VN wishes to further strengthen economic-trade ties with Hungary
17:42 | 25/09/2017
VGP – The Government and people of Viet Nam wish to speed up economic and trade cooperation with traditional partners, including Hungary.

Hungarian PM Orbán Viktor and Deputy PM Vu Duc Dam (L, standing) witness the signing ceremony of cooperative documents between Viet Nam and Hungary. Photo: VGP

Deputy PM, FM Vu Duc Dam made the above statement at the Viet Nam-Hungary Business Forum in Ha Noi on September 25.

He called on Hungarian investors to pour investments in Viet Nam featured with political stability, young population and rising income, and a gateway to a bigger market of 600 million people.

This is time for both countries to figure out concrete and practical measures to vigorously boost trade and investment ties, the Vietnamese Deputy PM said.

The two Governments have signed a number of cooperation documents, including agreements on avoidance of double taxation, investment encouragement and protection and many ministerial-level deals.

He affirmed that the Vietnamese Government commits to creating favorable conditions for Hungarian investors to further expand trade and investment with Viet Nam.

Speaking at the event, Hungarian PM Orbán Viktor said the bilateral trade advanced quickly with the annual growth rate 30-40% but potential remains vast.

He suggested Vietnamese businesses seek opportunities with Hungarian partners in such fields like medical industry, information technology, traffic organization, population management, agriculture, and food safety.

PM Orbán Viktor said his country offers low tax rate and other preferential treatments to investors.

The two-way trade value rose 35.7% to US$266 million in 2016, according to Ms. Pham Thi Thu Hang, General Secretary of the Viet Nam Chamber of Commerce and Industry (VCCI).

In the first four months this year, the figure reached US$104.4 million, up 8.3% against the same period last year.

Viet Nam’s key exports include computers, electronic products and components, garment and textile and footwear./.

By Huong Giang

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