HCM City – Belgium cooperation falling short of potential
There is massive potential for cooperation between Ho Chi Minh City and Belgium, yet their trade ties remain modest, said Chairman of the municipal People’s Committee Le Hoang Quan.
At a reception for Belgian Deputy Prime Minister Johan Vande Lanotte on January, Quan noted the southern economic hub exported US$154 million worth of commodities to Belgium in 2013, while its imports from the country stood at over US$243 million.
Belgium now has 14 projects valued more than US$8.5 million in Ho Chi Minh City and is aiding the city in several important developments, such as dredging the Soai Rap River, he said.
The official expressed his belief through Lanotte’s visit, both sides can boost their collaboration in fields of mutual concern, and Ho Chi Minh City will try its best to promote these relations, especially in economics.
Speaking highly of the development potential with Ho Chi Minh City, Lanotte claimed the Belgian Government attaches great importance to the two countries’ relations.
He voiced his interest in the city’s infrastructure development projects, including those to build a new seaport system.
He also told city authorities to compile detailed proposals for projects seeking financial assistance to make it easier for Belgium to consider them.