Vietnam, Belgium aim to boost bilateral trade to US$7 billion

HCMC – Vietnamese Prime Minister Pham Minh Chinh has called for collaborative efforts between Vietnamese and Belgian authorities to elevate bilateral trade to US$7 billion in the next two or three years, leveraging the advantages presented by the European Union-Vietnam Free Trade Agreement (EVFTA). He underscored Vietnam’s unwavering commitment to fostering bilateral relations with Belgium, particularly in vital domains like conflict prevention, peacekeeping, and climate change adaptation. President Stephanie D’Hose of the Belgian Senate concurred with the Vietnamese prime minister’s recommendations to enhance cooperation between the two nations. Additionally, President D’Hose affirmed that the Federal Parliament of Belgium is accelerating efforts to ratify the EU-Vietnam Investment Protection Agreement. The aim is to conclude this process before Belgium wraps up its presidency of the Council of the EU in June 2024.