Son spoke highly of the Hungarian minister's official visit, saying that it is an important activity to promote the Vietnam – Hungary comprehensive partnership, especially as the two countries are celebrating the 75th anniversary of their diplomatic ties (1950–2025).

Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son (second, left) holds talks with Hungarian Minister of Foreign Affairs and Trade Szijjarto Peter.

He affirmed that Vietnam always values and looks for stronger multifaceted cooperation with Hungary, its first comprehensive partner in Central and Eastern Europe.

The host took the occasion to thank and call on the Hungarian Government to continue creating favourable conditions for the Vietnamese community in the country, enabling them to stably live, work, and contribute to Hungary’s socio-economic development and the bilateral relations.

For his part, Szijjarto Peter expressed his admiration for Vietnam's achievements in socio-economic development and international integration in recent years.

He highly valued Vietnam's increasingly important position in the region and the world, affirming that Hungary attaches importance to and hopes to enhance its relations with Vietnam, one of its leading partners in Southeast Asia.

Both host and guest held that over the past 75 years, the traditional friendship and multifaceted cooperation between the two countries have been flourishing across various fields, particularly politics – diplomacy, trade, investment, development cooperation, culture, education, and health care.

Hungary is currently a major trading partner of Vietnam in Central and Eastern Europe, while Vietnam is one of Hungary’s most promising markets in Asia.

Despite global economic challenges, bilateral trade has maintained growth, consistently reaching about 1 billion USD per annum in recent years.

The two sides agreed that there remains big room to further boost bilateral cooperation. They reached consensus on measures to foster cooperation in potential areas in the coming period, including increasing high-level delegation exchanges and keeping close coordination and mutual support at multilateral forums such as the United Nations and the ASEAN – EU cooperation framework.

Vietnam and Hungary will closely coordinate to fully tap opportunities brought about by the EU – Vietnam Free Trade Agreement (EVFTA), facilitate the entry of their agricultural and aquatic products into each other’s markets, and encourage Hungarian enterprises to invest more in the sectors matching Vietnam's demand and Hungary's strengths like pharmaceutical, livestock farming, food processing, and water management, the officials said.

They also agreed to expedite the ratification of the EU – Vietnam Investment Protection Agreement (EVIPA), and further boost collaboration in education, nuclear power personnel training, agriculture, environment, defence, security, culture, tourism, health care, information and communications technology, and climate change response.

The two sides concurred in promptly negotiating and signing an agreement on the readmission of citizens, which is hoped to serve as a legal basis for further enhancing labour cooperation.

Besides, they also agreed to organise the 10th session of the Vietnam – Hungary Joint Committee on Economic Cooperation in Hanoi soon.

Regarding regional and international issues of common concern, including the situations in the East Sea/South China Sea and Ukraine, both sides shared the view that disputes must be resolved by peaceful measures, with respect for the UN Charter and international law.

PM calls for increased US investments in Vietnam

The Trump Organisation's 1.5 billion USD project in the northern province of Hung Yen aims to deliver a hi-end urban, eco-tourism, sport, and premium golf complex, meeting its top standards. The proposed investor is a joint venture between Hung Yen Investment and Development Group JSC and IDG Capital, representing the Trump Organisation.

Tax revenue from e-commerce surges

According to the department, 130 foreign suppliers, including Google and Facebook, have registered, declared, and paid taxes through the electronic tax portal for foreign providers, contributing a total of 2.91 trillion VND (114 million USD).

Vietnam among world’s fastest-growing economies in terms of trade

Vietnam’s trade volume is forecast to grow at a compound annual rate of 6.5% from 2024 to 2029, up from 6.2% in the 2019-2024 period.

Party chief highlights development of private economic sector as lever for building prosperous Vietnam

The private sector has not only helped expand production, trade, and services but also made an important contribution to improving labour productivity, promoting innovation, and increasing national competitiveness. The strong rise of many Vietnamese private enterprises has not only enabled them to dominate the domestic market but also gained a foothold in international markets.

Bac Giang speeds up construction progress and public investment disbursement

BAC GIANG - Timely disbursement of public investment to build construction works contributes to bolstering socio-economic development of the locality. Thus, the northern province of Bac Giang has directed departments, agencies and localities to implement synchronous measures to reach the public investment disbursement plans and targets. 

Bac Giang promotes green transition

BAC GIANG - At the 26th United Nations Climate Change Conference (COP 26) held in late 2021 in the UK, Vietnam committed to implementing measures to reduce greenhouse gas emissions and achieve net-zero emissions by 2050. To achieve this goal, in recent years, Bac Giang has been promoting digital transformation and green transition, gradually greening its economy.