Hungarian Prime Minister calls on Vietnamese businesses to invest

Prime Minister Viktor Orban asked Vietnamese businesses to increase investment and affirmed that Hungary "always stands on the side of peace" and creates a safe investment environment.

On the afternoon of January 19 in Budapest, during an official visit to Hungary, Prime Minister Pham Minh Chinh and Hungarian Prime Minister Viktor Orban participated in the Business Forum between the two countries.

Prime Minister Pham Minh Chinh called on investors and businesses from Hungary and Vietnam to invest in the two countries, contributing benefits and strengthening the good relationship between Vietnam and Hungary.

"There is no reason not to invest, do business and develop your strengths in Vietnam and Hungary. I hope investors will deeply understand the two countries to bring benefits to themselves and the two countries," Prime Minister Pham Minh Chinh told the business community.

Mr. Viktor Orban also suggested that Vietnamese businesses increase their investment in Hungary. "Vietnam's economy is growing strongly, so please invite strong Vietnamese representatives to Hungary to invest, in addition to doing business. This will also support investment relations between the two countries," said the Hungarian Prime Minister.

Hungarian Prime Minister Viktor Orban at the Vietnam - Hungary Business Forum on the afternoon of January 19 in Budapest. Photo: Tran Thuong

According to Mr. Orban, the economic scale may not be the same as Vietnam's, but Hungary is a diversified economy. And this will benefit businesses that want to invest. Rubik's cube, ballpoint pen, coffee maker or computer are all Hungarian creations.

"Vietnam should respect us, not just look at the scale but need to evaluate other factors in the Hungarian economy," said President Viktor Orban.

The Vietnamese side called on Hungarian businesses to invest in areas that are growth drivers, such as consumption, export and investment, while focusing on new drivers such as green economy, circular economy, digital transformation, or artificial intelligence.

Prime Minister Pham Minh Chinh at the Vietnam - Hungary Business Forum on the afternoon of January 19 in Budapest. Photo: Tran Thuong

Leaders of both sides also affirmed that they will create a "reassuring" investment environment for investors.

Amid concerns about the impact of Ukraine tensions on Hungary, Prime Minister Orban said that "this is not a problem", because Hungary is always on the side of peace.

"We will not have any policy that would put Hungary at risk of conflict," he said.

Similarly, the Vietnamese Government is committed to protecting the legitimate rights and interests of investors. "We always keep in mind that we must accompany, encourage and protect investors so that they can feel secure when coming to Vietnam. No one will invest in a country without stable policies," said the Prime Minister.

In front of the business community, the Prime Minister also recalled the difficulties in Vietnam's development process when it had to go through many wars, sieges, and embargoes. However, after nearly 40 years of innovation and integration, the size of the economy has increased more than 53 times, from 8 billion USD in 1986 to about 430 billion USD in 2023, from an underdeveloped country to a middle-income developing country.

In recent years, the world and the region have faced difficulties, but Vietnam's macro-economy has remained stable, inflation has been controlled, growth has been promoted and major balances have been ensured.

The Prime Minister affirmed that Vietnam will always comply with international commitments and promote free trade agreements and investment protection agreements. "Hopefully, when the 150th anniversary comes, both countries will be stronger, more powerful, and cooperate more effectively, bringing greater benefits to people and businesses," the Prime Minister said.

Minh Son - Vnexpress.net

Source link