Vietnam holds successful trade seminar in Czech Republic

Ambassador Son opened the seminar by emphasizing the readiness of the Embassy and the Vietnam Ministry of Industry and Trade to promote the collaboration of enterprises and institutions in both countries.

The Ambassador reminded the gathering that after more than six decades of mutual diplomatic and trade relations between both countries, Vietnam is still a country of high economic growth and good investment opportunities.

He told those in attendance that he considered the seminar an excellent opportunity to further deepen the existing collaboration between businesses and institutions of both countries considering the upcoming Vietnam-EU free trade agreement that will come into effect in 2018.

In addition, he mentioned that total commercial trade between the two countries has remained much too modest and only amounted to a fraction of its potential, noting that the total exports and imports of Vietnam with the Czech Republic amounted to just US$755 million in 2015.

In his speech, Vietnam Ambassador Son stressed the benefits of the coming trade pact and the positive developments he expects it will have on bilateral trade and talked specifically about segments of the economy of the greatest interest for the business community of Czechoslovakia.

Czech entrepreneurs in attendance in turn told the Ambassador that they had an interest in the automotive industry, medical and pharmaceuticals, agriculture, food, energy and construction in Vietnam.

During the second part of the seminar the Ambassador and entrepreneurs had the opportunity to discuss the possibilities of collaboration and business and investment opportunities the Czech Republic offers Vietnamese companies.