Vietnamese, Czech Businesses Foster Connectivity

The Vietnamese Embassy in the Czech Republic has recently organized a programme to foster connectivity between Vietnamese and Czech businesses, and introduce Vietnamese products to local residents, VNA reported.

Attending the program were Karolina Zakovska, chairwoman of the Ethnic Minority Council of Ustecky Province; Frantisek Jochman, first vice president of the Ústí nad Labem Regional Chamber of Commerce and a number of businesses from the two countries.

Vietnamese Ambassador to the Czech Republic Thai Xuan Dung speaks at the event.

Speaking at the event in Ústí nad Labem region on October 13, Ambassador Thai Xuan Dung stressed that since the EU-Vietnam Free Trade Agreement (EVFTA) came into force on August 1, 2020, economic relations between Vietnam and the Czech Republic have made significant progress.

Since the beginning of this year, the two countries have maintained high-level delegation exchanges to enhance cooperation in all fields, he said, highlighting the official visit to Vietnam by Czech Prime Minister Petr Fiala in April.

The diplomat expressed his belief that in the near future, Czech importers, businesses and people, and Vietnamese in the host country will use more products from Vietnam.

He affirmed that the Czech Republic is currently an important partner of Vietnam in Eastern and Central Europe, noting that the Czech side also considers Vietnam a friend and important partner.

However, the bilateral economic and trade cooperation has yet to match the potential of each country, as the turnover accounts for only a small proportion of the total foreign trade revenue of both countries.

Participants in a group photo.

Vietnam mainly exports footwear, garment textiles, seafood, machinery, and spare parts, and electronics to the Czech Republic, while importing machinery, equipment, tools, other spare parts, and iron and steel products from the country.

Vietnam is the most important partner of the European country in Asia, with two-way trade reaching USD 2.4 billion last year.

In the first half of this year, the Czech Republic’s exports to Vietnam increased by 48%, while that of the Southeast Asian country to the Czech Republic rose by 7%.

Earlier, on October 12, the Vietnamese People's Association in the Czech Republic held a meeting to review its performance in the past time and identify orientations for the next year.

With nearly 100,000 people, the Vietnamese community in the Czech Republic also serves as a bridge promoting bilateral friendly cooperation.

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