Czech Republic – Vietnam Business Roundtable seeks to make most of EVFTA
The “Czech Republic – Vietnam Business Roundtable” was held by the Vietnamese Embassy and the Czech Management Association (CMA) in Prague on November 10 to introduce potential for cooperation in trade and investment between the two countries and exchange information about their market and business climate.
The “Czech–Vietnam Business Roundtable” is held by the Vietnamese Embassy and the Czech Management Association (CMA) in Prague on November 10. (Photo: VNA)
Prague (VNA) – The “Czech Republic – Vietnam BusinessRoundtable” was held by the Vietnamese Embassy and the Czech ManagementAssociation (CMA) in Prague on November 10 to introduce potential for cooperation in tradeand investment between the two countries and exchange information about theirmarket and business climate.
The event took place in the context that the two countries areseeking ways to make the most of the EU-Vietnam Free Trade Agreement (EVFTA) andthe EU-Vietnam Investment Protection Agreement (EVPIA) is in the process of domestic ratification.
The event also aimed to explore challenges and ways todeal with them in order to boost the bilateral trade and investment, and share the Czech Republic’s experience in COVID-19 response to revive the economy.
It brought together policymakers and business leadersfrom both nations.
At the event, speakers focused their presentations on analysingimpacts of COVID-19 on the global economy, including Vietnam and the Czech Republic, and howthe EVFTA and EVIPA provide great opportunities to market access and trade ofgoods between Vietnam and the Czech Republic, a member of the EU.
The Czech Republic has acted as a gateway for Vietnamese goods toenter the EU market. Additionally, thanks to the EVFTA, the Vietnam-Czech Republic tradehas steadily grown despite COVID-19 impacts, one of which has been disruptionsin the global supply chain. The two-way trade reached 1.5 billion USD last year,up 22 percent from the previous year. It rose 28 percent year on year in thefirst half of 2021 to worth 936 million USD.
A number of Czech business leaders highly spoke ofpotential in trade and investment between the two countries, saying they wantto explore trade opportunities with Vietnam, particularly in the areas whichthe Southeast Asian nation holds advantages of, including agriculture andfisheries products, garment and textile, and footwear.
The Czech side also showed interest in stepping up bilateralpartnership in civil aviation, suggesting Vietnam and the Czech Republic should worktogether to train Vietnamese pilots and open more direct flights between thetwo countries./.
A Czech Republic-Vietnam trade forum was held in Brno City, the capital of the South Moravian Region on September 10, aiming to provide local enterprises with information on Vietnam’s business environment.
The Vietnamese Embassy together with the association of Vietnamese enterprises in the Czech Republic, on September 19, held a forum on promoting trade and investment between the nations.
Regulations on the transportation of products made from rare plants and animals to the Czech Republic and the EU were under focus at a workshop in Prague on October 26.
President Nguyen Xuan Phuc on October 28 sent a message of congratulations to Czech President Milos Zeman on the country’s 103rd Independent Czechoslovak State Day (October 28).
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
The “Czech–Vietnam Business Roundtable” is held by the Vietnamese Embassy and the Czech Management Association (CMA) in Prague on November 10. (Photo: VNA)
