Hanoi workshop provides Czech market information
Wednesday, May 17,2017AsemconnectVietnam - The Hanoi Promotion Agency hosted a workshop in Hanoi on May 15 to provide information on the Czech Republic for local firms who wish to access the European market.
Speaking at the workshop, David Jakulisch from the Czech Embassy in Vietnam, said the Czech Republic lies in the heart of Europe and has developed transport infrastructure. The Czech government facilitates transparent foreign investment with skilled workers, he noted.
Vietnam mostly ships footwear, clothing, seafood, industrial machinery and electronic devices to the European nation, while importing machinery and steel-made products.
By mid-2016, there were 30 Czech investors in Vietnam who poured more than 170 million USD into local projects, making the Czech Republic the 40th largest out of 150 foreign investors in Vietnam. Two-way trade between the two countries is estimated at 1 billion USD.
However, barriers remain for made-in-Vietnam products to penetrate the Czech market, Tran Dinh Hiep from the Ministry of Trade and Industry said, citing the fact that most Vietnamese exports to the country face fierce competition from the EU, China, Thailand, Turkey and the Republic of Korea as Vietnamese goods are less competitive in pricing, design, and quality.
The Czech business community is finding solutions to allow more made-in-Vietnam goods to enter the market as well as for Vietnam to lure more foreign investment and technology transfer, he added.
Meanwhile, Le Thi Nhan from Vietnam-based tour operator Haseco Travel said the Czech Embassy does not provide visa services in Vietnam so the company’s clients are forced to apply for visas through the French embassy.
A representative from the Czech Embassy said it acknowledged the problems and will introduce more support for Vietnamese travellers soon. He suggested that Vietnamese nationals who live in HCM City can also apply for Czech visas through the Embassy of Hungary.
Vietnam mostly ships footwear, clothing, seafood, industrial machinery and electronic devices to the European nation, while importing machinery and steel-made products.
By mid-2016, there were 30 Czech investors in Vietnam who poured more than 170 million USD into local projects, making the Czech Republic the 40th largest out of 150 foreign investors in Vietnam. Two-way trade between the two countries is estimated at 1 billion USD.
However, barriers remain for made-in-Vietnam products to penetrate the Czech market, Tran Dinh Hiep from the Ministry of Trade and Industry said, citing the fact that most Vietnamese exports to the country face fierce competition from the EU, China, Thailand, Turkey and the Republic of Korea as Vietnamese goods are less competitive in pricing, design, and quality.
The Czech business community is finding solutions to allow more made-in-Vietnam goods to enter the market as well as for Vietnam to lure more foreign investment and technology transfer, he added.
Meanwhile, Le Thi Nhan from Vietnam-based tour operator Haseco Travel said the Czech Embassy does not provide visa services in Vietnam so the company’s clients are forced to apply for visas through the French embassy.
A representative from the Czech Embassy said it acknowledged the problems and will introduce more support for Vietnamese travellers soon. He suggested that Vietnamese nationals who live in HCM City can also apply for Czech visas through the Embassy of Hungary.
Source: vov.vn
Vietnamese businesses updated on India’s new foreign trade policy
Vietnam-Russia business forum attracts 200 firms
Vietnam, Singapore talk cooperation in logistics
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM
Vietnam, the Netherlands promote exports through digital environment
Vietnam learns from RoK’s experience in agricultural development
China, Singapore conclude upgraded FTA negotiations
Japanese investors highly appreciate Vietnamese property market
Germany ready to assist Vietnam in energy transition: official
Vietnam, China’s Guangxi promote economic cooperation in new era
Joint statement on conclusion of negotiations on UK’s CPTPP accession issued
Vietnamese banks remain attractive to foreign investors
Cross-border activities run smoothly at Huu Nghi border since China's reopening
HCM City to host international paper, coatings, rubber, and plastic expos
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...