The Vietnam – Hungary Friendship Association in Ho Chi Minh City held a ceremony on August 20 to mark Hungary’s National Day (August 20).

Addressing the event, Professor, Dr. Le Minh Triet, President of the Vietnam – Hungary Friendship Association in HCM City recalled the support that Hungary has provided to Vietnam in the process of national defence and construction. More than 3,500 Vietnamese scientists, engineers and skilled workers have received training in Hungary .

The two countries have also maintained stable economic ties in recent years, with two-way trade turnover reaching 168 million USD in 2011, in which Vietnam’s exports to Hungary were worth 51 million USD. At presente, Hungary has 11 valid FDI projects in Vietnam , with total registered capital of 45.2 million USD. Hungarian investors are mainly involved in processing and manufacturing industries.

Do Van Thanh, Honorary Consul of Hungary in HCM City, noted that the cooperation between the two countries has been deepened, as seen through the exchange of visits by many high-level delegations in the fields of finance, justice and internal affairs.

The Hungarian Government has been supporting a number of projects in Vietnam, including the building of a 500-bed hospital in Can Tho city.-VNA