Long-standing diplomatic ties, a strong Vietnamese community in the Czech Republic, and Vietnam’s continuously improving investment climate are driving the two nations towards deeper economic engagement.
A business networking seminar between Vietnam and the Czech Republic, held in Hanoi on July 11, highlighted this growing trend. The event was part of the official visit to Vietnam by Czech Minister of Industry and Trade Lukas Vlcek, drawing nearly 100 representatives from government agencies, trade promotion bodies, and business communities of both countries.
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Czech Minister of Industry and Trade Lukas Vlcek speaks at the seminar. |
Addressing the seminar, Minister Vlcek emphasized that Vietnam is one of the Czech Republic’s most important trading partners in Southeast Asia. Bilateral trade has exceeded 2 billion USD and continues to grow at an annual pace of around 4.5 billion CZK, a figure that is expected to rise in the coming years.
“Vietnam is a dynamic market, with average GDP growth above 7% over the past decade and a strategic location at the heart of ASEAN. The country is increasingly positioning itself as an attractive destination for international businesses,” Vlcek said.
He also underlined the contribution of the Vietnamese community in the Czech Republic, numbering over 70,000 people, to the country’s economic and social life. Calling Vietnam a 'second homeland' for the Vietnamese diaspora in Europe, he shared that he himself was born in a region with a strong Slovak-speaking population, which has helped him appreciate and understand the deep ties between the two countries.
During the seminar, four leading Czech enterprises showcased their key sectors. These included PBS Group, a major industrial player in aerospace and energy; the Research Centre Řež, a state-run institute specializing in nuclear technologies; and two prominent law firms, Brož Brož Vala and Pelikán Krofta Kohoutek, known for their expertise in immigration, investment law, and work permits. Other Czech companies also expressed keen interest in Vietnam, particularly in defense, transport, aviation, renewable energy, and mining.
Minister Vlcek noted that several economic and investment cooperation projects are already underway, notably the planned construction of an automotive manufacturing plant in Quang Ninh province by Škoda Auto, and the acquisition of a controlling stake in the Mong Duong 2 power plant.
To further promote bilateral cooperation, the Czech Ministry of Industry and Trade is planning a series of upcoming events, including the next session of the Intergovernmental Committee and a business forum in Hanoi, alongside participation in specialized trade fairs in Vietnam.
Minister Vlcek highlighted the Vietnam Mining Expo 2026 as a key event that the Czech Republic would actively support, aiming to help businesses from both sides forge long-term partnerships.
The seminar concluded with a B2B networking reception, where delegates held direct discussions to explore concrete investment opportunities. The event marked a significant step forward as Vietnam and the Czech Republic enter a new phase of substantive, broader, and more effective economic cooperation.
Source: VNA