Room remains to boost Vietnam-Hungary cooperation: official
Budapest (VNA) – 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.
He made the statement at a Hungary-Vietnam
dialogue on economic, trade and investment cooperation held on June 27 (local
time) in Budapest, which was part of National Assembly Chairman Vuong Dinh Hue's official visit to the European
country. The event drew the participation of nearly 100 businesses from two
countries.
Trade value between the
two countries surged from 266 million USD in 2016 to 1.3 billion
USD in 2020.
Thanh emphasised that Vietnam’s economy has achieved important improvements in the 35
years since adopting the doi moi (renewal) process. The country’s GDP reached
6% in the 2016-2021 period. Despite the COVID-19 pandemic, its economy expanded by 2.58
percent last year, being one of the few countries in the world that posted positive
growth.
Aside
from Vietnam's efforts, the cooperation and assistance of international friends,
including friendly collaboration between Vietnam and Hungary, also contributed to
the achievements, Thanh said, adding the dialogue offers an opportunity for the two
sides to promote the collaboration between their enterprises.
For his
part, Peter Andras Sztaray, Secretary of State for the Ministry of Foreign Affairs and
Trade of Hungary, affirmed that the country’s business community wishes to
promote trade cooperation with Vietnam.
The
close relationship between the two countries is an effective tool to strengthen
trade relations between the two countries in the coming time, he said.
Participants at the event discussed issues of mutual interest. Officials
of the two sides pledged to create favourable conditions for Hungarian
investors to make successful, effective and long-term investments in Vietnam./.