Vietnam facilitates investment from EU, Belgium: Prime Minister

Update: 09:55 | 18/10/2018

The Vietnamese Government is making concerted efforts to improve the business climate for both domestic and foreign enterprises, including those from Europe, Prime Minister Nguyen Xuan Phuc said on October 17. 

Related newsVietnamese Government, EU, Belgium, Prime Minister, business climate,  domestic and foreign enterprises, Nguyen Xuan Phuc, favorable conditions, Two-way trade, macroeconomic conditions, global market, promising investors

Attending the Vietnam-EU-Belgium Business Forum jointly held by the Vietnam Chamber of Commerce and Industry (VCCI), Belgian Vietnamese Alliance, embassies and trade offices of Vietnam and Belgium, PM Phuc said that the Government pledges favorable conditions to connect enterprises from both sides for the benefits of the firms and the people.

Vietnamese Government, EU, Belgium, Prime Minister, business climate,  domestic and foreign enterprises, Nguyen Xuan Phuc, favorable conditions, Two-way trade, macroeconomic conditions, global market, promising investors

Prime Minister Nguyen Xuan Phuc (front, second, right) greets participants in the Vietnam-EU-Belgium Business Forum on October 17 (Photo: VNA).

Two-way trade has increased tenfolds in nearly a decade, he noted, adding that it is likely to rise to 53 billion USD this year.

Vietnam will serve as a bridge for European enterprises to break into ASEAN market toward a free and fair trade, he said, underlining Vietnam’s advantages for Belgian investments like stable socio-political and macroeconomic conditions, and well-developed port systems.

Together with the imminent signing of the EVFTA, Vietnam has participated in 15 new-generation free trade agreements, which means that if Belgian firms enter Vietnam, they will get into a global market, he underlined.

At the forum, PM Phuc and officials of both nations witnessed the signing of several cooperation documents between the VCCI and Belgian Vietnamese Alliance, Vietnam Post and Telecommunication Group and European mobile network business centre, and Vietnam Project company and Sarens Group.

Speaking at the event, Chairman of the Belgium – Vietnam Friendship Alliance Andries Gryffoy said Belgian firms are interested in seeking opportunities in health care, real estate, green energy, food, beverages, seaport infrastructure and other fields in Vietnam, adding that they are promising investors.

He said Belgium boasts a business-friendly government, dynamic research environment, and education system up to international standards and high labor productivity.

Earlier, on October 16, Prime Minister Nguyen Xuan Phuc received leaders of Solveigh and Nijhuis – the Dutch businesses with experience in anti-erosion, water exploitation and use and carrying out a climate change adaptation project in central Vietnam.

The PM hailed Solveigh and Nijhuis as well as other Dutch partners in conducting surveys, research and working solutions to minimize coastal erosion in Vietnam. He described their work as a specific action to implement cooperation programmes within the framework of the strategic partnership on adaptation to climate change and water management between Vietnam and the Netherlands.

Menno Holterman, Managing Director of Nijhuis, said the project’s partners inspected erosion in Hoi An and agreed to carry out another project to address challenges in the area. It aims to improve safety and livelihood for locals, and protect and restore Hoi An coast while forming new eco-system tourist sites there. Investment for this will be arranged by European and Dutch organizations and businesses and Vietnam’s T&T group.

Representatives of the two Dutch groups expressed their wish to continue receiving attention and facilitation from the Prime Minister and relevant agencies of Vietnam during the project’s implementation.

 

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Source: VNA

 
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