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Belgium eyes investment expansion in Vietnam

Staff writer |
Since the two countries signed an agreement on investment encouragement and protection in 1991, Belgian firms have invested in 17 out of the 63 cities and provinces across Vietnam.

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According to the Ministry of Planning and Investment, as of 2015, Belgium ran 59 valid investment projects in Vietnam in 2015 with total registered capital of VND9,381,060 million, ranking 27th among 105 nations and territories investing in Vietnam.

Last year, the European country had four newly-licensed investment projects and two registering to increase capital.

Belgian Ambassador to Vietnam Jehanne Roccas said the number of projects invested by Belgian businesses was quite modest compared to other foreign investors in Vietnam. However, with Belgium, this was a considerable figure as the country typically only runs about two to three investment projects in a host country.

She said Vietnam constituted the brightest spot in Asia, adding that with FTAs, the country's export potential would increase in the future.

Vietnam is also expected to become a manufacturing hub in the world, so Belgian enterprises will consider increasing their presence and activities in the Southeast Asian country, according to the ambassador.


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