Forum promotes Vietnam-Czech Republic trade, investment
The Vietnamese Embassy together with the association of Vietnamese enterprises in the Czech Republic, on September 19, held a forum on promoting trade and investment between the nations.
Vietnamese Ambassador to the Czech Republic Thai Xuan Dung speaks at the event (Photo: VNA)
Prague (VNA) – The Vietnamese Embassy together with the association of Vietnamese enterprises in the Czech Republic, on September 19, held a forum on promoting trade and investment between the nations.
Speaking at the event, Vietnamese Ambassador to the Czech Republic Thai Xuan Dung highlighted the importance of trade and investment promotion, particularly when both countries and others are seeking solutions for post-pandemic recovery.
He said the forum aims to help participating firms discuss issues related to the EU-Vietnam Free Trade Agreement (EVFTA) so that they can come up with more suitable business plans and strategies.
Trade between the nations hit 936 million USD in the first half of 2021, up 28 percent on-year, thanks to both sides’ efforts and the EVFTA’s impact.
Participants focused their discussion on opportunities for Vietnamese enterprises with the coming-into-force of the EVFTA and challenges for trade and investment promotion amid COVID-19.
They talked about problems in cooperation and seeking partnerships. They also gave initiatives to help Vietnamese competent agencies support Vietnamese firms in recovering production and business and in boosting collaboration with partners from the EU and the Czech Republic.
In an interview with the Vietnam News Agency on the sidelines of the event, Nguyen Manh Tung, former head of an association of young entrepreneurs in the Czech Republic, said currently many Czech businesses want to learn about their Vietnamese peers, Vietnam's export products, and changes brought about by the EVFTA to find opportunities for cooperation.
Their biggest restrictions are the language barrier and a shortage of information on Vietnamese companies and products, Tung noted. He recommended boosting the sharing of Vietnam’s production and logistics processes for the Czech side./.
Vietnam and the Czech Republic have shared traditional ties that have been nurtured and developed in all fields, agreed Vietnamese Ambassador to the Czech Republic Thai Xuan Dung and the host country’s Foreign Minister Tomáš Petříček.
The Czech Republic plans to deliver 250,000 doses of vaccine against COVID-19 to Vietnam this week, and decides to transfer additional 500,000 doses to the Southeast Asian country, Czech Health Minister Adam Vojtech has stated.
A high-ranking delegation of the Czech Government led by Prime Minister Andrej Babis on September 4 had a meeting with representatives of the Vietnamese community in the Czech Republic at the Sapa Commercial Centre in Prague.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
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.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnamese Ambassador to the Czech Republic Thai Xuan Dung speaks at the event (Photo: VNA) 
