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Home / Investment / Opportunities
Czech firms seek investment opportunities in Vietnam
Thu Minh 19:16, 2015/10/24
Speaking at a Czech – Vietnamese business forum held in Hanoi on October 23, Stanislav Kazecky, Vice President of the Confederation of Industry of the Czech Republic affirmed his country hopes to expand links with Vietnamese enterprises, especially in energy, automobile manufacturing, waste water treatment, oil refinery and healthcare.
Co-chaired by the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Foreign Affairs and the Confederation of Industry of the Czech Republic, the Czech – Vietnamese business forum attracted various Vietnamese businesses and nearly 20 Czech enterprises operating in waste water treatment technology, mechanics, construction, turbine manufacturing, renewable energy, electronics and automation.
 
At the forum.
At the forum.
Addressing the forum, Vice Chairman of the VCCI Doan Duy Khuong said his agency will work closely with its Czech counterparts to support the two countries’ businesses to seek and set up partnerships.
Khuong also affirmed that with its huge potential, Vietnam will be an effective partner for Czech firms.
Vietnamese and Czech enterprises should take full advantage of opportunities by defining strategic and feasible cooperation fields to further their links.
According to the VCCI, bilateral trade hit nearly 295 million USD in 2014, increasing nearly 20% against that of the previous year.
The Czech Republic’s main exports to Vietnam were machinery and equipment, spare parts and electronics while Vietnam mainly exported garments, footwear, machines and spare parts to the European country.
The Czech Republic considers Vietnam one of its 12 important markets and it is now the 44th biggest investor in Vietnam.
Czech investors are operating 48 projects worth more than 100 million USD in Vietnam.
Speaking at the event, Stanislav Kazecky, Vice President of the Confederation of Industry of the Czech Republic, stressed that his county wishes to expand cooperation with Vietnamese enterprises, especially in energy, automobile manufacturing, waste water treatment, oil refinery and healthcare.
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