Belgian enterprises eye business expansion in Vietnam
Belgian enterprises expressed their interest in Vietnam’s economic prospects and business cooperation opportunities in the Southeast Asian country at a talk held in Brussels on April 22.
At the talk held in Brussels on April 22 (Photo: VNA)Brussels (VNA) – Belgian enterprises expressed their interest in Vietnam’s economic prospects and business cooperation opportunities in the Southeast Asian country at a talk held in Brussels on April 22.
At the event, which was jointly held by the Vietnamese Embassy in Belgium and Luxembourg, the Vietnamese delegation to the EU, the Flanders Investment and Trade (FIT), and the Belgian – Vietnamese Alliance (BVA), the firms highlighted advantages and challenges brought about by the EU – Vietnam Free Trade Agreement (EVFTA) and several trade deals that Vietnam has clinched.
Besides, they talked about Vietnam’s efforts to better its business climate, incentives for Belgian firms who land investment in Vietnam, as well as Vietnam’s entry procedures for Belgian experts and businesspeople during COVID-19.
Vietnamese Ambassador Vu Anh Quang updated the participants on the outcomes of the 13th National Party Congress, implementation of the EVFTA, and the Vietnam – Belgium trade ties.
He called on the Belgian businesses to help push for the ratification of the EU-Vietnam Investment Protection Agreement (EVIPA) in their country, helping better serve benefits of companies of both nations.
According to Duong Minh Tri, a representative from the BVA, there is an increasing number of Belgian firms wishing to invest in Vietnam, particularly after the EVFTA came into force.
Charles Vanderstraeten from DSV Solutions, which has already set up a branch in Vietnam, told Vietnam News Agency’s correspondent that the trade pact facilitates Belgian firms’ operation in Vietnam, adding his business will have more opportunities to develop in this Southeast Asian nation.
Meanwhile, Eric Franssen, trade and development director at John Cockerill, said that his firm is carrying out several energy and environment projects in Vietnam, and the company has had more chances to develop its business thanks to the EVFTA.
Belgium currently registers 1.1 billion USD in 78 projects in Vietnam, becoming the 23rd largest investor among 131 countries and territories landing investment in the nation. Most of the investments are in sea port, infrastructure, logistics, real estate, sewage treatment, processing and manufacturing, power generation and distribution, among others./.
You should also see
Millions of children in Vietnam protected by vaccination over 40 years: UN agencies
Millions of children in Vietnam have been protected by immunisation over the past 40 years, said the World Health Organisation (WHO) and UNICEF offices in Vietnam on April 25 when they mark the World Immunisation Week from April 24-30.
See more
Business
Vietnam-Singapore trade on the rise since start of 2024
Trade between Vietnam and Singapore topped 2.54 billion SGD (1.87 billion USD) in March, rising 4.29% year on year, according to the Trade Office of Vietnam in the city state.
Business
Petrol prices decrease slightly on April 25
The retail prices of petrol were adjusted down from 3pm on April 25 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
