Hungarian firms updated on Vietnam’s investment incentive policies

Hungarian businesses were provided with updated information related to Vietnam’s investment and tariff incentive policies during a workshop held recently by the Vietnamese Embassy in Hungary and the Chamber of Commerce and Industry of Vas county.
Hungarian businesses were provided with updated information related toVietnam’s investment and tariff incentive policies during a workshopheld recently by the Vietnamese Embassy in Hungary and the Chamber ofCommerce and Industry of Vas county.

Speaking atthe event, Ambassador Nguyen Thanh Tuan shared that the VietnameseGovernment regularly revises policies so as to facilitate business andinvestment of domestic and foreign enterprises.

As a developingeconomy, Vietnam has great demand of capital, technology, equipment andmaterials for production and consumption activities, he noted.

Theambassador stressed that the 65-year traditional friendship between thetwo countries serves as a firm foundation for closer link in the comingtime.

President of Vas County Council Laszlo Majthenyi affirmedthat the county authorities will create most favourable conditions forthe two sides’ companies to do business with each other.

Meanwhile,President of the Chamber of Commerce and Industry of Vas county KovacsVince suggested textile and garment, food processing, pharmaceuticalproduct and tourism as fields of good potential for partnership betweenVietnamese and Hungarian firms.

Commercial counsellor NguyenTrung Dung made detailed introduction on Vietnam’s socio-economicsituation, investment climate, as well as the market and policiesrelated to investment and taxation.

He pointed topossible problems due to geographical distance and differences inlanguage, culture, business practices and consumption habits between thetwo countries, proposing that the two sides need to enhance theexchange of business delegations and organise more goods exhibitions andfairs to promote mutual understanding.

During the workshop, Vietnamese and Hungarian firms had direct meetings to share their demand and cooperation opportunities.-VNA

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