The Vietnam-Czech Republic Business Forum took place in Hanoi on January 21, aiming to help businesses from both countries to strengthen links and promote economic and trade ties between the two countries.
Addressing the event, Deputy Minister of Industry and Trade Nguyen Nam Hai noted that the Czech Republic is one of Vietnam ’s largest partners in Eastern Europe. Two-way trade reached a record 242.1 billion USD in 2012, up 10 percent from the previous year.
It is noteworthy that Vietnam ’s imports from Czech Republic surged 70 percent from 2011 to 62.02 million USD.
By December, 2012, Czech businesses had invested in 27 projects in Vietnam , with a total registered capital of 65.5 million USD, mainly in areas of glass and crystal, beer, electric equipment and construction materials.
Meanwhile, Vietnam had four projects in the Czech Republic with total capital of 5.3 million USD. The projects are in property and construction materials.
Speaking at the forum, the Vietnam Chamber of Commerce and Industry President Vu Tien Loc said trade and investment ties between the two countries’ business communities have developed steadily, but bilateral trade revenue has yet to meet the demand of both national economies.
Vietnam can serve as a bridge for the Czech Republic to penetrate the ASEAN market. At the same time, the Czech Republic can help Vietnamese goods reach the European Union, he said.
Loc emphasised that the Vietnamese Government is stepping up institutional and administrative reform to meet the requirements of the market economy and international integration, creating a clear and transparent environment for trade and investment activities.
The VCCI will help businesses from both countries increase economic and investment cooperation.
Martin Kuba, Czech Minister of Industry and Trade, stressed that his country considers Vietnam one of 12 prioritised trade countries, which will boost cooperation between the two countries./. VNA
Addressing the event, Deputy Minister of Industry and Trade Nguyen Nam Hai noted that the Czech Republic is one of Vietnam ’s largest partners in Eastern Europe. Two-way trade reached a record 242.1 billion USD in 2012, up 10 percent from the previous year.
It is noteworthy that Vietnam ’s imports from Czech Republic surged 70 percent from 2011 to 62.02 million USD.
By December, 2012, Czech businesses had invested in 27 projects in Vietnam , with a total registered capital of 65.5 million USD, mainly in areas of glass and crystal, beer, electric equipment and construction materials.
Meanwhile, Vietnam had four projects in the Czech Republic with total capital of 5.3 million USD. The projects are in property and construction materials.
Speaking at the forum, the Vietnam Chamber of Commerce and Industry President Vu Tien Loc said trade and investment ties between the two countries’ business communities have developed steadily, but bilateral trade revenue has yet to meet the demand of both national economies.
Vietnam can serve as a bridge for the Czech Republic to penetrate the ASEAN market. At the same time, the Czech Republic can help Vietnamese goods reach the European Union, he said.
Loc emphasised that the Vietnamese Government is stepping up institutional and administrative reform to meet the requirements of the market economy and international integration, creating a clear and transparent environment for trade and investment activities.
The VCCI will help businesses from both countries increase economic and investment cooperation.
Martin Kuba, Czech Minister of Industry and Trade, stressed that his country considers Vietnam one of 12 prioritised trade countries, which will boost cooperation between the two countries./. VNA
