Conference highlights investment opportunities for Belgian firms

Conference highlights investment opportunities for Belgian firms in Vietnam

Vietnam’s economic and trade development as well as the country’s advantages in attracting investment were introduced to Belgian enterprises at a conference in Belgium’s southern Mons city on May 10.
Conference highlights investment opportunities for Belgian firms in Vietnam ảnh 1Overview of the conference (Photo: VNA)
Brussels (VNA) – Vietnam’s economic and tradedevelopment as well as the country’s advantages in attracting investment were introducedto Belgian enterprises at a conference in Belgium’s southern Mons city on May10.

Participants at the event highlighted positive impacts ofthe Vietnam-EU free trade agreement (EVFTA) and proposed measures to expandimport-export activities between the two sides.

Nguyen Canh Cuong, Vietnamese Trade Counsellor in Belgiumnoted that Vietnam has maintained stable development with GDP growth of 6-8percent, while exports and imports rose 20-30 percent each year recently.

He stressed that abundant business opportunities are availablein many areas for potential investors, adding that the prospect is bright asthe Vietnamese Government is in the process to sign the EVFTA.

Meanwhile, Frauker Sommer who is in charge of EU’s bilateraltrade with Vietnam, introduced the EVFTA and gave her assessment on benefits intariff and import-export brought by the deal as well as comparative advantagesof each side and ways for businesses to expand their import-export activities.

She underlined that EVFTA is the best free trade agreementthat EU has reached with a developing country.

Speaking to Vietnam News Agency correspondent in Belgium,Hainaut province’s Governor Tommy Leclercq said that the province, the largestlocality in Belgium’s Wallonia French-speaking region, hopes to promote economicties with Vietnam in various areas, especially in import-export.

He said that following the conference, the province willhold a number of business seminars focusing on fields important to Vietnam andattractive to Belgian investors.

The governor also revealed that the province has plans to senda delegation to Vietnam in September or October this year to discuss cooperationpossibilities with potential partners.

General Director of Delaunoit group Jaques Delaunoit saidthat with the support of the European Commission, he has realized feasible investmentopportunities in Vietnam.

According to Chairman of the Belgium-Vietnam Chamber ofCommerce Huynh Trang Long, many Belgian businesses are keen on seekingpartnership with Vietnam for stronger economic ties.-VNA
VNA

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