Vietnam facilitates investment from EU, Belgium: Prime Minister
Updated : Thursday, October 18, 2018 10:10 AM (GMT+0700)

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

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

Attending theVietnam-EU-Belgium Business Forum jointly held by the Vietnam Chamber ofCommerce and Industry (VCCI), Belgian Vietnamese Alliance, embassies and tradeoffices of Vietnam and Belgium, PM Phuc said that the Government pledgesfavourable conditions to connect enterprises from both sides for the benefitsof the firms and the people.

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

Laying stress on theEurope-Vietnam free trade agreement (EVFTA) which is expected to open the doorfor the enterprises to capitalize on their cooperation potential when it takeseffect, PM Phuc hoped that the European business association, especiallyBelgian firms, will raise their voice to push the signing of the deal.

Vietnam will serve as a bridgefor European enterprises to break into ASEAN market toward a free and fairtrade, he said, underlining Vietnam’s advantages for Belgian investments likestable socio-political and macro-economic conditions, and well-developed portsystems.

Together with the imminentsigning of the EVFTA, Vietnam has participated in 15 new-generation free tradeagreements, which means that if Belgian firms enter Vietnam, they will get intoa global market, he underlined.

At the forum, PM Phuc andofficials of both nations witnessed the signing of several cooperationdocuments between the VCCI and Belgian Vietnamese Alliance, Vietnam Post andTelecommunication Group and European mobile network business centre, andVietnam Project company and Sarens Group.

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

He said Belgium boasts abusiness-friendly government, dynamic research environment, and educationsystem up to international standards and high labour productivity. 

Lying in the heart of the EUwith a population of 420 million and modern infrastructure, Belgium focuses onindustries such as aerospace, chemicals, energy, waste and wastewatertreatment, artificial intelligence and 4.0 technology, which are potentialfields for partnership with Vietnamese firms, he said. 

The same day, PM Phuc hadworking sessions with representatives from EU and Belgian leading firmsoperating in Vietnam, during which they informed the Vietnamese leader onoutcomes and investment and business plans in the Southeast Asian nation insuch fields as oil and gas, renewable energy, agriculture, fertiliser andinsecticide production, seaport infrastructure, rubber, and tire production.They also made recommendations on how to accelerate cooperation between thebusiness communities of Vietnam and the EU, as well as between those of Vietnamand Belgium in particular.

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

The PM hailed Solveigh andNijhuis as well as other Dutch partners in conducting surveys, research andworking solutions to minimise coastal erosion in Vietnam. He described theirwork as a specific action to implement cooperation programmes within theframework of the strategic partnership on adaptation to climate change andwater management between Vietnam and the Netherlands.

Menno Holterman, ManagingDirector of Nijhuis, said the project’s partners inspected erosion in Hoi Anand agreed to carry out another project to address challenges in the area. Itaims to improve safety and livelihood for locals, and protect and restore HoiAn coast, while forming new eco-system tourist sites there. Investment for thiswill be arranged by European and Dutch organisations and businesses andVietnam’s T&T group.

Representatives of the twoDutch groups expressed their wish to continue receiving attention andfacilitation from the Prime Minister and relevant agencies of Vietnam duringthe project’s implementation.

Welcoming proposals of Dutchorganisations and businesses, PM Phuc said the Vietnamese Government hopes forexperience sharing and support on human resources and technology from the Dutchpartners to solve urgent issues in Vietnam, especially coastal and riverbankerosion and subsidence, climate change response, and help local people’ssustainable socio-economic development.

The PM suggested Dutch andVietnamese partners coordinate with the People’s Committee of Quang Namprovince to accelerate the study and survey to have an optimal plan.

The two Dutch groups, T&Tgroup and other partners were asked to work with Vietnam’s Ministry ofAgriculture and Rural Development and Quang Nam authorities to reach animplementation plan.


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