HCM City, Hungary eye stronger ties in trade, investment

11/15/2018 - 3:28:16 PM

Ho Chi Minh City stands ready to help Hungary gain broader access to ASEAN and Asian-Pacific markets while facilitating Hungarian investors’ long-term business in the city, according to a local leader.

Chairman of the HCM City People’s Committee Nguyen Thanh Phong (R) holds talks with Hungarian State Secretary of the Ministry of Foreign Affairs and Trade Balogh Csaba on November 14.

Chairman of the municipal People’s Committee Nguyen Thanh Phong made the remarks at the reception for Balogh Csaba, Hungarian State Secretary of the Ministry of Foreign Affairs and Trade on November 14.

Though the two countries are seeing growing ties, trade and economic relations between HCM City and Hungary remain below the two sides’ potential and expectations, Phong noted.

HCM City wants to foster friendship with Hungary, he said, urging the country to support economics, trade and business affairs of enterprises from the city in Hungary and in Central and Eastern Europe.

He affirmed that HCM City will create the best conditions for firms of both sides to step up cooperation and for the implementation of joint tourism projects between the two governments and at the same time, welcome enhanced people-to-people exchanges.

He also asked Hungary to reinforce collaboration in high-tech industry and developing smart cities.

Csaba, for his part, said Hungary sees Vietnam as its most important partner in Southeast Asia and a gateway for Hungary to enter the region. The two nations must exert greater efforts to realise the will of their leaders, he said.

He praised the city’s dynamic growth, saying Hungary welcomes all local companies to invest and do business in the European country.

He also spoke highly of trade between Vietnam and Hungary, which has expanded six times over the last six years. The two countries have carried out joint projects in food manufacturing, water supply, healthcare and food safety and in addition to these, Hungary hopes to bolster ties with Vietnam in tourism and information technology.

Source: NDO

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