Vietnam welcomes Hungary’s policy to boost bilateral trade
National Assembly Chairwoman Nguyen Thi Kim Ngan welcomes Hungary’s policy to boost the bilateral economic cooperation, including the signing of a framework agreement on a 440 million EUR credit.
National Assembly Chairwoman Nguyen Thi Kim Ngan (L) meets with Hungary’s Prime Minister Viktor Orban (Photo: VNA)
Budapest (VNA) – National Assembly ChairwomanNguyen Thi Kim Ngan welcomes Hungary’s policy to boost the bilateral economiccooperation, including the signing of a framework agreement on a 440 millionEUR credit.
At her meeting with Hungary’s Prime MinisterViktor Orban in Budapest on April 10, Vietnam’s top legislator asked Hungary toquickly implement the agreement and affirmed Vietnam will send a list offeasible projects to the European country to ensure the effective use of thiscredit.
Ngan said she was glad to know that theHungarian PM has plans to pay an official visit to Vietnam in 2017.
She congratulated Hungary on its socio-economicachievements and European integration over the past time, and thanked thecountry for advocating the early signing and ratification of the Vietnam – EUFree Trade Agreement (EVFTA).
The NA Chairwoman expressed her hope that the twocountries will maintain their consultative mechanism and mutual assistance atmultilateral forums and international organisations.
Mentioning the talks between leaders of the twocountries’ legislative bodies, Ngan said the two sides agreed to enhancecollaboration via delegation exchanges and experience sharing while closelycoordinating at regional and international parliamentary forums.
They also concurred to strengthen coordination inmonitoring the implementation of agreements inked by the two nations’governments, along with strategic cooperation projects.
Both parliaments will support exchanges andwin-win partnerships between Vietnamese and Hungarian governments, localities,businesses and peoples, Ngan noted.
PM Viktor Orban said Hungary attaches greatimportance to the development of multi-faceted collaboration with Vietnam.
The traditional friendship and cooperation havebeen demonstrated via high-level meetings, thus creating mutual politicaltrust, he added.
Hungary considers Vietnam a strategic partner inSoutheast Asia, he said, adding that despite economic difficulties, the countrystill provides a credit package worth 440 million EUR for Vietnam.-VNA
The signing of a framework agreement on credit cooperation between the Vietnamese and Hungarian Governments is an important landmark in the two countries’ diplomatic activities this year.
Vice Chairman of the National Assembly Uong Chu Luu held talks in Hanoi on January 13 with his Hungarian counterpart Gergely Gulyas, who is on a working visit to Vietnam from January 12-16.
Chairwoman of the National Assembly of Vietnam Nguyen Thi Kim Ngan and Speaker of the National Assembly of Hungary Kover Laszlo held talks in Budapest on April 10.
General Secretary of the Communist Party of Vietnam Central Committee To Lam and his spouse Ngo Phuong Ly departed from Hanoi on August 10 morning for a four-day state visit to the Republic of Korea (RoK), which is made at an invitation of RoK President Lee Jae Myung.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
National Assembly Chairwoman Nguyen Thi Kim Ngan (L) meets with Hungary’s Prime Minister Viktor Orban (Photo: VNA) 
