Business

Czechia-Vietnam trade forum explores opportunities from EVFTA

A Czech Republic-Vietnam trade forum was held in Brno City, the capital of the South Moravian Region on September 10, aiming to provide local enterprises with information on Vietnam’s business environment.
Czechia-Vietnam trade forum explores opportunities from EVFTA ảnh 1Vietnamese Ambassador to the Czech Republic Thai Xuan Dung speaks at the Czech Republic-Vietnam trade forum in Brno City, the capital of the South Moravian Region on September 10. (Photo: baoquocte.vn)
Prague (VNA) – A Czech Republic-Vietnam tradeforum was held in Brno City, the capital of the South Moravian Region onSeptember 10, aiming to provide local enterprises with information on Vietnam’sbusiness environment.

The event also aimed to explore opportunities for enhancingtrade, investment and economic ties between the two countries as the EU-VietnamFree Trade Agreement (EVFTA) has entered into force.

In her opening remarks, Czech Deputy Prime Minister and Finance Minister Alena Schillerova said this is the first tradeforum organised by the Czech Ministry of Finance in collaboration with the Czech Confederationof Industry and the Association of Young Vietnamese Entrepreneurs to foster thetwo countries’ long-standing relations in trade and economics.

According to the Deputy PM, Vietnam is Czechia’s secondlargest trade partner in Southeast Asia and the 13th globally. Vietnamexports to the Czech Republic consumer and industrial goods while many Czech companies, includingthose specialised in medical equipment, have succeeded in Vietnam, she said.

The EVFTA will bring even more opportunities for their tradeand economic ties to thrive further in the coming time, she continued, addingthat it is expected to lift the two-way trade by at least 50 percent.

Czechia wants to ramp up cooperation with Vietnam in the fieldsof energy, environment, healthcare, and defence industry, she said.

Vietnamese Ambassador to the Czech Republic Thai Xuan Dung said despite adverse impacts of COVID-19,the bilateral trade grew by over 22 percent to 1.5 billion USD in 2020. It totalled936 million USD in the first half of this year, up 28 percent year on year.

The Vietnam-Czechia economic and trade relations hold hugepotentials to grow to a new height after the trade pact took effect, he said,noting that Vietnam highly appreciates the Czech Republic's backing of the process of theEVFTA ratification and the Czech parliament's approval of the EU-VietnamInvestment Protection Agreement (EVIPA) only shortly after the European Parliament(EP) ratified the EVFTA.

Discussion at the forum focused on Vietnam’s businessclimate, opportunities to boost two-way trade, and the Southeast Asian country’sorientation in agricultural and food exports./.
VNA
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