Business

Belgian-Vietnamese Alliance to boost support for businesses

The Belgian-Vietnamese Alliance (BVA) launched itself as a chamber of commerce and industry for Belgium, Luxembourg and Vietnam on January 29.
Belgian-Vietnamese Alliance to boost support for businesses ảnh 1Vietnamese Ambassador to Belgium and Luxembourg and head of the Vietnamese Delegation to the EU Vu Anh Quang (standing) speaks at the debut event of the Belgian-Vietnamese Alliance on January 29 (Photo: VNA)

Brussels (VNA) – The Belgian-Vietnamese Alliance(BVA) launched itself as a chamber of commerce and industry for Belgium,Luxembourg and Vietnam on January 29.

It was recognised as a member of the Federationof Belgian Chambers of Commerce on January 1.

At the debut event in Brussels, BVA PresidentAndries Gryffroy said with its new functions, the entity will become atrustworthy partner of institutions and enterprises to develop an internationalbusiness network and offer useful links for legal, economic and investmentinformation.

Noting the alliance’s focuses in 2019, he saidit will continue helping businesses learn about the content, signing andratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the InvestmentProtection Agreement (IPA), along with business and investment opportunitiesfor both sides’ firms. The BVA will also provide language support for Belgiancompanies that want to invest and do business in Vietnam.

Vietnamese Ambassador to Belgium and Luxembourgand head of the Vietnamese Delegation to the EU Vu Anh Quang said after beingsigned and ratified, the EVFTA and the IPA will open up more chances forVietnamese businesses to strengthen partnership with those of Belgium and otherEU member countries.

Echoing the view, head of the EU Delegation toVietnam Ambassador Bruno Angelet said 90 percent of transactions betweenVietnam and the EU will be exempted from different taxes after 10 years, so thereis huge potential for promoting bilateral trade and investment.

Founded in 2011, the BVA has made efforts tostrengthen cooperation between Belgium and Vietnam in economic, cultural andsocial aspects. With its new functions, the alliance is expected to betterserve as a bridge linking businesses of Vietnam, Belgium and Luxembourg.-VNA
VNA
#Belgian-Vietnamese Alliance #Federation of Belgian Chambers of Commerce #chamber of commerce and industry for Belgium Luxembourg and Vietnam #EVFTA #EU-Vietnam Investment Protection Agreement #BVA President Andries Gryffroy #Vietnam-Belgian relations #updated Vietnam news #Vietnamplus #Vietnam News Agency Belgium Luxemburg Vietnam
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