Belgian region keen to promote investment in Vietnam
(VOV) - A seminar was held in Ghent, Belgium’s East Flanders region on September 10 to promote investment in Vietnam under the framework of the Accenta International Trade Fair 2014.
During the fair, speakers described Vietnam as a fast growing economy with political stability, low-cost labour force and open market.
With many advantages, Vietnam is capable of becoming one of the biggest economies in the 21st century. To fulfil the target, Vietnam should boost economic restructuring towards an industrialised economy to attract foreign investment.
Belgian Ambassador to Vietnam Angelet Bruno emphasised that economic relations between Belgium and Vietnam have developed constantly with bilateral trade increasing by 70% in the 2003-2012 period. Belgium is Vietnam’s sixth European trade partner with two-way trade exchange reaching EUR1.2 billion each year.
Mr Ralph Moreau, Economic and Trade Counsellor for the Flemish Region from Flanders Invest & Trade (FIT) said Vietnam’s localities have many advantages to attract investment from companies in the Flanders region. Flanders is cooperating with HCM City and the central highlands of Lam Dong to develop sea ports and grow flowers and vegetables respectively. Additionally, the region has also helped Vietnam in the educational field.
Lawyer Luong Van Ly, Adviser and Head of Investment and Trade Desk of VLT Lawyers introduced participants about Vietnam’s economic and investment policies. The country is striving to improve investment environment to further attract Belgian investors in particular and others around the world.
This year, Vietnam’s Mekong Delta Can Tho city is the honorary guest of the ACCENTA Flanders International Trade Fair in 2014, which opened in Ghent, Belgium on September 6.