Vietnam, Czech Republic target 1 bln USD in two-way trade
Vietnam and the Czech Republic will strive for 1 billion USD in two-way trade in the near future, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Vo Tan Thanh said on October 22.
VCCI Vice President Vo Tan Thanh speaks at the forum (Source: VNA)
Vietnam and the Czech Republic will strive for 1 billion USD in two-way trade in the near future, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Vo Tan Thanh said on October 22.
The VCCI official addressed a forum for Vietnamese and Czech businesses to seek long-term business partnerships in Ho Chi Minh City.
The event was jointly organised by the VCCI office in Ho Chi Minh City (VCCI-HCMC) and the Ministry of Foreign Affairs and Confederation of Industry of the Czech Republic.
Thanh, who is also VCCI-HCMC Director, spoke highly of the 65-year relations between Vietnam and the Czech Republic, saying that the two countries are expanding their cooperation in all fields, particularly trade and investment.
Two-way trade in the first two quarters of 2015 totalled 165 million USD and Vietnam mainly shipped to the partner footwear, seafood, textiles-garment, and chemical products, Thanh added.
He noted that the Czech Republic is among Vietnam’s strategic markets in 2010-2020 while Vietnam is listed in the European country’s top 12 potential markets.
The two nations agreed to bolster ties in education, security and defence and labour, Thanh said.
For his part, Czech Foreign Minister Lubomir Zaoralek stated he believes the two countries have yet fully tapped their potential for economic development.
He stressed that Vietnam offers a lot of opportunities for Czech investors as it boasts a developing market of over 90 million people and abundant natural resources.
Czech investors are operating 48 projects worth more than 100 million USD in Vietnam, and hope to continue receiving support from local authorities, he said.-VNA
Representatives of Hanoi apparel and footwear businesses met Czech entrepreneurs face-to-face on August 20 to seek opportunities to make inroads into East European markets via the Czech Republic.
An exhibition on Czech nationals in Vietnam and Vietnamese in the Czech Republic was hosted by the Institute of East Asian Studies of the Charles University in Prague, the Czech Republic on October 1.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
VCCI Vice President Vo Tan Thanh speaks at the forum (Source: VNA)
