Hungarian President Áder János arrived in Hanoi on November 26 for his State visit that will run through November 30 at the invitation of President Truong Tan Sang.

He was accompanied by his spouse Herczegh Anita, Hungary’s Ambassador to Vietnam Torda Eszter, and senior officials of the President Office.

Vietnam and Hungary established diplomatic ties in 1950 and the Middle European nation provided Vietnam with valuable support in its national construction and defence. The bilateral politic relations have developed strongly in recent time through the exchange of high-level visits.

Hungary attaches special importance to expanding relations with Vietnam as part of its Look East Policy.

The bilateral economic ties have seen positive progress recently with two-way trade in 2013 and in the first eight months of this year hit 148 million USD and 113.5 million USD, respectively. Vietnam mainly sells electronics, wood and wooden products and aquatic products to Hungary, while importing machinery, equipment, pharmaceuticals, and animal feed.

At present, Hungary are operating 12 FDI projects in Vietnam with a total registered capital of 47.3 million USD.

Regarding development cooperation, the country has committed to maintaining its official development assistance provision for Vietnam in the coming time.

The Vietnamese community in Hungary currently numbers around 4,000.-VNA