Hungarian firms updated on Vietnam’s investment incentive policies

09:06 | 02/07/2015 Economy

Hungarian businesses were provided with updated information related to Vietnam’s investment and tariff incentive policies during a workshop held recently by the Vietnamese Embassy in Hungary and the Chamber of Commerce and Industry of Vas county.

Hungarian firms updated on Vietnam’s investment incentive policies

Vietnamese Ambassador to Hungary Nguyen Thanh Tuan speaks at the workshop (Photo: VNA)

Speaking at the event, Ambassador Nguyen Thanh Tuan shared that the Vietnamese Government regularly revises policies so as to facilitate business and investment of domestic and foreign enterprises.

As a developing economy, Vietnam has great demand of capital, technology, equipment and materials for production and consumption activities, he noted.

The ambassador stressed that the 65-year traditional friendship between the two countries serves as a firm foundation for closer link in the coming time.

President of Vas County Council Laszlo Majthenyi affirmed that the county authorities will create most favourable conditions for the two sides’ companies to do business with each other.

Meanwhile, President of the Chamber of Commerce and Industry of Vas county Kovacs Vince suggested textile and garment, food processing, pharmaceutical product and tourism as fields of good potential for partnership between Vietnamese and Hungarian firms.

Commercial counsellor Nguyen Trung Dung made detailed introduction on Vietnam’s socio-economic situation, investment climate, as well as the market and policies related to investment and taxation.

He pointed to possible problems due to geographical distance and differences in language, culture, business practices and consumption habits between the two countries, proposing that the two sides need to enhance the exchange of business delegations and organise more goods exhibitions and fairs to promote mutual understanding.

During the workshop, Vietnamese and Hungarian firms had direct meetings to share their demand and cooperation opportunities./.

Source: VNA