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Vietnam further promotes trade ties with Belgium’s Wallonia region

Deputy Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade Le Hoang Tai and Pascale Delcomminette, CEO of Belgium’s Wallonia Foreign Trade and Investment Agency (AWEX), on November 27 signed a letter of intent (LOI) to initiate cooperation in trade promotion between the two sides.
Vietnam further promotes trade ties with Belgium’s Wallonia region ảnh 1Vietnamese and Belgian officials at the signing ceremony in Hanoi. (Photo: VNA) 
Hanoi (VNA) – Deputy Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry andTrade Le Hoang Tai and Pascale Delcomminette, CEOof Belgium’s Wallonia Foreign Trade and Investment Agency (AWEX), on November27 signed a letter of intent (LOI) to initiate cooperation in trade promotion betweenthe two sides.

Speaking at the signing ceremony in Hanoi, BelgianAmbassador to Vietnam Karl Van Den Bossche expressed his delight at the visitto Vietnam by an economic and trade delegation from the Wallonia region, addingthat through this trip, he expected increases in Belgium’s exports to Vietnamand vice versa so as to balance the two-way trade.

Tai said that Belgium is running 88projects worth 1.1 billion USD in Vietnam, and the country is also Vietnam’ssixth biggest trading partner with total trade revenue of 4.73 billion USD lastyear. Meanwhile, Vietnam is Belgium’s second largest trading partner in theAssociation of Southeast Asian Nations (ASEAN).

Vietnam further promotes trade ties with Belgium’s Wallonia region ảnh 2Illustrative photo (Photo: VNA)
According to the official, the signing ofthe LOI was considered as the first brick in building a firm foundation for the bilateral collaboration, thus helping to strengthen connectivity and open up newcooperation opportunities.

For her part, Delcomminette said that thedelegation comprising representatives of 20 companies and organisations from the Wallonia region is paying aworking trip to Hanoi from November 27-28, and will visit Ho Chi Minh City fromNovember 29-30.

The EU-Vietnam Free Trade Agreement (EVFTA)has opened up more chances for cooperation, thus showing great potential fromthe Wallonia region and the opportunities that Vietnam brings to businesses ofthe two countries, she added./.
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