Belgium wishes to boost investment cooperation with Vietnam

15:38 | 19/05/2017 Cooperation

On May 18, at the Government Office, Deputy Prime Minister Vuong Dinh Hue held a reception for Belgian Ambassador to Vietnam Jehanne Roccas.

vn boosts tertiary education green growth cooperation with belgium
Deputy Prime Minister Vuong Dinh Hue (R) ​meets Belgian Ambassador to Vietnam Jehanne Roccas - Photo: VOV

At the meeting, the Belgian Ambassador to Vietnam said investment and cooperation projects of Belgium in Vietnam extends on a wide range of areas, focusing on education, green economy, vocational training and climate change response with a total investment value of about 600 million euros.

The ambassador said along with consolidating and developing traditional collaboration areas, Belgium wishes to beef up investment partnership with Vietnam in the future, through backing Belgium businesses to buy shares of Hanoi and SaigonAlcohol, Beerand Beverage Corporations; and Song Hau Thermal Power project; or granting export license of Belgium’s beef to Vietnam.

Meanwhile, the Vietnamese Deputy Prime Minister told Belgian Ambassador that Vietnam also hopes to forge stronger cooperation with Belgium in those spheres. He said that 2.2 billion EUR in two-way trade is a modest figure and still has large potential. Accordingly, he expressed wish that Belgium will open its door for Vietnam’s farm produce, while supporting Vietnam in accessing advanced technology of Belgium and Europe.

The Deputy PM affirmed that the Vietnamese Government will direct related agencies to thoroughly study technical specifications and ensure the safety of product quality. Vietnam also wants to attract top Belgian investors as last year Vietnam had the highest FDI disbursement ratio in history.

Regarding issues in the Vietnam EU Free Trade Agreement (EVFTA), Deputy PM Hue said the viewpoint of Vietnam in global integration is consistent. Vietnam is willing to build a transparent and sustainable business environment. Therefore, prompt signing and ratification of this agreement will benefit both sides.

At the same time, he also stressed hope that Belgium, a founding and prestigious member of the EU, will help speed up the bloc’s signing and approval of a free trade agreement with Vietnam.

Thanh Phuong