Conference to Boost Trade, Investment Ties with Eastern Europe

The Vietnam Chamber of Commerce and Industry (VCCI) and Embassies of the Czech Republic, Poland and Hungary co-chaired a conference on trade and investment co-operation in these markets in central Danang city on June 4.

 

The meeting, firstly held Danang, is within the framework of the Vietnam-EU Business Forum, which helps to promote trade and economic ties between two-two enterprises.

 

Participants at the seminar were told about opportunities for trade and investment co-operation in the three nations.

 

The diplomats also analyzed the impacts of the current financial crisis on bilateral ties between Vietnam and their respective countries and proposed a number of solutions.

 

Szabo Zoltan, from the Hungarian embassy, said Hungarian investors are interested in business in Vietnam for its dynamic economy, attractive investment environment and political stability. 

 

Vietnamese enterprises are also being offered chances to do business in Hungary, a market of 500 million consumers, he added.

 

Martin Vlastnik, the Czech embassy’s First Secretary of the Economy and Trade said that in recent years, bilateral trade between the two countries have grown remarkably to US$155 million in 2008 from US$92 million in 2006 and US$73.9 million in the first half of this year.

 

Two-way trade between Vietnam and Poland hit US$640 million last year, much higher than the target of US$500 million set for 2010, according to the Vietnamese Ministry of Industry and Trade.

 

The ministry also said that Vietnam's trade with Hungary reportedly reached US$100 million in 2008 and it aims for bigger trade with the European country this year. (Youth)