Vietnam is currently among the world’s top five agricultural exporters, with key products such as coffee, cashew nuts, pepper, tea, rice, tropical fruits, and seafood increasingly favoured by European consumers, including those in Hungary.
A business seminar has been held in Nograd county of Hungary with a view to promoting economic and trade relations between Vietnam and the European country.
Chairman of the People’s Committee of the Mekong Delta city of Can Tho Tran Viet Truong and Hungarian Ambassador Baloghdi Tibor compared notes on measures to promote cooperation in high-tech agriculture and infrastructure construction during their meeting on November 29.
Although substantial results have been achieved between Vietnam and Hungary in terms of economic cooperation, it is still not really commensurate with the potential of the two sides, Deputy Prime Minister Le Van Thanh has said.
Trade between Vietnam and Hungary has grown continually over the past years, and it is believed that there remains much room for the Southeast Asian country to fuel exports to this European nation.
Vietnam has become the first Southeast Asian nation to earn over 1 billion USD from exporting goods to Hungary and the European country’s leading exporter from this region since 2000, according to the Ministry of Industry and Trade.
Bilateral trade between Vietnam and Hungary hit a historic record of more than 1 billion USD in 2020, reflecting the enhanced relationship between the two countries in recent years.
The People’s Committee of the Mekong Delta province of Hau Giang on May 4 held a video meeting with some foreign partners and investors on water supply infrastructure, and wastewater and solid waste treatment projects in the locality.
A delegation of the State Audit Office of Vietnam led by Auditor General Ho Duc Phoc had a meeting with audit officials of Hungary on the sidelines of the 7th international integrity seminar organised by the State Audit Office of Hungary that opened on February 24.
Vietnam and Hungary have agreed to boost comprehensive collaboration across politics, economy-trade, science-technology, culture, tourism, finance, agriculture, and security-defence to mark the 70th anniversary of bilateral diplomatic relations (February 1950-2020).
The Vietnam-Austria joint venture Mavin Group will join hands with Hungarian institutes and firms to improve the quality of carp fry in Vietnam and the Southeast Asian region.
Ho Chi Minh City stands ready to help Hungary gain broader access to ASEAN and Asian-Pacific markets while facilitating Hungarian investors’ long-term business in the city, according to a local leader.
The Ministry of Agriculture and Rural Development has decided to halt the import of pork and pork products from Hungary and Poland to prevent the African Swine Fever (ASF) virus from entry into Vietnam.
There is still large room for the economic and trade ties between Vietnam and Hungary to grow, as bilateral trade stood at only 354.3 million USD in 2017.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong and Hungarian Minister Fazekas Sandor has agreed that Vietnam and Hungary should work harder together to tap the high potential of agriculture partnership.
Vietnamese and Hungarian businesses had a chance to step up their cooperation in such areas as information-technology and high-tech agriculture at a forum in Hanoi on September 25.
Deputy Foreign State Secretary Szilveszter Bus of Hungary affirmed Hungary endorsed Vietnam-EU Free Trade Agreement and will soon pass it to lay a foundation for furthering economic-trade cooperation
The Vietnam-Hungary Business Forum in capital city of Budapest on October 12 evaluated the status of economy and trade relations between Vietnam and Hungary, as well as cooperation opportunities.
