Hungarian ambassador views Vietnam as good choice for investors

Vietnam, as a new emerging market, will be a logical choice for Hungarian investors and traders in the context of global economic downturn.

Hungarian Ambassador to Vietnam, Vizi Laszlo, made the affirmation at a meeting in Hanoi on December 15 with local reporters, Vietnamese Ambassador to Hungary Nguyen Quoc Dung and representatives of Hungarian businesses in Vietnam.

Ambassador Vizi Laszlo said Hungarian businesses wish to increase their pharmaceutical and farm products in Vietnam while establishing bilateral co-operation in the fields of tourism, science and technology, mechanical engineering, water and waste treatment, and environmental protection.

He recalled the Indochina conference held in Budapest last November, saying it revealed a great potential untapped in the two countries’ relationship.

In 2007, the two countries’ two-way trade reached US$85 million, up 58 percent compared to 2006.

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