Vietnam to create favourable conditions for Czech businesses

October 13, 2011 | 08:08

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Vietnamese government is committed to creating favourable conditions for Czech investors to do business in Vietnam.

This was affirmed by Deputy Prime Minister Vu Van Ninh at the reception for Czech Minister of Industry and Trade, Martin Kocourex in Hanoi on October 12.

The Deputy PM highlighted Mr Kocourex’s visit to Vietnam which has proved the Czech government’s keen interest in cooperation between the two ministries and governments.

Mr Ninh said that both countries have great potential for cooperation, especially in the field of trade and industry. However, current cooperation between the two sides remains modest.

He also emphasized that in recent times, Vietnam has made great efforts to take measures to reduce the impact of the global economic crisis on its economy and achieved initial results.

At present, Vietnam gives priority to developing infrastructure and reducing poverty. Therefore, Vietnam hopes to receive cooperation and support from the Czech Republic in the future, especially in terms of technical assistance from Czech experts in mechanics and industry.

For his part, Minister Martin Kocourex thanked the Deputy PM for receiving the Czech delegation. He emphasized that during the visit more than 50 Czech businesses want to seek investment opportunities in Vietnam. He proposed that the two governments continue to create favourable conditions to promote cooperation and investment among businesses effectively.

The Czech Republic is willing to cooperate and support Vietnam in the fields which the European country has advantages and will continue to provide Official Development Assistance (ODA) to Vietnam, he said.

VOV

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