Brussels (VNA) - The People’s Committee of Tay Ninh, in coordination with the Embassy of Vietnam in Brussels, held an investment promotion conference on June 19 as part of a working visit to Belgium.

At the event, Secretary of the provincial Party Committee Nguyen Van Quyet said the strong traditional ties between Vietnam and Belgium, along with the European Union-Vietnam Free Trade Agreement (EVFTA), are creating new opportunities for businesses on both sides to expand investment and trade, and deepen participation in global value chains.

He noted that Tay Ninh has an economy worth more than 14 billion USD, placing it among Vietnam’s 10 largest local economies, with a strategic location linking Ho Chi Minh City and several countries in ASEAN.

Tay Ninh wishes to become a trusted partner of the Belgium business community, particularly in areas such as circular economy, clean energy, environmental technology, biotechnology and advanced agriculture, the official said.

Ambassador Nguyen Van Thao said Tay Ninh has strong potential to capture a new wave of investment from Europe, citing its strategic location.

He said that as the EVFTA continues to deliver results, many Belgium businesses are looking to expand cooperation in Vietnam, particularly in logistics, green industry, high-tech agriculture and sustainable development.

The ambassador said he is confident that with a clear development strategy and the local authorities’ commitment to supporting businesses, Tay Ninh will further strengthen its appeal to Belgian and broader European investors in the coming years.

According to Vice Chairman of the Tay Ninh People’s Committee Huynh Van Son, the province is home to more than 2,000 active investment projects with total registered capital of about 26 billion USD, ranking among Vietnam’s leading localities in attracting foreign direct investment.

At the conference, many businesses operating in Belgium said Tay Ninh holds strong potential and has been proactive in supporting investors.

Beyond exchange and networking activities, the conference also witnessed the signing of a memorandum of understanding between Association of Vietnamese Intellectuals in Belgium and Luxembourg and Tay Ninh.

The partnership aims to strengthen links between overseas Vietnamese experts and intellectuals and the province in scientific research, innovation and the development of high-quality human resources.

A highlight of the event was the presentation of an investment registration certificate for the Be Milk Dairy Plant project by Swiss Asia Partner at Prodezi Industrial Park in Tay Ninh, with total investment exceeding 100 million USD./.