Vietnam, Czech see great potential for investment and trade cooperation

Friday, 2018-04-13 15:13:59
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At the seminar (Photo: VNA)
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NDO - A seminar highlighting the potential in investment and trade between Vietnam and the Czech Republic was held in Ho Chi Minh City on April 13.

The event was jointly organised by the Confederation of Industry of the Czech Republic, the Embassy of the Czech Republic in Vietnam and the Vietnam Chamber of Commerce and Industry (VCCI).

According VCCI Vice Chairman Vo Tan Thanh, the Czech Republic is now one of Vietnam's largest trade partners in Central and Eastern Europe.

In 2017, two-way trade between Vietnam and the Czech Republic reached nearly US$257.6 million worth of goods, up 3% from 2016, US$151 million of which were Vietnamese exports, up 3.5% annually.

In January-February 2018, the two countries’ trade reached nearly US$50 million, up 31.3% from the same period in 2017. As of the end of February, the Czech Republic had 36 valid investment projects in Vietnam, with capital at over US$90 million, ranking 49th out of the 126 nations and territories investing in Vietnam.

Deputy Minister of Industry and Trade of the Czech Republic Vladimir Bartl said that Vietnam and the Czech Republic have promising and long-term cooperation potential in numerous fields.

However, the economic and trade cooperation between the two nations over the past few years hasn’t reached its potential or expectations, he noted, adding that the Czech Republic wants stronger cooperation and investment with Vietnam in environment protection, mining, construction technology, biotechnology, nanotechnology, telecommunications, industrial machines, and agriculture.