Belgium is proud to have contributed significantly to the development of Vietnam from 1977 with the ODA source amounting to € 20-25 million a year. The bilateral development cooperation program between Belgium and Vietnam officially ended at the end of June 2019, but Belgium continues to support Vietnam through academic cooperation, NGOs, the private sector – with the Belgian Investment Company for Developing Countries (BIO). Vietnam remains the recipient of the Belgian concessional ODA financing managed by Finexpo. The French-speaking Community of Belgium (WBI) also has its own cooperation program with Vietnam on specific areas such as medicine, education and civil engineering.
Over the last four decades an important number of Vietnamese students have been able to benefit from the excellent Belgian education system via different scholarship schemes. So far about 4,000 Vietnamese students have studied in Belgium. The Solvay Business School has a MBA and a Master Program in Vietnam since 1995 counting about 2.500 alumni. The Port of Antwerp provides training seminars for Vietnamese professionals in port management.
Since 2018, Belgium has been Vietnam’s strategic partner in the agricultural sector.
Belgium is the 6th European trade partner of Vietnam. The trade volume between both countries hovers now around € 3 billion a year. This volume increases every year, a sign of growing economic complementarity. Goods that are traded are mainly chemicals, machines, iron, textile and shoes, and agricultural products. Belgian companies work on river and port projects and are also active in the area of food (aquaculture, coffee, cocoa), the management of water and waste, and innovative technologies.
Belgium’s Flanders and Walloon Regions have maintained close relations with Vietnam in infrastructure, logistics, seaports, culture, education, science and technology, healthcare, and construction.