Vietnam, Czech Republic seek to promote trade, investment

It was jointly held by the Embassy of Vietnam, the Ministry of Industry and Trade, along with the Transport Union of Czech and the Asia Centre.

A seminar aiming to bolster trade and investment between Vietnam and the Czech Republic was held in Prague on December 15

In his remarks, Vietnamese Ambassador to the Czech Republic Ho Minh Tuan cited statistics as saying that the two-way trade has increased over the years, hitting 912.5 million USD in 2016. The figure is estimated to reach one billion USD this year.

However, as of November 2017, there were 36 projects of the Czech Republic in Vietnam, with total capital of about 110 million USD while Vietnam had only four investment projects worth five billion USD in the country, the diplomat noted.

Deputy Minister of Industry and Trade of the Czech Republic Jiri Koliba affirmed that Vietnam remains an important economic partner of the country, adding that the Ministry has chosen Vietnam among 12 strategic export markets of the Czech Republic by 2020.

At the event, Vietnamese participants introduced the country’s business environment and shared information on Vietnam’s incentives and priorities in trade-investment for foreign investors.