zone
This economic cooperation zone is an initiative proposed by China and has been under negotiation with several countries, including Vietnam, since 2007.
17:29, 2024/07/23
State-owned corporations set to pilot offshore wind power projects
Private and foreign investors are currently not being considered for pilot projects due to unresolved legal and security issues.
06:12, 2024/07/17
AIIB ready to fund Hanoi’s urban railway projects
Hanoi expects the AIIB to assist with planning, implementation methods, and financing strategies to rapidly deploy metro projects.
15:33, 2024/07/02
S.Korea’s industrial conglomerates to expand investment activities in Vietnam
Prime Minister Pham Minh Chinh welcomed the proposals, which are consistent with Vietnam’s green growth strategy.
11:29, 2024/05/08
Intel boosts Vietnam’s semiconductor workforce for ambitious goals
Kim Huat Ooi, Vice President of Manufacturing, Supply Chain and Operations and General Manager of Intel Products Vietnam, spoke to The Hanoi Times about Vietnam's semiconductor ambitions and Intel's contribution to making the country a global manufacturing and R&D hub.