Vietnam, Czech Republic vow to expand cooperation

09:38 AM @ Tuesday - 28 September, 2010
Vietnam and the Czech Republic have agreed to prioritise cooperation infinancial-banking, science-technology, trade, agriculture and biology,transport, infrastructure construction and labour.

The agreementwas reached at the second session of the Vietnam-Czech RepublicInter-governmental Commission on Trade and Scientific Cooperation inHanoi on September 28.

Czech Deputy Minister of Industry andTrade Milan Horvoka, who is leading the Czech delegation to the session,said that the two sides agreed to add the financial and tourism fieldsto the list of projects.

Vietnamese Deputy Minister of Industryand Trade Le Danh Vinh stressed that the two sides need to promoteinformation sharing through different channels, encourage businesses toopen representative offices or branches and set up companies in eachcountry.

The Ministry of Industry and Trade always facilitatesCzech businesses to increase cooperation in industry and trade inaccordance with Vietnam ’s laws and policies, he added.

Duringthe session, the two sides informed each other of their respectivecountry’s economic development and reviewed the implementation ofagreements signed at the previous session.

Two-way trade betweenthe two countries saw a steady growth in recent year. The figure rosefrom 100 million USD in 2005 to 294 million USD in 2008 and reached 300million USD one year later.

Considering Vietnamas a traditional market with many advantages, Czech enterprises have sofar invested about 35 million USD in production of glass, crystal,electrical appliances and construction materials.

In 2010, Vietnam and the Czech Republic are celebrating the 60 th anniversary of diplomatic ties./.

(Source: en.vietnamplus.vn)


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