The Hungarian National Trading House (HNTH) was launched in Hanoi on June 19 aiming to promote trade activities between Hungarian and Vietnamese enterprises.

The opening marks a boost in economic cooperation between the two countries that has occurred in recent years.

CEO of the worldwide HNTH, Gyorgy Kerekes said the establishment of the Hungarian National Trading House would help speed up bilateral trade across a range of sectors.

"The HNTH in Vietnam is highly considered as a bridge to assist enterprises from two sides in main sectors including agriculture, food, medical devices, information and technology, environment, health care, infrastructure and construction," Hungarian Ambassador Eszter Torda said.

The office will help enterprises seek out potential business partners, prepare commercial transactions, conduct business negotiations, provide market information, bench marking and assist in raising capital.

This is the 10th office of the HNTH, with the Hungarian Government expected to open a further 15 offices around the world by the end of this year.

Expanding bilateral cooperation between Hungary and Vietnam is an important cornerstone in the Hungarian Government's "Opening towards the East" policy.-VNA