Vietnam and Hungary Strengthen Comprehensive Partnership

Prime Minister Pham Minh Chinh warmly welcomed Chairman of the Hungarian National Assembly Kover Laszlo on his official visit to Vietnam, coinciding with the two countries' 75th anniversary of establishing diplomatic relations. The visit aims to strengthen the partnership between the two countries, with a focus on economic-trade-investment cooperation and promoting cooperation in various fields. Prime Minister Pham Minh Chinh emphasized Vietnam's commitment to strengthening relations with traditional friend countries in the Central Eastern European region, including Hungary, as one of its top priority partners.

Key Takeaways:

• The two sides evaluated economic-trade-investment cooperation as one of the important pillars in bilateral relations, agreeing to promote cooperation commensurate with the trusted political relationship.
• Prime Minister Pham Minh Chinh proposed a number of strengthening measures to bring the two countries' relations to more and more substantive development, including:

+ Strengthening political trust through continued delegation exchanges and contacts at all levels.

+ Doubling bilateral trade turnover to about $2 billion in the near future.

+ Strengthening cooperation in development, coordinating and effectively implementing projects using preferential credit from the Hungarian Government for Vietnam.

+ Enhancing cooperation in education and training, especially in areas where Hungary has strengths and Vietnam has needs.

+ Strengthening cooperation in the field of environment, focusing on water security.

+ Strengthening labor cooperation, one of the fields with many complementary potentials.

+ Enhancing cultural cooperation, tourism, and people-to-people exchanges.

• Hungary is committed to promoting the Vietnam-EU Investment Protection Agreement (EVIPA) and encourages other EU countries to ratify the agreement soon.
• Vietnam is Hungary's most important partner in Southeast Asia, and Hungary appreciates Vietnam's increasing role and position in the region and the international arena.

Statistics:

• The two countries' relations are celebrating their 75 years of establishing diplomatic relations in 2025.
• Vietnam is Hungary's largest and most important trading partner in Southeast Asia.
• Hungary is one of the first EU countries to ratify the Vietnam-EU Investment Protection Agreement (EVIPA).
• Prime Minister Pham Minh Chinh expressed satisfaction with the positive developments in relations between the two countries in recent times.

Sources:

• VGP/Nhat Bac