Ho Chi Minh City pledges long-term partnership with Slovak businesses

Vietnam and Slovakia have built a solid foundation in traditional manufacturing, significant untapped opportunities remain in advanced industrial sectors where the two countries can collaborate for joint development.

Vice Chairman of the municipal People’s Committee Nguyen Cong Vinh speaks at the event. (Photo: VNA)
Vice Chairman of the municipal People’s Committee Nguyen Cong Vinh speaks at the event. (Photo: VNA)

Ho Chi Minh City (VNA) – Ho Chi Minh City has reaffirmed its readiness to accompany Slovak enterprises over the long term, offering a favourable investment environment and seeking deeper cooperation in high-tech and industrial sectors.

The commitment was highlighted at the Vietnam–Slovakia Business Forum co-organised by the Vietnam Chamber of Commerce and Industry’s Ho Chi Minh City branch (VCCI-HCM) and the Embassy of Slovakia in Vietnam on April 15.

Vice Chairman of the municipal People’s Committee Nguyen Cong Vinh said the city values comprehensive cooperation with Slovak partners through cultural, educational and business connectivity activities.

As the city accelerates development in strategic sectors shaping future competitiveness, such as artificial intelligence, semiconductors, data centre, cloud computing, industrial robotics, automation and smart production, it is seeking investors and partners in research and development, workforce training, and high-tech and industry value chain building, he noted.

Ho Chi Minh City is committed to providing Slovak businesses with broad market opportunities and sustained support in areas of mutual strength, including precision engineering, automotive manufacturing, information and communications technology (ICT) and engineering training, Vinh said. The southern metropolis will continue with institutional reform, expanding digital infrastructure, upgrading logistics systems, enhancing the quality of human resources, and creating the best possible conditions for foreign investors, including those from Slovakia, he said.

Slovak Chargé d’Affaires in Vietnam Marian Veres described Vietnam as a key gateway for Slovakia into Southeast Asia, expressing the hope that Slovakia could similarly serve as an entry point for Vietnamese businesses to access Europe.

As part of a market of nearly 500 million people, Slovakia is well-positioned to attract more Vietnamese enterprises while expanding its investment footprint in Vietnam, he added.

The Slovak delegation to the forum included representatives from government agencies and around 60 leading enterprises operating in the defence industry, renewable energy, automotive, electromechanics, construction, ICT, medical equipment, food and beverages, smart infrastructure, logistics, finance and trade consultancy.

According to Slovak Deputy Minister of Economy Vladimir Simonak, the visit aims to deepen economic ties and translate partnership potential into concrete business outcomes. While both countries have built a solid foundation in traditional manufacturing, significant untapped opportunities remain in advanced industrial sectors where Slovakia and Vietnam can collaborate for joint development.

Business representatives noted that business-to-business (B2B) matchmaking sessions and newly signed cooperation agreements at the forum are expected to lay the groundwork for sustainable partnerships and new business relationships.

VCCI Vice President Nguyen Quang Vinh emphasised that the two sides should better leverage their complementary strengths and maximise opportunities under the EU–Vietnam Free Trade Agreement (EVFTA) to foster economic, trade, and investment ties. He also suggested exploring direct air routes and improving cargo transport links to facilitate trade and investment flows.

He added that businesses should take a more proactive approach in seizing opportunities generated through trade promotion activities such as forums, fairs and exhibitions. Rather than merely assessing potential, companies need to accelerate engagement and fully capitalise on existing agreements to achieve stronger results in 2026./.

VNA

See more

The opening ceremony of the 10th International Livestock, Dairy, Meat Processing and Aquaculture Exposition on May 20 (Photo: VNA)

ILDEX Vietnam 2026 showcases livestock, agri-food innovation

The three-day event is jointly organised by VNU Asia Pacific and Thailand’s ITEC, serving as a platform for business networking, technology exchange and knowledge sharing in the livestock, aquaculture and food industries in Vietnam and Southeast Asia.

Permanent Deputy Prime Minister Pham Gia Tuc and officials inspect the Gia Binh International Airport project on May 20, 2026. (Photo: VNA)

Gia Binh international airport project accelerated ahead of APEC 2027

Tuc described Gia Binh International Airport as a national key project requiring strict adherence to construction timelines, particularly as it is expected to be put into operation in time for the 2027 APEC Economic Leaders' Meeting. Several associated projects are also being implemented under special mechanisms to serve major national tasks.

Vietnamese Ambassador to the Republic of Korea Vu Ho speaks at the forum.(Photo: VNA)

Forum promotes Vietnam–RoK supply chain connectivity

Cao Thi Phi Van, Deputy Director of ITPC, said that after more than three decades of cooperation, Vietnam–RoK ties are shifting from traditional manufacturing cooperation towards mastering future-oriented technologies such as semiconductors, artificial intelligence (AI), digital finance, renewable energy and global supply chains.

Fitch Ratings gives positive assessment of Vietnam’s economic fundamentals (Illustrative image. Source: VNA)

Fitch Ratings gives positive assessment of Vietnam’s economic fundamentals

Deputy Minister Tran Quoc Phuong stressed that Fitch’s credit assessments have enhanced Vietnam’s image and credibility in international financial markets, and provided additional motivation for the country to continue improving institutions, strengthening policy management efficiency and increasing economic transparency.

Consumer purchases E10 biofuel at a PVOIL petrol station on Thai Thinh street in Hanoi. (Photo: VNA)

Hanoi strengthens oversight of transition to E10 biofuel

To ensure compliance with the transition roadmap, the Hanoi Market Surveillance Sub-Department has requested petrol traders to proactively review and upgrade storage tanks, fuel pumps and other technical conditions necessary for E10 distribution, thereby preventing disruptions to fuel supply serving consumption and production demands across the capital.

A Phu Tho civil servant guides a local how to switch from presumptive tax mechanism to tax sef-declaration. (Photo: VNA)

📝OP-ED: Vietnam’s tax reform: Fair play, not revenue squeeze

At a time when social media disinformation grows more sophisticated, transparency and public disclosure are the most potent counter to distortions. Facts, data and real-world results deliver the strongest rebuttal to attempts that twist reality and erode trust in tax administration reform.

Experts are expected to analyse opportunities for boosting exports and investment cooperation between Vietnam and South American countries at the coming seminar. (Illustrative photo: VNA)

Seminar on trade promotion in South American market to take place in Hanoi

A seminar on opportunities and challenges in developing the South American market will be held in Hanoi on May 28. It aims to provide updates on the economic outlook, market trends and import demand in South America, particularly in Argentina and Chile, amid continued fluctuations in global supply chains.