Belgium makes big investment pledges

Read the original news 

SaigonTimes English - 35 month(s) ago 6 readings

Belgium makes big investment pledges

HCMC – Belgium will invest in a series of major projects in Vietnam after 37 contracts and agreements were signed during the Belgian business mission’s visit to Vietnam from March 11 to 16.

Belgium makes big investment pledges

By Tran Thu - The Saigon Times Daily

Ambassador Bruno Angelet (R) and Consul General Dominique Casier of Belgium at a news briefi ng in HCMC last Saturday - Photo: Thu Nguyet
HCMC – Belgium will invest in a series of major projects in Vietnam after 37 contracts and agreements were signed during the Belgian business mission’s visit to Vietnam from March 11 to 16.

Those deals cover four main fields namely port and infrastructure development, foodstuff, green technology and healthcare, the Belgian ambassador to Vietnam, Bruno Angelet, told a press briefing in HCMC last Saturday.

There are four government-to-government cooperation agreements on avoidance of double taxation, public finance, space technology, and financial support for Vietnam to buy a small satellite from Belgium.

Ambassador Angelet said one of the most important agreements is a 66-million-euro project in which Belgium will supply a small satellite for Vietnam to improve management of natural resources and cope with natural disasters.

In the field of infrastructure development, a Belgium company will participate in the second phase of the Soai Rap River navigational channel dredging project in HCMC.

Haiphong’s government and Dinh Vu Industrial Park Joint Stock Company signed an agreement with a Belgian partner to expand the Haiphong-based Dinh Vu Industrial Park to accommodate more investors. Initially, the industrial park will be expanded by 200 hectares.

The Belgian partner wants to double the industrial park area to 2,000 hectares in the next few years, said the ambassador. Dinh Vu Industrial Park is operated by Haiphong’s government and foreign partners including Belgium’s Rent-A-Port as a major stakeholder.

Rent-A-Port and the Vietnam Maritime Administration (Vinamarine) clinched a memorandum to study a port project in Dinh An estuary, Tra Vinh Province with a navigational channel big enough for large vessels to make their way into the Mekong Delta. The project will be developed under the format of public-private partnership (PPP) to facilitate goods transport between the Mekong Delta and HCMC.

Rent-A-Port and Vinamarine also signed a deal to study an PPP project in marine toll collection and management.

In addition, the Belgian company Methis Environmental and the Airports Corporation of Vietnam (ACV) reached agreement to develop two solar power plants to serve Danang and Cam Ranh airports under PPP model.

Several Belgian companies also secured contracts to supply medical equipment, technology, design services and products for Vietnamese businesses.

The authority of Belgium’s East Flanders agreed to join hands with Lam Dong Province in flower and vegetable farming and with Can Tho in the foodstuff sector.

There is no comment

Please Sign up or Login to comment.

Top page