Vietnam and Hungary have agreed to step up their mutually beneficial cooperation in various potential areas during the fifth session of the two countries’ Joint Committee on Economic Cooperation that took place in Budapest last September.

The targeted realms include trade, industry, credit finance and investment, health, agriculture, water supply, environmental protection, information technology and communications, education and training, science and technology, tourism, transport and infrastructure.

The Vietnamese Ministry of Industry and Trade (MoIT) said on November 21 that the two sides reached consensus on the early signing of cooperation agreements in banking and vegetation quarantine in order to boost their economic and trade ties in the coming time.

Vietnam and Hungary will also create favourable conditions in terms of mechanism and policy for their businesses to enhance cooperation, the ministry said.
The committee’s fifth session was co-chaired by MoIT Deputy Minister Ho Thi Kim Thoa and Hungarian State Secretary for Foreign Affairs and External Economic Relations at the Prime Minister’s Office Peter Szijjiarto.-VNA