Participation in the EU-Vietnam Free Trade Agreement (EVFTA) has also enabled Vietnamese farm produce to make inroads into the European market.
Belgium is Vietnam’s sixth-largest trade partner in the EU. Bilateral trade surged nearly 54% to 4.3 billion USD in 2021 compared to 2020, and reached 4.5 billion USD in 2022.
Notably, since 2018, Vietnam and Belgium have become strategic partners in agricultural cooperation, which was an important milestone in relations.
Besides agriculture, Belgium also wants to strengthen cooperation with Vietnam in fields such as tourism and healthcare.
In addition to economic success, political and diplomatic relations between the two countries have also been thriving thanks to frequent high-level visits. Vietnam and Belgium have also strengthened cooperation and mutual support at multilateral forums and in international organisations.
With a stable foundation over the past five decades, the friendship and cooperation between Vietnam and Belgium are expected to reach new heights in the future./.
