Freshly signed MoU promotes Vietnam-Belgium cooperation: Belgian official
Updated : Thursday, October 18, 2018 10:07 AM (GMT+0700)

Amemorandum of understanding (MoU) was signed between the Vietnamese Governmentand the administration of Belgium’s Flemish region on October 17 as part of PMNguyen Xuan Phuc’s visit to the European country, confirming the increasinglyextensive cooperation between the two sides.

 
PM Nguyen Xuan Phuc (R) and Minister-President of the Government of Flanders Geert
Bourgeois - Photo: VNA

In an interview granted to Vietnam News Agency’s correspondent inBrussels, Minister-President of the Government of Flanders Geert Bourgeois saidthat the MoU signing came after the first deal inked in 2013, underlining thelong-term partnership between Vietnam and Belgium in general and the FlemishRegion in particular.

Praising Vietnam’s economicdevelopment in the past 30 years, with an impressive GDP growth of 6-7 percentper year, he said that Vietnam should continue updating its internationalframeworks to attract more foreign investors, which will help Vietnamese firmsbetter integrate into the global value chain. 

The Belgian Government willcontinue to support the early ratification of the EU-Vietnam free tradeagreement (EVFTA) which promotes free and fair trade towards sustainable growthamong its members, he stressed, expressing his belief that the EVFTA and thefreshly-inked MoU are expected to help the Flemish region to double its exportsto Vietnam to 1 billion EUR (about 1.16 billion USD) over the next three years.

Vietnam is currently thefourth largest export market of Flanders in Southeast Asia. Around 70-80percent of Belgian shipments to Vietnam come from the region. Last year,Flanders shipped 492 million EUR (nearly 570 million USD) worth of products toVietnam, up 22.23 percent year-on-year. Meanwhile, Vietnam’s exports to theregion surged some 20.86 percent and the figure is expected to rise evenfurther in the future.

In recent times, Vietnameselocalities and the Flemish region have enjoyed fruitful cooperation, especiallyrelating to transportation and the environment. Flanders invested 4.4 millionEUR (around 5.1 million USD) in joint research programmes of the ResearchFounderation: Flanders (FWO), and Vietnam’s National Foundation for Science andTechnology Development (NAFOSTED), he added.

Source:VNA 

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