Forum hopes to trigger greater trade, investment and business ties between the two countries.
About 17 Hungarian enterprises and 150 Vietnamese enterprises attended the Vietnam - Hungary Business Forum held by the Ministry of Industry and Trade (MoIT) in cooperation with the Hungary's Ministry of Foreign Affairs and Foreign Economic Relations in Hanoi on March 12, to seek opportunities for cooperation, investment and business.
According to Minister of Foreign Affairs and Foreign Economic Relations, István Mikola, they expect that, after the Forum, new trade and investment cooperation between the two sides will begin shortly and there will be more investment projects from Hungary in Vietnam. “Hungary considers Vietnam a priority partner in strategic sectors and investment cooperation,” Minister Mikola said.
Representatives of Per - ka Szolgaltato es Kereskedelmi Kft and Hungarian businesses in the fields of information technology and processing who were present at the Forum said that with more than 90 million people Vietnam holds great appeal for them.
Mr. Do Kim Lang, Deputy General Director of the Vietnam Trade Promotion Agency, said that with its highly developed industry, Hungary could help Vietnamese enterprises improve their machinery and equipment in order to increase the value of their exported goods.
According to MoIT, total trade turnover between Vietnam and Hungary last year reached $175 million, with $55 million exported from Vietnam and $120 million imported from Hungary. Vietnam’s major exports to Hungary were food and telecommunications, while Hungary invested in 13 projects in Vietnam involving agriculture, food production, pharmaceuticals, and medical equipment.