Bright signs have been seen in two-way trade between Vietnam and the Czech Republic, as the two countries’ import-export turnover in the first five months of this year reached nearly 464.5 million USD, up 15.6 percent from the same period last year.
Prague (VNA)– Bright signs have been seen in two-way trade between Vietnam and the CzechRepublic, as the two countries’ import-export turnover in the first five monthsof this year reached nearly 464.5 million USD, up 15.6 percent from the sameperiod last year.
Vietnam mostlyexported to the Czech Republic seafood, farm produce, food, tea, coffee,rubber, chemicals, electronics, and footwear, the Vietnam Trade Office in the CzechRepublic cited sources from the Czech Statistical Office.
Products seeing highestrevenue included electronics with over 140 million USD, and footwear productswith 110.6 million USD.
Exports of rubber,chemicals, leather products, garment materials, knitwear, boilers andmechanical products, engine vehicles, and wood furniture also fetched from 10million USD - 31 million USD.
Meanwhile, Vietnamimported from the European nation electronics, mechanical equipment, plasticproducts, military equipment, seeds, pharmaceuticals, medicinal plants, andindustrial tree varieties.
In 2017, two-way tradebetween the two countries exceeded 1 billion USD for the first time to 1.02billion USD, a rise of 12 percent over the previous year.
However, trade turnoverremained modest compared to the economic potential and real demand of bothmarkets.
Currently, the CzechRepublic is keen on fostering cooperation with Vietnam in areas of environmentalprotection, mining technology, construction technology, chemicals, telecommunications,radar, industrial and agricultural machineries, biotechnology andnanotechnology.-VNA
Vietnam always attaches importance to developing ties with traditional friends in the central Eastern Europe, with the Czech Republic as a priority partner, Prime Minister Nguyen Xuan Phuc told Vice Chairman of the Chamber of Deputies of the Parliament of the Czech Republic Vojtech Filip during a reception in Hanoi on June 5.
Vojtech Filip, Vice Chairman of the Chamber of Deputies of the Parliament of the Czech Republic, has suggested legislative bodies of Vietnam and his country strengthen monitoring activities, aiming at realising cooperation agreements between the two countries.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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Illustrative Image (Source: VNA) 
