Vietnamese Ambassador to Belgium and Luxembourg and head of the Vietnamese Delegation to the EU Vu Anh Quang (standing) speaks at the debut event of the Belgian-Vietnamese Alliance on January 29 (Photo: VNA)
Brussels (VNA) – The Belgian-Vietnamese Alliance(BVA) launched itself as a chamber of commerce and industry for Belgium,Luxembourg and Vietnam on January 29.
It was recognised as a member of the Federationof Belgian Chambers of Commerce on January 1.
At the debut event in Brussels, BVA PresidentAndries Gryffroy said with its new functions, the entity will become atrustworthy partner of institutions and enterprises to develop an internationalbusiness network and offer useful links for legal, economic and investmentinformation.
Noting the alliance’s focuses in 2019, he saidit will continue helping businesses learn about the content, signing andratification of the EU-Vietnam Free Trade Agreement (EVFTA) and the InvestmentProtection Agreement (IPA), along with business and investment opportunitiesfor both sides’ firms. The BVA will also provide language support for Belgiancompanies that want to invest and do business in Vietnam.
Vietnamese Ambassador to Belgium and Luxembourgand head of the Vietnamese Delegation to the EU Vu Anh Quang said after beingsigned and ratified, the EVFTA and the IPA will open up more chances forVietnamese businesses to strengthen partnership with those of Belgium and otherEU member countries.
Echoing the view, head of the EU Delegation toVietnam Ambassador Bruno Angelet said 90 percent of transactions betweenVietnam and the EU will be exempted from different taxes after 10 years, so thereis huge potential for promoting bilateral trade and investment.
Founded in 2011, the BVA has made efforts tostrengthen cooperation between Belgium and Vietnam in economic, cultural andsocial aspects. With its new functions, the alliance is expected to betterserve as a bridge linking businesses of Vietnam, Belgium and Luxembourg.-VNA
Belgium’s lower house of parliament backs expanding cooperation with Vietnam at all levels, said President of the Chamber of Representatives Siegfried Bracke when meeting with Prime Minister Nguyen Xuan Phuc in Brussels on October 17.
Prime Minister Nguyen Xuan Phuc had a meeting on October 18 with Steven Vanackere, Belgian former Foreign Minister and head of a group of parliamentarians from the Flemish Christian Democratic Party, who has made great contributions to the growth of the Vietnam-Belgium relationship.
Vietnam attaches importance to ties with Belgium, a founding member with an important role in the European Union, Prime Minister Nguyen Xuan Phuc told King Philippe of Belgium during their meeting in Brussels on October 18.
Vietnam and Belgium’s Wallonie-Bruxelles region signed cooperation minutes for the 2019-2021 period in Brussels on November 21, covering a total of 25 projects, as part of the 10th meeting of the Vietnam – Wallonie-Bruxelles Joint Committee.
Prime Minister Nguyen Xuan Phuc has suggested Belgian Ambassador Paul Jansen contribute to raising trade turnover between Vietnam and Belgium to 3 billion USD in the time ahead.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.