Vietnam & Hungary Strengthen Ties as 75th Anniversary Approaches
President Lương Cường received Speaker László Kövér of the Hungarian National Assembly in Hà Nội on Monday. The visit, marking the 75th anniversary of diplomatic relations, underscores the strong ties between the two nations and will further advance their Comprehensive Trading Partnership, particularly in inter-parliamentary cooperation.
Both leaders expressed satisfaction with the progress in bilateral ties since the establishment of the Comprehensive Trading Partnership in 2018. Bilateral trade, averaging around US$1 billion annually during 2020-2024, has seen significant growth, along with collaboration in defence-security, education-training, culture, and environmental protection.
Speaker Kövér pledged close cooperation between the two legislatures to support efforts to raise bilateral trade to US$2 billion in the near future. He also praised the contributions of the Vietnamese community in Hungary and promised continued support for their integration and development. President Cường called for continued coordination between the two parliamentary leaders to create a favourable legal corridor for bilateral cooperation.
The visit by Speaker Laszlo holds great significance as the two countries celebrate the 75th anniversary of diplomatic relations. It demonstrates the high level of trust between the two nations and their commitment to advancing their Comprehensive Trading Partnership. With the EU-Vietnam Investment Protection Agreement (EVIPA) ratified by 18 EU countries, and Poland expected to be the 19th, the future of bilateral trade and cooperation looks promising.
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