Vietnamese businesses have been provided with necessary information on opportunities to make inroads into the European Union (EU) market through Belgium’s Wallonie region, at a recent workshop in Ho Chi Minh City.

Jointly organised by the Ministry of Industry and Trade’s Department of Trade Promotion and the Wallonie region’s Trade and Investment Promotion Agency, the November 28 event aims at boosting stronger Vietnam-EU trade ties.

Addressing the event, Vo Ta Luong, Deputy Director of the ministry’s Department of Trade Promotion for Southern region said Vietnam and EU have set up a comprehensive cooperation in all fields, including trade, investment, judiciary cooperation, security, and the climate change.

The two sides are close to the signing of an EU-Vietnam Free Trade Agreement (EVFTA), which is expected to bring benefits as well as challenges to Vietnam’s key sectors, Luong said, the

According to Jean Claude Marcourt, Vice President of the Wallonie Government stated Belgium and the Wallonie region in particular always welcome foreign investors.

With its potential along with advantages of geography and infrastructure, Belgium is one of the six most attractive destinations for foreign investors in Europe. Through Belgian market, especially the Wallonie region, foreign investors will have opportunities to access 65 percent of European markets, Marcourt noted.

The EU is Vietnam’s leading economic and trade partner. In the recent years, two-way trade between the two sides increased by 15-20 percent annually.

Belgium is among Vietnam’s most important trade partners in the EU with two-way trade in 2013 hitting 1,825 million USD, up 17 percent over a year earlier. In the first ten months of this year, Vietnam’s export turnover to Belgium gained 1,489 million USD.-VNA