Tran Ngoc Quan, Vietnamese Trade Counselor in Belgium and the EU introduces the Vietnamese business environment to participants. (Photo: VNA)
Brussels (VNA) – A training conference was held inBrussels on May 15 to promote Belgian businesses’ understanding of the businessenvironment and culture of Vietnam.
The event, jointly held by the Vietnam Trade Office in Belgiumand the Belgian Vietnamese Alliance (BVA), provided Belgian firms with basicthings that they need to know when doing business in Vietnam and contactingwith locals.
Davy Jacob, supply chain manager of LIBEERT chocolatecompany that is operating in the central city of Da Nang, said that Vietnam has an attractiveinvestment environment for foreign investors.
The country’s fast economic growth with the rapidly growing middle class has created good chances for foreign investors, including thosefrom Europe, he held, expressing his hope to further expand the firm’s operationsin Vietnam.
Joke Pattyn from Facil, a logistics company, said that her company has providedautomobile spare parts for Vietnamese automaker Vinfast for three years. She stressed a wish to get a deeper insight into the traditional business practices ofVietnamese people to become closer to local customers and build up morerelations.
Commenting on the Vietnam-EU economic cooperation outlook, Tran Ngoc Quan, VietnameseTrade Counselor in Belgium and the EU said that despite facing manydifficulties, European firms still pin high hope on the Vietnamese market,especially in the fields of garment and textile, leather and footwear, andagriculture.
Particularly, the EU-Vietnam Free Trade Agreement (EVFTA),which took effect in August 2020, has provided preferential tax rates toVietnamese goods exported to the EU, he said, holding that this is a greatopportunity for Vietnam and the EU to promote bilateral trade as the EU isprioritising countries sharing a FTA with the union to overcome difficulties.
The EU’s compulsory regulations for imported products will take effect in the next3-5 years, he noted, advising Vietnamese firms to meet the regulations byswitching to green and clean production and sustainable development, thus clinchingtheir position in the EU market./.
Belgian Ambassador to Vietnam Karl Van den Bossche referred to Vietnam as a responsible, reliable, and stable partner in an interview with the Vietnam News Agency on the occasion of the 50th anniversary of bilateral diplomatic ties.
The central coastal province of Binh Dinh introduced its economic and investment potential to Belgian businesses at a hybrid conference in Brussels on March 24.
Photos and documents featuring the life and career of late President Ho Chi Minh were exhibited at the headquarters of the Vietnamese Embassy in Brussels, Belgium, from April 14-16.
A bookcase of Vietnamese books was launched by Youtube channel Viet Happiness Station in Pho Sure restaurant owned by an overseas Vietnamese (OV) in Ostende city, Belgium on May 14.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Tran Ngoc Quan, Vietnamese Trade Counselor in Belgium and the EU introduces the Vietnamese business environment to participants. (Photo: VNA) 
