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The traditional friendship and
multifaceted cooperation between Vietnam and the Czech Republic have been
constantly being promoted and promoted by the two countries’ people. Today
Vietnam is still a familiar destination for Czech businesses to set up
business in Vietnam.
At the
Czech-Vietnamese Business Conference recently held in Hanoi, Deputy Minister of
Industry and Trade of the Czech Republic – Mr Vladimir Bartl said that Vietnam
is increasingly attracting investment from abroad, including the Czech
Republic. The Czech Republic wishes to promote cooperation and investment
between the two countries’ businesses in the areas such as environmental
protection, mining technology, construction technology, chemicals,
telecommunications, radar, industrial machinery and agriculture, especially
biotechnology and nanotechnology.
On the Vietnamese
side, the Vice President of the Vietnam Chamber of Commerce and Industry (VCCI)
said that the economic and trade development between the two countries is based
on three main features.
First, in terms of
bilateral relations, trade exchange between the two countries have a stable
growth and strong development. The potential investment cooperation areas
between the Czech Republic and Vietnam are agricultural products, textiles,
machinery and equipment, hospital medical equipment, energy and information
technology.
Second is
multilateral relations, Vietnam is now an important gateway to trade in ASEAN,
the market with over 600 million people. The Czech businesses will have to
prepare investment plans, not only with the Vietnam market with more than 90
million consumers but also to deepen access to the ASEAN market.
Meanwhile, the
Czech Republic is the gateway for goods to enter the European Union (EU).
Especially when the EU – Vietnam Free Trade Agreement (EVFTA) comes into
effect, it will facilitate Vietnamese products entering the European market.