On the afternoon of January 19 local time, in Budapest, within the framework of an official visit to Hungary, Prime Minister Pham Minh Chinh and Hungarian Prime Minister Viktor Orbán attended the Vietnam-Hungary Business Forum.
Prime Minister Pham Minh Chinh and Hungarian Prime Minister Viktor Orbán attended the Vietnam-Hungary Business Forum.
Speaking at the Forum, Prime Minister Pham Minh Chinh said that the good relationship over the past 70 years is a favorable foundation for economic , trade and investment cooperation between the two countries. During this visit of Prime Minister Pham Minh Chinh, with the spirit of sincerity, practicality, efficiency, friendship, trust and mutual understanding, the two sides agreed on the orientation and main measures to promote cooperation between the two countries; in which economic, investment and trade cooperation is an important pillar, determined to increase bilateral trade turnover and encourage deeper, wider and stronger investment.
Therefore, the Prime Minister hopes that the business community and investors of the two countries will have a deep and complete understanding of the bilateral relationship, thereby feeling secure in cooperating and investing, bringing benefits to themselves and the two countries, contributing to peace, stability, cooperation and development in the region and the world.
The Prime Minister said that Vietnam is mobilizing all social resources to strive to become a developing country with modern industry and high middle income by 2030; and to become a developed country with high income by 2045.
According to Prime Minister Pham Minh Chinh, Vietnam is currently focusing on implementing three strategic breakthroughs: Breakthrough in perfecting legal institutions; breakthrough in infrastructure development and breakthrough in human resource training and administrative reform. Thereby reducing input costs of products, enhancing the competitiveness of enterprises; reducing compliance costs for enterprises, helping enterprises invest in stable, long-term and effective business in Vietnam.
"Along with that, Vietnam will continue to maintain macroeconomic stability; firmly protect independence, sovereignty, and territorial integrity; maintain political stability, security, safety, public safety, and a peaceful, cooperative, and developing environment to reassure investors. If the macroeconomics is unstable, exchange rates and interest rates fluctuate greatly, it will be very difficult for investors," said the Prime Minister.
The Prime Minister emphasized that Vietnam is renewing old driving forces and adding new ones.
The Prime Minister emphasized that Vietnam is renewing the old driving forces of "export, consumption and investment" and adding new driving forces of digital economy, green economy, circular economy and sharing economy.
Vietnam always protects the legitimate and legal rights and interests of enterprises; encourages and creates all favorable conditions for enterprises to develop, in the spirit of "harmonized benefits, shared risks", "harmonized interests between the State, people, and enterprises".
Prime Minister Pham Minh Chinh called on Hungarian investors and businesses to explore opportunities and expand cooperation and investment with Vietnam, for the benefit of each business, for the development of each country, for the Vietnam-Hungary relationship and for peace, cooperation and development in the region and the world.
Prime Minister Pham Minh Chinh called on Hungarian investors and businesses to explore opportunities and expand cooperation and investment with Vietnam.
At the seminar, recalling the history and development of Hungary, Hungarian Prime Minister Viktor Orbán said that Hungary is a diversely developed economy; Hungarians have many scientific and technological innovations; Hungary's GDP is 80% contributed by exports. Hungary is a member of the European Union (EU). These are advantages for businesses in general, including Vietnamese businesses, to have many opportunities to cooperate, invest, develop the economy, and create jobs for people in each country.
Prime Minister Viktor Orbán said that Hungary supports the Vietnam-European Union Free Trade Agreement (EVFTA) and the Vietnam-EU Investment Protection Agreement (EVIPA). With its role and position in the EU, Hungary continues to push for the remaining countries to soon ratify the EVIPA, contributing to creating favorable conditions for Vietnamese goods to be more present in the EU market.
Hungarian Prime Minister Viktor Orbán expressed his strong impression with Prime Minister Pham Minh Chinh's sharing about Vietnam's historical traditions, preserving independence and strong cultural identity.
The Hungarian Prime Minister wants to boost bilateral trade in a more balanced direction, and suggested that Vietnam encourage strong businesses to invest in Hungary. "Vietnam is growing very quickly and we want Vietnamese investment. We will also increase investment in Vietnam," said Prime Minister Viktor Orbán, affirming that like Vietnam, Hungary will continue to maintain a peaceful and stable environment for development and promote cooperation and investment.
He also said that there is a big obstacle in the geographical distance between the two countries, but there is a solution to this through opening direct flights and promoting people-to-people exchanges, especially students from one country studying in the other. Currently, there are about 900 Vietnamese students studying in Hungary on government scholarships.
The Hungarian Prime Minister said he looks forward to visiting Vietnam next year and will then review the situation and results of the implementation of the agreements reached during Prime Minister Pham Minh Chinh's visit.
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