HCM City (VNA) – Vietnam and the CzechRepublic hold a lot of potential to their raise trade and investment revenuesin various fields, heard a forum in Ho Chi Minh City on June 8.
Trade between Vietnam and the Czech Republicreached nearly 250 million USD in 2016, with Vietnam exporting more than 146million USD worth of goods to the Czech Republic and importing close to 104million USD from the European nation.
Speaking at the Vietnam-Czech Business Forum,Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Vo TanThanh said that the Czech Republic has been identified as one of Vietnam’sstrategic export markets during 2010-2020.
According to the official, Vietnam’s majorexports to the Czech Republic include footwear, apparels, seafood, coffee andpepper and its imports are chemicals, equipment, spare parts and plastics.
Vietnam has also been attractive to Czechinvestors for many areas, but bilateral trade has failed to reflect the twocountries’ potential and demands, he noted.
The target of raising two-way trade to 1 billionUSD in the time ahead is within reach, especially after the free tradeagreement between Vietnam and the EU, to which the Czech Republic is a member,comes into force, he said.
Echoing Thanh’s view, Jaroslav Hanak, Presidentof the Czech Confederation of Industry, highlighted Czech businesses’ increasingdemand for cooperation with Vietnam, explaining that Vietnam is one of theCzech Republic’s most promising markets in ASEAN.
Through Vietnam, the Czech Republic can accessand expand the market to other Asian nations, he said.
Hailing Vietnam’s economic growth over the pastyears, Czech Deputy Minister of Industry and Trade Jiri Koliba affirmed Vietnamas an important economic partner of the Czech Republic.
The Czech Ministry of Industry and Trade hasselected Vietnam as one of the 12 strategic export markets by 2020, with majorexport items like machines and spare parts which are much needed by Vietnam toserve its spearhead industries, he emphasised.
He suggested the two countries cooperate witheach other in the supply of production lines, food processing equipment, andautomatic watering systems in service of high-tech agriculture, and medicalequipment.
The Czech Republic is running 34 projects worthnearly 90 billion USD in Vietnam, focusing on the production of glass, crystal,electric equipment and construction materials.
The participating Czech businesses expressedtheir wish to invest in such realms as energy, hydropower plants, nano-biotechnologies, waste water treatment, mining, auto manufacturing and metaltreatment.
Czech firms have identified HCM City as one oftheir strategic investment destinations in Vietnam, Jiri Koliba stressed,listing promising cooperation sectors like city planning, transport management,IT, finance-banking and insurance services.
Le Thi Huynh Mai, Deputy Director of the HCMCity Department of Planning and Investment, pledged that the city always keepsits door open for foreign businesses, including those from the CzechRepublic.-VNA
Trade between Vietnam and the Czech Republicreached nearly 250 million USD in 2016, with Vietnam exporting more than 146million USD worth of goods to the Czech Republic and importing close to 104million USD from the European nation.
Speaking at the Vietnam-Czech Business Forum,Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Vo TanThanh said that the Czech Republic has been identified as one of Vietnam’sstrategic export markets during 2010-2020.
According to the official, Vietnam’s majorexports to the Czech Republic include footwear, apparels, seafood, coffee andpepper and its imports are chemicals, equipment, spare parts and plastics.
Vietnam has also been attractive to Czechinvestors for many areas, but bilateral trade has failed to reflect the twocountries’ potential and demands, he noted.
The target of raising two-way trade to 1 billionUSD in the time ahead is within reach, especially after the free tradeagreement between Vietnam and the EU, to which the Czech Republic is a member,comes into force, he said.
Echoing Thanh’s view, Jaroslav Hanak, Presidentof the Czech Confederation of Industry, highlighted Czech businesses’ increasingdemand for cooperation with Vietnam, explaining that Vietnam is one of theCzech Republic’s most promising markets in ASEAN.
Through Vietnam, the Czech Republic can accessand expand the market to other Asian nations, he said.
Hailing Vietnam’s economic growth over the pastyears, Czech Deputy Minister of Industry and Trade Jiri Koliba affirmed Vietnamas an important economic partner of the Czech Republic.
The Czech Ministry of Industry and Trade hasselected Vietnam as one of the 12 strategic export markets by 2020, with majorexport items like machines and spare parts which are much needed by Vietnam toserve its spearhead industries, he emphasised.
He suggested the two countries cooperate witheach other in the supply of production lines, food processing equipment, andautomatic watering systems in service of high-tech agriculture, and medicalequipment.
The Czech Republic is running 34 projects worthnearly 90 billion USD in Vietnam, focusing on the production of glass, crystal,electric equipment and construction materials.
The participating Czech businesses expressedtheir wish to invest in such realms as energy, hydropower plants, nano-biotechnologies, waste water treatment, mining, auto manufacturing and metaltreatment.
Czech firms have identified HCM City as one oftheir strategic investment destinations in Vietnam, Jiri Koliba stressed,listing promising cooperation sectors like city planning, transport management,IT, finance-banking and insurance services.
Le Thi Huynh Mai, Deputy Director of the HCMCity Department of Planning and Investment, pledged that the city always keepsits door open for foreign businesses, including those from the CzechRepublic.-VNA
VNA
