Politics

Framework agreement deemed landmark in Vietnam-Hungary ties

The signing of a framework agreement on credit cooperation between the Vietnamese and Hungarian Governments is an important landmark in the two countries’ diplomatic activities this year.
Framework agreement deemed landmark in Vietnam-Hungary ties ảnh 1Deputy Prime Minister and Foreign Minister Pham Binh Minh (R) meets Balogh Csaba, Minister of State at Hungary’s Ministry of Foreign Affairs and Trade, in Hanoi on January 11 (Photo: VNA)

Hanoi (VNA) – The signing of a frameworkagreement on credit cooperation between the Vietnamese and HungarianGovernments is an important landmark in the two countries’ diplomaticactivities this year.
 
Deputy Prime Minister and Foreign Minister PhamBinh Minh made the comment during a meeting in Hanoi on January 11 withBalogh Csaba, Minister of State at Hungary’s Ministry of Foreign Affairs andTrade.

Minh highly valued the two Governments’ effortsin speeding up the finalisation of this agreement, which is worth 440 millionEUR. He said the deal is a good preparation for an official visit to Vietnamslated for April by Hungarian PM Viktor Orban.

With this framework agreement, the two sideswill implement many cooperation projects in the spheres of Hungary’s strengthand Vietnam’s demand such as water resources management, wastewater treatment,information technology, cyber security and health care, he noted.

He also spoke highly of cooperation mechanismsat all levels between the two countries, adding that a vice speaker ofHungary’s parliament will visit Vietnam in mid-January and his country also isready to welcome the Hungarian PM this April.

He added bilateral trade remains low and is yetto match the countries’ potential and expectations. Hence, it is necessary toreview the implementation of the minutes of the sixth session of their jointcommittee on economic cooperation so as to design new cooperation programmes inpreparation for the seventh session, scheduled for March in Hungary.

At the meeting, the officials also acknowledgedthe role of Vietnamese people who were trained in Hungary in bolsteringbilateral ties and mutual understanding.-VNA
VNA
#credit cooperation #Pham Binh Minh #framework agreement #Hungarian Prime Minister Hungary Vietnam
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