Capital fosters outbound investment promotion in Belgium, U.S.
VGP - From October 27 to November 4, the Ha Noi’s Investment, Trade and Tourism Promotion Delegation headed to the U.S. and Belgium to foster promotion activities after a long period of interruption.
The Ha Noi’s Investment, Trade and Tourism Promotion organizes a meeting with business representatives in Ha Noi
The delegation was led by Nguyen Manh Quyen, Deputy Chairman of Ha Noi Municipal People's Committee, and featured Nguyen Anh Duong, director of the Ha Noi Investment, Trade and Tourism Promotion Centre.
On October 28, the delegation worked with the Office of the Mayor of San Francisco and held a seminar with agencies and businesses of the State of San Francisco on investment attraction, trade promotion, and tourism development between Ha Noi and San Francisco.
On the following day, they arrived in Washington City and visited the Vietnamese Embassy in the U.S.
Through meetings with diplomatic agencies and investor representatives at the aforesaid seminar, the delegation head Nguyen Manh Quyen brought exposure to the supportive and preferential policies of Ha Noi, one of Viet Nam's two major growth engines, as well as answered questions from large corporations and enterprises wishing to invest to form a trading system in Ha Noi in areas that can benefit both sides.
With the advantage of sustainable investment relationships and amid economy rebound post-pandemic, Ha Noi's export value to the U.S. was estimated to reach US$3.4 billion in 2021, accounting for 21.5 per cent of Ha Noi's total export turnover in 2021, an increase of 25.9 per cent on-year.
Meanwhile, Ha Noi's import value from the US market reached $1.3 billion in 2021, accounting for 3.7 percent of Ha Noi's total import turnover in 2021, up 23 percent on-year.
The capital is highly appreciated for its political and social stability, economic potential, and many advantages of rich cultural identity and tourism. Representatives of diplomatic missions and businesses wished to soon establish cooperative relations in investment and trade in order to promote connectivity for sustainable economic development in 2023 and beyond.
On November 2, within the framework of a working visit to Belgium, the delegation visited cattle breeding firm GA Belgimex in the French-speaking Wallonia region.
Belgimex specialises in providing breeders with the 3B (Blanc Blue Belgium) cow breed, also known as the muscle breed.
During the course of the meeting with Deputy Governor and Minister of Economy, Foreign Trade and Agriculture of Wallonia Willy Borus, Vice Chairman Quyen highlighted the hope that Belgimex will continue to support Ha Noi city in transferring advanced technology to develop 3B cows in Ha Noi in particular, and other provinces in Vietnam in general.
At the cow farm, representatives of Ha Noi Livestock Breeding JSC and representatives of Belgimex signed an MoU on continuing cooperation in completing the process of transferring the 3B cattle breed to Vietnam and importing cow embryos in order to improve the cow herd in Ha Noi and other provinces of the Red River Delta.
So far, more than 30,000 Vietnamese farmers have been participating in the 3B cow breeding programme, and more than 260,000 F1 calves have been born.
Many farmers have become billionaires by raising this breed thanks to its high economic efficiency. Currently, there are a raft of 3B high-yielding cow farms in Viet Nam, totalling 100-200 heads.
On September 19, following Ha Noi's external relation promotion program in 2022, the Ha Noi delegation led by Nguyen Ngoc Tuan, Vice Secretary of Ha Noi Party Committee and Chairman of Ha Noi People's Council, visited and worked in Ireland.
Then, from October 15 to 20, a high-ranking delegation from Ha Noi led by Nguyen Van Phong, Vice Secretary of Ha Noi Party Committee, went to Egypt and Greece.
On October 20, the Ha Noi delegation had a working session with the Athens city's government to discuss the promotion of cooperation potential between the two capitals./.
