There is massive potential for cooperation between Ho Chi Minh City and Belgium, yet their trade ties remain modest, Chairman of the municipal People’s Committee Le Hoang Quan explained to Belgian Deputy Prime Minister Johan Vande Lanotte.

During a reception held for the Belgian guest in the city on January 22, Quan noted that the southern hub exported 154 million USD worth of commodities to Belgium in 2013, while its imports from the country stood at over 243 million USD.

Belgium now has 14 projects worth more than 8.5 million USD in HCM City and is aiding the city in several important developments, such as dredging the Soai Rap River, he said.

The official expressed his belief that through Lanotte’s visit, both sides can boost their collaboration in fields of mutual concern, and HCM City will try its best to promote these relations, especially in economics.

Speaking highly of the development potential with HCM City, Lanotte claimed that the Belgian Government attaches great importance to the two countries’ relations.

He voiced his interest in the city’s infrastructure development projects, including those to build a new seaport system.

He also told city authorities to compile detailed proposals for projects seeking financial assistance to make it easier for Belgium to consider them.-VNA