Vietnamese 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
Belgium’s lower house of parliament backs expanding cooperation with Vietnam at all levels, said President of the Chamber of Representatives Siegfried Bracke when meeting with Prime Minister Nguyen Xuan Phuc in Brussels on October 17.
Prime Minister Nguyen Xuan Phuc had a meeting on October 18 with Steven Vanackere, Belgian former Foreign Minister and head of a group of parliamentarians from the Flemish Christian Democratic Party, who has made great contributions to the growth of the Vietnam-Belgium relationship.
Vietnam attaches importance to ties with Belgium, a founding member with an important role in the European Union, Prime Minister Nguyen Xuan Phuc told King Philippe of Belgium during their meeting in Brussels on October 18.
Vietnam and Belgium’s Wallonie-Bruxelles region signed cooperation minutes for the 2019-2021 period in Brussels on November 21, covering a total of 25 projects, as part of the 10th meeting of the Vietnam – Wallonie-Bruxelles Joint Committee.
Prime Minister Nguyen Xuan Phuc has suggested Belgian Ambassador Paul Jansen contribute to raising trade turnover between Vietnam and Belgium to 3 billion USD in the time ahead.
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.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnamese 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) 
