Vietnamese and Czech firms to foster links

Vietnam-Czech business forum in Ho Chi Minh City (Source: VNA)

 Vietnamese and Czech enterprises should take full advantage of opportunities by defining strategic and feasible cooperation fields to further their links, a Vietnamese economic expert has said.

Speaking at a business forum in Hanoi on October 23, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Doan Duy Khuong affirmed his agency will work closely with its Czech counterparts to support the two countries’ enterprises to seek and set up partnerships.

With its vast potential, Vietnam will be an effective partner for Czech firms, Khuong affirmed.

Stanislav Kazecky, Vice President of the Confederation of Industry of the Czech Republic, stressed that his county wants to expand links with Vietnamese enterprises, especially in energy, automobile manufacturing, waste water treatment, oil refinery and healthcare.

Co-hosted by VCCI, the Ministry of Foreign Affairs and the Confederation of Industry of the Czech Republic, the forum brought together a crowd of Vietnamese firms and nearly 20 Czech enterprises operating in waste water treatment technology, mechanics, construction, turbine manufacturing, renewable energy, electronics and automation.

According to the VCCI, bilateral trade hit nearly 295 million USD in 2014, nearly 20 percent higher than that of the previous year.

The Czech Republic’s main exports to Vietnam included machinery and equipment, spare parts and electronics while Vietnam mainly shipped garments, footwear, machines and spare parts to the European country.

Czech investors are operating 48 projects worth more than 100 million USD in Vietnam.-VNA