Vietnamese and Czech enterprises should take full advantage of opportunities by defining strategic and feasible cooperation fields to further their links, a Vietnamese economic expert has said.
Vietnam-Czech business forum in Ho Chi Minh City (Source: VNA)
Vietnamese and Czech enterprises should take full advantage of opportunities by defining strategic and feasible cooperation fields to further their links, a Vietnamese economic expert has said.
Speaking at a business forum in Hanoi on October 23, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Doan Duy Khuong affirmed his agency will work closely with its Czech counterparts to support the two countries’ enterprises to seek and set up partnerships.
With its vast potential, Vietnam will be an effective partner for Czech firms, Khuong affirmed.
Stanislav Kazecky, Vice President of the Confederation of Industry of the Czech Republic, stressed that his county wants to expand links with Vietnamese enterprises, especially in energy, automobile manufacturing, waste water treatment, oil refinery and healthcare.
Co-hosted by VCCI, the Ministry of Foreign Affairs and the Confederation of Industry of the Czech Republic, the forum brought together a crowd of Vietnamese firms and nearly 20 Czech enterprises operating in waste water treatment technology, mechanics, construction, turbine manufacturing, renewable energy, electronics and automation.
According to the VCCI, bilateral trade hit nearly 295 million USD in 2014, nearly 20 percent higher than that of the previous year.
The Czech Republic’s main exports to Vietnam included machinery and equipment, spare parts and electronics while Vietnam mainly shipped garments, footwear, machines and spare parts to the European country.
Czech investors are operating 48 projec♔ts worth more than ℱ100 million USD in Vietnam.-VNA
Chairman of the HCM City People’s Committee Le Hoang Quan and Foreign Minister of the Czech Republic Lubomir Zaoralek sought to increase the two sides’ economic cooperation at a meeting on Oct. 22.
Vietnam and the Czech Republic will strive for 1 billion USD in two-way trade in the near future, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Vo Tan Thanh said on October 22.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam-Czech business forum in Ho Chi Minh City (Source: VNA)
