Vietnam, Czech promote trade cooperation

15:37 | 04/05/2018 MUTRAP Corner

A seminar on promoting the economic and trade cooperation between Vietnam and the Czech Republic was held in Prague on May 3.

At the seminar - Photo: VOV

Speeches presented at the seminar highlighted the fine diplomatic relations between the two countries over the past seven decades, which have created momentum for the development of their bilateral trade and economic cooperation.

Two-way trade has increased each year and, in 2017, two-way trade between Vietnam and the Czech Republic reached nearly US$257.6 million worth of goods, up 3 percent from 2016, US$151 million of which were Vietnamese exports, up 3.5 percent annually.

In January-February 2018, the two countries’ trade reached nearly US$50 million, up 31.3 percent from the same period in 2017. As of the end of February, the Czech Republic had deployed 36 valid investment projects in Vietnam, with capital at over US$90 million, ranking 49th out of the 126 nations and territories investing in Vietnam.

The seminar, jointly organized by the Vietnamese Embassy in the Czech Republic and the Committee on Foreign Affairs of the Parliament of the Czech Republic, aimed to provide the Czech businesses with the latest information on the investment and business environment in Vietnam, as well as opening up new opportunities for cooperation between the two sides.

Theo NDO