The Vietnam-Hungary Business Forum in capital city of Budapest on October 12 evaluated the status of economy and trade relations between Vietnam and Hungary, as well as cooperation opportunities.
Enterprises exchange ideas for co-operation opportunities at the event. (Source: VNA)
The Vietnam-Hungary Business Forum in Hungary’s capital city of Budapest on October 12 evaluated the status of economy and trade relations between Vietnam and Hungary, as well as cooperation opportunities when the EU-Vietnam free trade agreement is signed in the coming time.
The forum was hosted by the Vietnamese Embassy in Hungary, the Vietnam Trade Promotion Agency (Vietrade), the Mutrap Project and the Hungarian National Trading House.
Speaking at the forum, Vietnamese Ambassador in Hungary Nguyen Thanh Tuan said Vietnam’s economy was developing constantly, with a high growth rate. The country’s gross domestic product was expected to reach over 6 percent this year, and Vietnam’s Government always created favourable conditions for domestic and foreign enterprises.
The diplomat said the EU was Vietnam’s second biggest trading partner, with two-way trade hitting nearly 37 billion USD in 2014. It was also the country’s large investor, with total investment capital reaching over 36 billion USD.
Director of Vietrade Bui Huy Son spoke about business and investment opportunities in Vietnam, as the country integrates more deeply into the world economy.
He added that Vietnam is an open market with an attractive business and investment climate. The country is willing to welcome Hungarian enterprises into Vietnam.
On the occasion, representatives from the Hungary Trade Development Agency and Exim-Bank introduced their services and pledged to support the two countries’ businesses.
Enterprises from Vietnam and Hungary at the forum exchanged ideas for co-operation opportunities in fields of apparel, agriculture, beverage, pharmaceutical products.
A contract to ship 200 tonnes of rice to a Hungarian partner was reached at the event.
In the first eight months of 2015, Vietnam’s export turnover to Hungary reached 122 million USD, an increase of 8.3 percent compared with the same period in 2014.-VNA
The 65th anniversary of the establishment of diplomatic relations between Vietnam and Hungary (February 3, 1950-2015) was celebrated in HCM City on February 4 at a ceremony by the city’s Vietnam-Hungary Friendship Association and the Vietnam Union of Friendship Organisations.
A recent Hungary visit of a delegation led by Deputy Foreign Minister Bui Thanh Son has produced positive outcomes and set tasks for the two countries to further their multifaceted collaboration.
Hungarian businesses were provided with updated information related to Vietnam’s investment and tariff incentive policies during a workshop held recently by the Vietnamese Embassy in Hungary and the Chamber of Commerce and Industry of Vas county.
A cultural show themed "Dialogue through art and music" was recently held in New York as a joint effort of the Permanent Missions of Vietnam and Hungary to the United Nations with the aim to strengthen friendship and understanding between nations.
The Vietnam-Hungary Friendship Association (VHFA) was presented the Vietnamese State’s Labour Order, third class, for its significant contributions to the two countries’ relations.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Enterprises exchange ideas for co-operation opportunities at the event. (Source: VNA)
