Vietnam, Czech Republic seek cooperative opportunities
(VOV) - The Vietnam-Czech Republic Business Forum provided an excellent occasion for the Vietnamese and Czech business communities to establish strategic relationships that create trust.
Speaking at the forum in Hanoi on May 13, Deputy Minister of Industry and Trade, Ho Thi Kim Thoa also expressed her optimism that bilateral trade ties between the two nations will continue to further evolve, elevating bilateral trade and investment to much higher levels in the future.
She underscored that Vietnam critically needs investment and expertise from the Czech Republic in such fields as infrastructure, energy, farm produce processing and market development.
Additionally, she declared that the Czech Republic is a gateway for Vietnamese goods to penetrate the European and world markets.
Jan Mladek, Czech Minister of Industry and Trade in turn said that Vietnam has a dynamic economy with huge potential for trade and investment.
Czech businesses are very keen on promoting cooperation and exploring potential in many fields, most notably in infrastructure, industry, health and tourism he said, emphaziing that the Czech government is devising concrete mechanisms to bolster trade promotion and investment activities.
According to the Vietnam Chamber of Commerce and Industry (VCCI), two-way trade volume between the two nations stands at just US$240 million each year, which has not matched the potential of both nations.
Vietnamese major exports to the Czech Republic are garments and textiles, machines, equipment and chemicals while it’s key imports from the market are steel and iron, machines, components and equipment.