The Vietnamese Embassy in the Czech Republic and the Czech Chamber of Commerce jointly held a business forum in Prague on June 15 to bolster links between businesses and seek ways to strengthen traditional friendship and multi-faced cooperation of the two countries.
Vietnamese Ambassador Thai Xuan Dung, Chairman of the Czech Chamber of Commerce Zdenek Zajicek, Deputy Minister of Industry and Trade Edvard Kozusnik, and Jan Zahradil, a member of the EP at the forum (Photo: VNA)
Prague (VNA) 🌜– The Vietnamese Embassy in the Czech Republic and the Czech Chamber of Commerce jointly held a business forum in Prague on June 15 to bolster links between businesses and seek ways to strengthen traditional friendship and multi-facedcooperation of the two countries.
Speaking at the event, Ambassador Thai Xuan Dungpraised the sound relationship of the two countries amid complicateddevelopments in the world and impacts of the COVID-19 pandemic. In 2022, two-way trade reached 2.4 billion USD. Chairman of the Czech Chamber of Commerce ZdenekZajicek highlighted that the forum is an opportunity for enterprises of bothsides to share experience andboost collaboration. He expressed his hopethat the chamber will be a realiable partner to help enterprises of the twocountries solve difficulties and barriers in commerce activities by directly pointing out bottlenecks to governments of both sides as well as in the framework of the European Parliament (EP). For his part, Deputy Ministerof Industry and Trade Edvard Kozusnik affirmed Vietnam is the most important partner of theEuropean country in Asia. With an average economic growth of 6-7% in the pasttwo decades and a large market scale, Vietnam is a potential partner of theCzech Republic. Jan Zahradil, a member of the EP, spoke highly of Vietnam's strong development, saying that the country has a significant role inSoutheast Asia region and theCzech Republic hopes Vietnam can act as a bridge so that it can penetrate morein economic activities in ASEAN region. In addition, he also mentioned the positive effects ofthe EU-Vietnam Free Trade Agreement (EVFTA) which helps strengthen traderelations between Vietnam and the EU in general, and with EU member states inparticular. The trade accord canbe a model for further agreements between the EU and other countries, he added. Participants at the forum exchanged ideas and information aboutthe two countries' markets with focus on potential cooperation areas as well asseeking measures to remove difficulties and obstacles in the implementation ofcooperation and connection between enterprises of the two countries./.
Czech Prime Minister Petr Fiala and his entourage visited the Škoda Auto automobile manufacturing and assembly plant project at Viet Hung Industrial Park in the northern province of Quang Ninh on April 22 as part of his ongoing official visit to Vietnam.
Vice Chairman of the National Assembly (NA) Nguyen Duc Hai and Vice Chairman of the Chamber of Deputies of the Czech Republic Jan Bartosek held talks in Hanoi on May 23, agreeing to maintain mutual visits and experience sharing between the two legislative bodies.
The Vietnam Union of Friendship Organisations (VUFO) and the Vietnam-Czech Friendship Association will continue to cooperate with partners in the Czech Republic to support businesses of the two countries to enhance connections and expand investment and trade cooperation, VUFO President Ambassador Nguyen Phuong Nga has said.
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.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.