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Welcome Belgian and European investors in Vietnam

Wed, 15 Oct 2014. Last updated Thu, 25 Jun 2015 08:53

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On Oct 13, Prime Minister Nguyen Tan Dung attended a business forum between Vietnam and Belgium. The forum contributes to favor of investors in Vietnam. In this forum, PM Nguyen Tan Dung also answered many questions from representatives.

According to Vietnam News Agency correspondent in Belgium, in the framework of official visit to the Kingdom of Belgium, in the evening of Oct 13, Prime Minister Nguyen Tan Dung attended the Vietnam Belgium business forum at Brussels capital. This event is held by Federation of Belgian entrepreneurs in collaboration with Embassy of Vietnam in Belgium, along with the participation of representatives from more than 100 leading enterprises of Belgium and nearly 50 Vietnam enterprises. Speaking at the forum, Prime Minister Nguyen Tan Dung stressed after 30 years of renovation, Vietnam from a poor country to become a middle-average-income country, maintaining macroeconomic stability. The Vietnam economic growth was 5.6% in 2011-2013 and is estimated to reach at 6% in 2014. Total Vietnam gross domestic product - GDP per capita achieves over US$ 2,000. Currently, there are more than 17,000 projects foreign investment in Vietnam with total registered capital of 250 billion dong and guaranteed social security. Vietnam also completed several Millennium Development Goals.

 

PM Nguyen Tan Dung visits Belgium

 

Prime Minister Nguyen Tan Dung said Vietnam government sets priority in 3 goals including: completing market economy institution, ensuring equal competition and reforming administration. The goal of Vietnam in the period 2016-2020 is to achieve GDP growth of 6.5-7%, of which GDP in 2015 is expected to reach 6.2 - 6.4%. Vietnam is trying to contribute to building the ASEAN Community by 2015. Concerning European Union and Vietnam Free Trade Agreement (EVFTA), Prime Minister Nguyen Tan Dung said Vietnam is currently negotiating 6 Free Trade Agreements with other countries in which negotiations with EU has ended, in which the two sides are expected to sign agreements in the spring of 2015. This will be an opportunity for Vietnam businesses, and EU ones including Belgium enterprises to strengthen cooperation. Vietnam Belgium trade turnover is one of the bright spots in cooperation between the two countries with the figure of US$ 1.8 billion in 2013, up 17% compared to 2012. Particularly, in the first 6 months of this year, bilateral trade volume reached US$ 1.2 billion. Vietnam is the only Asian country receiving development assistance from Belgium, and always welcomes investors from Belgium and Europe.

 

PM Nguyen Tan Dung (L) and EC President Manuel Barroso

 

At the forum, representatives of Belgian enterprises made questions to Prime Minister Nguyen Tan Dung. These questions are related to investment in the field of pharmaceuticals, infrastructure, building airports, seaports, hospitals construction... Answering these questions, Prime Minister Nguyen Tan Dung affirmed Vietnam would open markets for all products, including pharmaceuticals; and will manage in accordance with international standards and consistent with international practices. Investment in infrastructure is a breakthrough and priority in Vietnam for sustainable development.
Vietnam government encourages all local and international economic sectors to invest in infrastructure development, especially in the form of public-private investment, and create conditions for investors in Vietnam. The Prime Minister also said that Vietnam government is very interested in health care for people, but now not enough hospitals to meet their medical needs. Thus, Vietnam encourages investments in building private hospitals. Talking to Vietnam News Agency reporters on the sideline of the forum, Mr. Marc Stordiau, General Director of Rent-a-port (the company has been Prime Minister Nguyen Tan Dung awarded an investment license in Vietnam) said that Vietnam had investment environment ventilated with abundant young manpower. This is the reason why the company Rent-a-port selected Vietnam as the place to develop their projects.

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