Speaking at the signing ceremony in Hanoi, Belgian Ambassador to Vietnam Karl Van Den Bossche expressed his delight at the visit to Vietnam by an economic and trade delegation from the Wallonia region, adding that through this trip, he expected increases in Belgium’s exports to Vietnam and vice versa so as to balance the two-way trade.

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Vietnamese and Belgian officials at the signing ceremony in Hanoi

Tai said that Belgium is running 88 projects worth 1.1 billion USD in Vietnam, and the country is also Vietnam’s sixth biggest trading partner with total trade revenue of 4.73 billion USD last year. Meanwhile, Vietnam is Belgium’s second largest trading partner in the Association of Southeast Asian Nations (ASEAN).

According to the official, the signing of the LOI was considered as the first brick in building a firm foundation for the bilateral collaboration, thus helping to strengthen connectivity and open up new cooperation opportunities.

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(Photo for illustration)

For her part, Delcomminette said that the delegation comprising representatives of 20 companies and organizations from the Wallonia region is paying a working trip to Hanoi from November 27-28, and will visit Ho Chi Minh City from November 29-30.

The E.U.-Vietnam Free Trade Agreement (EVFTA) has opened up more chances for cooperation, thus showing great potential from the Wallonia region and the opportunities that Vietnam brings to businesses of the two countries, she added.

Source: VNA