Vietnam-Hungary strengthen business connectivity and cooperation

Many Hungarian enterprises expressed their desire to expand investment and business with Vietnam, while Vietnamese enterprises affirmed their determination to increase exports to Hungary.

Vietnamese Ambassador to Hungary Bui Le Thai delivered the opening speech at the conference. (Photo: VNA)

According to a VNA correspondent in Europe, on October 28, the Vietnamese Embassy in Hungary coordinated with the Hungarian Chamber of Commerce and Industry (Csongrád-Csanád County), the Hungary-Vietnam Business Council and the Hungarian Export Promotion Agency to organize a Vietnam-Hungary Trade Promotion Workshop in Szeged city.

The event was attended by Vietnamese Ambassador to Hungary Bui Le Thai, representatives of the Trade Office, Embassy staff, President of the Chamber of Commerce and Industry of Csongrád-Csanád County, President of the Hungary-Vietnam Business Council, leaders of the Hungarian Export Promotion Agency, and many representatives of businesses from both countries.

In his opening speech, Ambassador Bui Le Thai emphasized the significance of the workshop held in Szeged - a dynamic and potential economic center of Hungary in connecting the business community, promoting substantive cooperation, contributing to enhancing bilateral economic and trade relations.

The Ambassador affirmed that Vietnam is one of the safest and most attractive investment destinations in Asia, possessing a stable business environment, preferential policies, young, highly skilled human resources, and a market of more than 100 million people.

Vietnam's revised Investment Law continues to create maximum convenience for foreign investors through simplifying procedures, reducing costs and increasing transparency, while Vietnamese enterprises are increasingly improving their capacity to meet the quality standards and tastes of the European Union (EU) market, including Hungary.

Vietnam is currently in the top 5 agricultural exporting countries in the world , with key products such as coffee, cashew nuts, pepper, tea, rice, tropical fruits and seafood increasingly popular with European consumers, including Hungary.

Besides, Vietnam has become a center for manufacturing electronic components and smartphones for many global corporations such as Samsung, Intel, LG, along with textile, footwear, wooden products, and handicrafts with great potential for export to Europe.

Vietnamese Ambassador to Hungary Bui Le Thai (far left) and delegates took a souvenir photo at the conference. (Photo: VNA)

At the workshop, delegates enthusiastically discussed cooperation opportunities in the fields of pharmaceuticals, biomedicine, food processing, clean energy, digital technology , smart manufacturing, environmental technology and wastewater treatment.

Many Hungarian enterprises expressed their desire to expand investment and business with Vietnam, while Vietnamese enterprises affirmed their determination to increase exports to Hungary, making the most of the benefits from the Vietnam-EU Free Trade Agreement (EVFTA).

Within the framework of the event, the Vietnamese Embassy in Hungary displayed typical Vietnamese export products such as coffee, tea, cashew nuts, rice, processed fruits, and handicrafts, creating opportunities for businesses and guests to directly experience the quality, design, and packaging of Vietnamese products.

At the end of the workshop, delegates and guests enjoyed traditional Vietnamese cuisine and watched a video clip introducing 75 years of Vietnam-Hungary friendship, Vietnam's impressive development achievements over the past nearly 80 years, and promotional images of Vietnam's country, people and tourism.

The workshop is a prominent activity in the series of events celebrating the 75th anniversary of the establishment of Vietnam-Hungary diplomatic relations, bringing many practical results, opening up new cooperation opportunities, contributing to further promoting economic, trade and investment relations between the two countries./.

Source: https://baolangson.vn/viet-nam-hungary-tang-cuong-ket-noi-va-hop-tac-doanh-nghiep-5063338.html