Conference highlights investment opportunities for Belgian firms
Conference highlights investment opportunities for Belgian firms in Vietnam
Vietnam’s economic and trade development as well as the country’s advantages in attracting investment were introduced to Belgian enterprises at a conference in Belgium’s southern Mons city on May 10.
Brussels (VNA) – Vietnam’s economic and tradedevelopment as well as the country’s advantages in attracting investment were introducedto Belgian enterprises at a conference in Belgium’s southern Mons city on May10.
Participants at the event highlighted positive impacts ofthe Vietnam-EU free trade agreement (EVFTA) and proposed measures to expandimport-export activities between the two sides.
Nguyen Canh Cuong, Vietnamese Trade Counsellor in Belgiumnoted that Vietnam has maintained stable development with GDP growth of 6-8percent, while exports and imports rose 20-30 percent each year recently.
He stressed that abundant business opportunities are availablein many areas for potential investors, adding that the prospect is bright asthe Vietnamese Government is in the process to sign the EVFTA.
Meanwhile, Frauker Sommer who is in charge of EU’s bilateraltrade with Vietnam, introduced the EVFTA and gave her assessment on benefits intariff and import-export brought by the deal as well as comparative advantagesof each side and ways for businesses to expand their import-export activities.
She underlined that EVFTA is the best free trade agreementthat EU has reached with a developing country.
Speaking to Vietnam News Agency correspondent in Belgium,Hainaut province’s Governor Tommy Leclercq said that the province, the largestlocality in Belgium’s Wallonia French-speaking region, hopes to promote economicties with Vietnam in various areas, especially in import-export.
He said that following the conference, the province willhold a number of business seminars focusing on fields important to Vietnam andattractive to Belgian investors.
The governor also revealed that the province has plans to senda delegation to Vietnam in September or October this year to discuss cooperationpossibilities with potential partners.
General Director of Delaunoit group Jaques Delaunoit saidthat with the support of the European Commission, he has realized feasible investmentopportunities in Vietnam.
According to Chairman of the Belgium-Vietnam Chamber ofCommerce Huynh Trang Long, many Belgian businesses are keen on seekingpartnership with Vietnam for stronger economic ties.-VNA
The Pham Ngoc Thach University of Medicine inked a deal with the University of Liège, Belgium for a Europe-standard family medicine training programme in HCM City on March 7.
The Department of Agriculture and Rural Development of Ho Chi Minh City has carried out a programme to improve its beef products by 2020, with a vision to 2030.
The EU-Vietnam FTA (EVFTA) will play a vital role in Vietnam’s global trade integration, helping the country become a promising business and investment market in ASEAN for European firms.
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.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Overview of the conference (Photo: VNA) 
