Hungary, VN strengthen business ties

10:45 | 13/03/2015

VGP – Viet Nam has called for Hungarian investments in its industrial and logistics sectors.

Addressing the Viet Nam-Hungary business forum in Ha Noi on March 12, Industry and Trade Deputy Minister Ho Thi Kim Thoa pointed to the steady bilateral trade growth and emphasized that greater efforts are required for Vietnamese and Hungarian businesses to tap their trade potential .
Mr. Lang said that with its developed industrial base, Hungary could help Viet Nam to renovate equipment and create added value for export products.

The country also wants Hungarian businesses to invest in the services, logistics, forwarding and health care sectors.

According to statistics from the Ministry of Industry and Trade, two-way trade between Viet Nam and Hungary reached $174 million in 2014.

Deputy CEO of Hungary’s National Trading House Gabor Kun said his agency set up a representative office in Viet Nam to facilitate the international operations of Hungarian small- and medium-sized firms.

Viet Nam’s major export items to Hungary include foodstuffs and telecommunications. Hungary now has 13 projects in Vietnam involving agriculture, medicines, and medical equipment.

Viet Nam and Hungary recently celebrated the 65th anniversary of the establishment of diplomatic relations (February  3, 1950 – February  3, 2015 ).

                                                                                                            By Ngoc Van