[BE] Conference highlights investment opportunities for Belgian firms in Vietnam
May 11, 2017
Vietnam’s economic and trade development as well as the country’s advantages in attracting investment were introduced to Belgian enterprises at a conference in Belgium’s southern Mons city on May 10.
Participants at the event highlighted positive impacts of the Vietnam-EU free trade agreement (EVFTA) and proposed measures to expand import-export activities between the two sides.
Nguyen Canh Cuong, Vietnamese Trade Counsellor in Belgium noted that Vietnam has maintained stable development with GDP growth of 6-8 percent, while exports and imports rose 20-30 percent each year recently.
He stressed that abundant business opportunities are available in many areas for potential investors, adding that the prospect is bright as the Vietnamese Government is in the process to sign the EVFTA.
Meanwhile, Frauker Sommer who is in charge of EU’s bilateral trade with Vietnam, introduced the EVFTA and gave her assessment on benefits in tariff and import-export brought by the deal as well as comparative advantages of each side and ways for businesses to expand their import-export activities.
She underlined that EVFTA is the best free trade agreement that EU has reached with a developing country.