The traditional friendship and multifaceted cooperation between Vietnam and Hungary have been growing well for the last nearly 75 years. In particular, the two PMs will witness the signing of cooperation documents in the fields of diplomacy, culture, water management, and crime, along with 10 others between Vietnamese and Hungarian universities. They will attend a business forum with a view to fostering bilateral economic, trade, and investment links.PM Chinh and the delegation of Vietnam will also visit and have meetings with some Hungarian enterprises operating in such key industries as the pharmaceutical sector. The Government leader is set to deliver an important speech on Vietnam’s foreign policy and relations between the two countries at the National University of Public Service of Hungary. In particular, Hungary was one of the first to ratify the EU - Vietnam Free Trade Agreement (EVFTA) and Investment Protection Agreement (EVIPA), helping bilateral economic and trade links to progress over the recent past.Thanks to these two deals, Vietnam has become a bridge for goods from Europe, including Hungary, to enter ASEAN and vice versa.

Source: Viet Nam News January 19, 2024 00:46 UTC