Vietnam represents Czech Republic's most important partner in Asia

Co-organized by the Vietnamese Embassy in the Czech Republic and the Czech Chamber of Commerce, the event aims to seek opportunities to promote trade investment as well as strengthen business cooperation between both nations’ enterprises.

In his speech, Vietnamese Ambassador to the Czech Republic Thai Xuan Dung, stated that although the world situation is facing complicated and unpredictable developments, the traditional friendship and all-around cooperation between Vietnam and the Czech Republic have seen constant and strong development through maintaining meetings and exchange delegations at all levels, especially high-level ones.

After the EU-Vietnam Free Trade Agreement (EVFTA) came into effect, economic relations between the two nations have made significant strides.

According to the Statistics Office of the Czech Republic, despite being affected by the COVID-19 pandemic, the conflict in Ukraine, from 2020 to 2022, the trade turnover between the two countries still recorded double-digit growth, reaching roughly US$2.4 billion in 2022 alone.

This result is a clear demonstration of the two governments’ efforts, people and businesses of the two countries in boosting economic recovery and development after the pandemic.

Sharing at the forum, Czech Deputy Minister of Industry and Trade Edvard Kozusnik expressed his pleasure that this forum drew the active participation of both nations’ relevant agencies and businesses.

He also highly appreciated the traditional friendship between the two countries, with an important contributory factor to this friendship being the Vietnamese community that has made positive contributions to politics and trade of the two countries and high-level delegation exchanges between in recent years.

Talking to a Voice of Vietnam (VOV) correspondent in Prague, Edvard Kozusnik highlighted the forum as a great opportunity for the two sides to share experience and seek suitable investment opportunities after the Czech Prime Minister’s visit to Vietnam in April.

“The recent visit of the Czech Prime Minister to Vietnam has greatly contributed to the development of Czech business activities in Vietnam and vice versa. We have a long-standing relationship and now is a great opportunity to accelerate the business growth of the two sides’ businesses. This forum is an important step for both sides to share experience in business activities, learn from each other for further development, he said.

"We also have experience from many large enterprises such as Skoda Auto, now a major investor in Vietnam along with other Vietnamese partners,” Edvard Kozusnik, added.