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The go to goals to reinforce the parliamentary ties between Vietnam and these two nations, thereby serving to to strengthen political belief and additional deepen ties with Hungary and the UK in all features.
The Vietnam-Hungary relationship has an extended historical past of greater than 70 years. The bilateral relationship has developed positively for the reason that two nations upgraded their relationship to a complete partnership on the event of Common Secretary Nguyen Phu Trong’s go to to Hungary in 2018. The 2 sides preserve exchanges, coordinate and assist one another at multilateral parliamentary boards, and alternate expertise in parliamentary actions, particularly the formulation and fine-tuning of the authorized framework to facilitate the 2 nations’ buyers and companies to cooperate in doing enterprise in a steady and long-term method, bringing substantive advantages to each side.
In financial cooperation, Hungary was lively in pushing for the passing of the EU-Vietnam Free Commerce Settlement and was the primary EU member nation to ratify the EU-Vietnam Funding Safety Settlement. Bilateral commerce in 2021 was maintained at 1.1 billion USD regardless of the affect of the COVID-19 pandemic. The Hungarian authorities donated 256,000 doses of vaccines and 100,000 speedy check kits to assist Vietnam within the struggle in opposition to the pandemic.
Within the EU, Hungary presents the biggest variety of scholarships to Vietnam. Regarding growth cooperation, Hungary regards Vietnam as the principle associate in offering official growth help, with pledges of 440 million EUR. The 5,000-strong Vietnamese group in Hungary is nicely built-in into native society and appears in direction of the house nations with many actions.
Since Vietnam and the UK established a strategic partnership in 2010, bilateral and multilateral cooperation has seen a lot optimistic progress. Regardless of the difficulties as a result of COVID-19, the UK aspect despatched many high-level delegations to go to Vietnam in 2021. The efficient cooperation between the Vietnamese Nationwide Meeting and the UK Parliament over current years is a vital think about additional selling the Vietnam-UK Strategic Partnership.
In financial and commerce cooperation, the overall bilateral commerce worth reached 6.6 billion USD in 2021. The UK is Vietnam’s third largest buying and selling associate in Europe and is amongst Vietnam’s high 20 overseas buyers. The UK presently has 452 lively tasks in Vietnam, with a complete funding of almost 4 billion USD, rating fifteenth amongst 140 nations and territories investing in Vietnam. Instructional cooperation between the 2 sides has been enhanced with the presence of the British Council in Hanoi, Da Nang and Ho Chi Minh Metropolis. The Vietnamese group within the UK has about 110,000 folks, nearly all of whom are nicely built-in into native society and have actions to strengthen group solidarity and look towards constructing the homeland.
Following the success of current high-level exchanges between the 2 nations, Nationwide Meeting Chairman Vuong Dinh Hue’s official go to to Hungary and the UK goals to proceed implementing the overseas coverage of the thirteenth Get together Congress, preserve and deepen bilateral cooperation, improve political belief with associate nations, affirm the 2 sides’ political willpower in sustaining and selling parliamentary cooperation.
The go to additionally goals to advertise the efficient implementation of the EU-Vietnam Free Commerce Settlement and the UK-Vietnam Free Commerce Settlement, creating new momentum for the connection between Vietnam and these two nations in all features. By conferences with political circles, companies and the Vietnamese group, this go to will assist appeal to sources for post-pandemic socio-economic restoration and growth.
The go to can also be an event for the Nationwide Meeting Chairman to convey Vietnam’s message and place on some regional and worldwide problems with shared curiosity. The go to additionally demonstrates the Get together and State’s consideration to the abroad Vietnamese group, within the implementation of Politburo’s Determination No.12 on abroad Vietnamese affairs within the new scenario.
Could Nationwide Meeting Chairman Vuong Dinh Hue’s official go to to Hungary and the UK be a terrific success, serving to to strengthen political belief and deepen the excellent partnership with Hungary and the strategic partnership with the UK in all features.
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