Business News 22/09/2023, 23:42

Belgian companies strengthen investment in Vietnam

With favorable location, many unique potentials, and rich natural resources, Hai Phong and Quang Ninh are receiving interest from Belgian businesses.

Belgian companies strengthen investment in Vietnam

Recently, Camco Technologies NV Group (Kingdom of Belgium) signed a memorandum of understanding with Hateco Hai Phong International Container Terminal Co., Ltd. (HHIT). Accordingly, Camco will deploy the automatic gate OCR system and the exclusive STS gantry crane OCR system at HHIT.

Through this cooperation, HHIT affirms its goal of closely linking the largest seaport in Northern Vietnam with the European and American markets.

Along with that, the Renewable Energy Certificate Purchase and Sale Agreement between DEEP C Green Energy Company Limited (Vietnam) and Polarium Vietnam Company Limited (Sweden) was also signed.

Specifically, Polarium Vietnam will purchase Renewable Energy Certificates from DEEP C to become the first company in DEEP C Industrial Park to operate its facility entirely with renewable energy (100% using green energy).

To date, Hai Phong City has 8 FDI projects by investors from the Kingdom of Belgium with a total investment capital of 556 million USD. Projects mainly focus on the fields of industrial park infrastructure and maritime services business, electricity production, and hotel business investment.

In particular, the Deep C Industrial Park Complex has significantly contributed to perfecting the infrastructure of industrial parks and attracting investment to the city. To date, the Deep C Industrial Park Complex has attracted 152 secondary investment projects in industries and logistics services, with a total registered investment capital of about 5.5 billion USD.

As for Quang Ninh, investors from the Kingdom of Belgium are investing in industrial park infrastructure in North Tien Phong and South Tien Phong. These two industrial parks are located in a favorable location, in the Quang Yen Coastal Economic Zone. Investors in the industrial parks enjoy many preferential policies with unique and distinct advantages.

Currently, Quang Ninh has more than 20 countries investing, doing business, and developing in the province, with a total investment capital of more than 11 billion USD.

During the recent visit to Vietnam of Mr. Jan Jambon, Minister - Prime Minister and Minister of Foreign Affairs, Culture, Information Technology, and Facilities Management of Flanders Region, Kingdom of Belgium, Belgian businesses and investors expressed their interest and desire to research and invest in projects in Hai Phong and Quang Ninh cities.

The Kingdom of Belgium in general and the Flanders Region in particular have many strengths and potentials in key industries: service industry, logistics, clean energy, alternative energy, petrochemical industry, and transportation. Enterprises in Vietnam and Belgium have many opportunities to strengthen cooperation and dialogue on sustainable infrastructure, smart logistics, etc.

VietNam Finance / Translator: Hoàng Trúc

Sign up for more information