Increasing economic cooperation between Hungary and Vietnam

Increasing economic cooperation between Hungary and Vietnam. Economic cooperation between Hungary and Vietnam could increase in several sectors: some eighty Hungarian and Vietnamese enterprises have engaged in negotiations between 23-24 March 2017 at an event in Budapest organised by the Hungarian National Trading House Cls. The Forum was primarily attended by enterprises that operate within...

Increasing economic cooperation between Hungary and Vietnam. Economic cooperation between Hungary and Vietnam could increase in several sectors: some eighty Hungarian and Vietnamese enterprises have engaged in negotiations between 23-24 March 2017 at an event in Budapest organised by the Hungarian National Trading House Cls. The Forum was primarily attended by enterprises that operate within the fields of agriculture, the food industry, the automotive industry, the environment industry, infocommunications, infrastructure development, energy and the health industry. Hungary has had diplomatic relations with Vietnams for 64 years, but these relations are only now becoming truly intensive. Of the countries of the Association of Southeast Asian Nations (ASEAN), Vietnam is Hungary’s 4th most important export partner and 5th largest import partner. In 2016, bilateral trade flow increased by some 40 percent to 200.3 million dollars, with Hungarian exports increasing by 13.2 percent to 76.1 million dollars.