Hungarian Prime Minister Viktor Orbán (Source: Origo) Hanoi (VNA) – Hungarian Prime Minister Viktor Orbán’s officialvisit to Vietnam from September 24-26 offers an opportunity for both sides todiscuss measures to boost bilateral cooperation in various fields, as well asregional and international issues of shared concern.
Since the establishment of diplomatic ties on February 3, 1950, Hungary hasgiven Vietnam valuable support and assistance during the past struggle fornational independence as well as in the current national construction.
In recent years, the two countries have deepened political ties based on mutualtrust and understanding, laying a firm foundation for fostering cooperation ineconomy-trade-investment, culture, education and security-defence.
Bilateral economic cooperation has recorded significant progress with two-waytrade reaching 266 million USD in 2016, up 36.28 percent compared to the previousyear. The figure hit 145 million USD in the first half of this year, ayear-on-year increase of over 60 percent.
Vietnam mainly exports garment, footwear, computers, electronic products,transport vehicles and spare parts to Hungary while importing medicine,machines, chemicals and animal feed from the European country.
As of the end of 2016, Hungary had 15 valid foreign direct investment (FDI)projects in Vietnam with total registered capital of 50.66 million USD, ranking55th among 105 countries and territories investing in Vietnam.
Hungarian investment has been poured into processing and manufacturing,communication and real estate.
Regarding development cooperation, in January 2016, the two countries signed aframework agreement on financial cooperation worth 60 million EUR for the CanTho Tumour Hospital project.
In January this year, they signed another frameworkagreement worth 440 million EUR for projects in the fields of water management,pharmaceuticals and health care, information technology, agriculture, andsecurity-defence in Vietnam.
In the traditional cooperation field of education-training, Hungary has helpedVietnam train thousands of experts and engineers. On the occasion of PresidentAder Janos’s Vietnam visit in November 2014, Hungary raised the number of scholarshipsfor Vietnamese students to 100 per year. From the 2017-2018 academic year, thefigure will be 150 scholarships.
Collaboration between the two countries’ localities has been promoted. Hanoi istwinned with Szentendre city of Hungary while its Tay Ho district set up asister relationship with District 16 of Budapest capital. Vietnam’s MekongDelta city of Can Tho also signed a cooperation agreement with Kaposvar city ofHungary.
Vietnam and Hungary have inked a number of agreements, protocols and memorandaof understanding on science-technology, environment, double taxation avoidance,investment encouragement and protection, and agricultural cooperation.
Hungary is now home to more than 4,000 Vietnamese.-VNA
In the traditional cooperation field of education-training, Hungary has helpedVietnam train thousands of experts and engineers. On the occasion of PresidentAder Janos’s Vietnam visit in November 2014, Hungary raised the number of scholarshipsfor Vietnamese students to 100 per year. From the 2017-2018 academic year, thefigure will be 150 scholarships.
Collaboration between the two countries’ localities has been promoted. Hanoi istwinned with Szentendre city of Hungary while its Tay Ho district set up asister relationship with District 16 of Budapest capital. Vietnam’s MekongDelta city of Can Tho also signed a cooperation agreement with Kaposvar city ofHungary.
Vietnam and Hungary have inked a number of agreements, protocols and memorandaof understanding on science-technology, environment, double taxation avoidance,investment encouragement and protection, and agricultural cooperation.
Hungary is now home to more than 4,000 Vietnamese.-VNA
VNA
