According to Vietnamese Ambassador to the Czech Republic Ho Minh Tuan, two-way trade increased unceasingly at about 15 percent in recent years. Import-export turnover between the two nations was reported at some 1.2 billion USD in 2018, doubling the amount recorded in the previous year.

Garment and textiles considered as Vietnam's key exports to the Czech Republic.

As a member of the European Union which has traditional friendship with Vietnam, the Czech Republic stands ready to cooperate with the Southeast Asian country in the fields of its strength like manufacturing, mining, food processing technology, agriculture and beer production.

The Vietnamese diplomat said that the country sees Vietnam as its potential trade partner, and a bridge to bolster exports to the Association of Southeast Asian Nations (ASEAN). Thus, the Czech Republic hopes to receive support from competent authorities in Vietnam in finding faithful partners.

Once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, Czech enterprises will have more opportunities to land long-term investment in Vietnam as well as enhance exports of such items as machines, equipment, pharmaceuticals, chemical and means of transportation. Meanwhile, the deal will facilitate conditions for Vietnam’s shipments of footwear, garment and textiles, tropical agricultural products, seafood, wood products and industrial products.

Czech Deputy Minister of Industry and Trade Vladimir Bartl had an optimistic outlook on the bilateral trade relations, saying that Vietnamese coffee, pepper, fruits, tea, seafood, fine art, footwear and clothes have been exported to the Czech Republic while the European country has shipped electronic products, milk and chemical, among others to Vietnam.

Currently, Vietnam is enjoying a trade surplus of 800 million USD with the Czech Republic, he added.

Czech enterprises have been present in many Vietnamese localities, especially in Da Nang city where the firms are expanding investment in engineering, manufacturing, biotechnology and nanotechnology.

Vietnam remains attractive for investment in 2019: insider

Vietnam will remain an attractive investment destination in 2019, though impacts of the US-China trade tension that triggered a downturn in global stock markets in 2018 will not end soon, said Managing Director and Chief Investment Officer of VinaCapital Andy Ho.

 

Vietnamese Australian seeks for investment opportunities in Bac Giang

(BGO)- Recently, at the provincial Department of Foreign Affairs (DOFA), leaders of Bac Giang DOFA and Business Association had a meeting with some Vietnamese Australians seeking for investment opportunities and business partnership in the northern province of Bac Giang. The meeting was attended by Nguyen Hoang Trung, DOFA’s Director and Nguyen Duc Kha, Permanent Vice Chairman of Bac Giang Business Association.

 

Investment in Vietnamese startups triples in 2018

Investment in Vietnamese startups rose to $889 million in 2018, three times that of 2017.

 

Further improving business and investment environment

(BGO) – Nguyen Van Linh,  Chairman of Bac Giang provincial People’s Committee (PPC) cum Head of the Steering Board for supporting and investing in enterprises in Bac Giang province (Steering Board) on January 15 chaired a meeting to review the status of local investment support and business development in 2018 as well as execute the tasks and solution in 2019.  

 

RoK’s company seeks investment opportunities in Bac Giang province

(BGO) - On 15 January, Chairman of the provincial People’s Committee Nguyen Van Linh received Chulsung Lee, Vice President of STS Development Joint Stock company, Republic of Korea (RoK) and other company members to seek opportunities for investment in Bac Giang. The working session was attended by leaders of the provincial departments of Planning and Investment, Industry and Trade, the Industrial Zone Authorities and the Office of the provincial People’s Committee. 

 

Source: VNA