Czech PM’s Vietnam go to anticipated to create new momentum for bilateral ties | Politics

Czech PM’s Vietnam visit expected to create new momentum for bilateral ties hinh anh 1Prime Minister Pham Minh Chinh (R) meets Czech PM Petr Fiala on the sidelines of the ASEAN–EU Summit in December 2022 (Photograph: VNA)

Hanoi (VNA) Czech Prime Minister Petr Fiala pays an official
go to to Vietnam from April 20 to 22, marking his first journey to Asia since
taking workplace on the finish of 2021 and the primary go to of a head of the Czech
Authorities to Vietnam in 15 years.

The go to, made on the invitation of Prime Minister Pham
Minh Chinh, takes place within the context that the standard friendship and multifaceted
cooperation between Vietnam and the Czech Republic are growing properly.

Conventional partnership

Vietnam and the Czech Republic arrange their diplomatic ties
on February 2, 1950. Since then, the Czech Republic has at all times applied a coverage of growing cooperative relations with Vietnam in all fields.

The 2 sides preserve common contacts in any respect ranges.
Just lately, PM Chinh met PM Petr Fiala on the sidelines of the ASEAN–EU Summit in
December 2022; and beforehand, in August 2021, they held cellphone talks.

The 2 nations have signed 14 cooperation agreements in
all fields, together with these on commerce, bilateral cost
and debt compensation, funding encouragement and safety,
avoidance of double taxation, and financial cooperation. Notably, the
two sides signed a Memorandum of Understanding on defence-security cooperation
in 2012.

As well as, the 2 nations have intently coordinated at
worldwide and regional multilateral boards. The Czech Republic supported
Vietnam’s candidacy for the place as a non-permanent member of the United
Nations Safety Council for the 2020-2021 time period, and was one of many first EU
member states to ratify the EU-Vietnam Free Commerce Settlement (EVFTA), and the EU-Vietnam
Funding Safety Settlement (EVIPA).

Intensive economic-trade cooperation

The event and worldwide integration of the 2
economies have created beneficial circumstances for bilateral cooperation in
economics, commerce and funding.

Two-way commerce has grown in recent times however continues to be modest
in comparison with the 2 nations’ potential. The turnover reached 848 million USD in
2022, up 15% year-on-year.

Czech PM’s Vietnam visit expected to create new momentum for bilateral ties hinh anh 2Bac Kan province’s vermicelli exported to the Czech Republic (Photograph: VNA)

Concerning funding, the Czech Republic has 41 FDI initiatives
in Vietnam with a complete capital of 92 million USD, primarily within the processing,
manufacturing and mining.

When it comes to improvement cooperation, the Czech Republic was
the primary Japanese European nation to supply ODA to Vietnam, with about 20
million USD in complete.

Since 2013, it has not positioned Vietnam within the checklist of
ODA improvement support recipients as a result of nation’s financial
improvement progress.

Selling cooperation in different facets

Schooling and coaching is one other potential subject for
cooperation between the 2 nations. The 2 sides have made nice efforts to
increase collaboration potentialities. A number of universities of Vietnam have cooperated
in coaching with these from the Czech Republic, whereas a brand new cooperation settlement in schooling is now within the negotiation course of.

As well as, cooperation in labour is a noteworthy subject within the two nations’ relations. Within the context of labour scarcity, the Czech
Republic has demand for Vietnamese staff with skilled coaching
and Czech language, particularly within the medical subject. It has additionally established a number of
vocational coaching establishments for Vietnamese staff to enhance their
expertise in mechanical engineering and car business to complement a
expert workforce for the nation.

At present, there are practically 100,000 Vietnamese individuals residing
within the Czech Republic. On July 3, 2013, the Czech Authorities determined so as to add Vietnamese-Czech
individuals to its Council of Ethnic Minorities, thereby recognising Vietnamese-Czech
individuals as an ethnic minority group within the nation.

The 2 sides have additionally agreed to additional strengthen cooperation
in agriculture, science-technology, the surroundings, local weather change response,
power, and human assets improvement within the digital period, tradition, tourism,
and justice.

With long-standing and intensive cooperation in all
fields, the upcoming go to to Vietnam by Czech Prime Minister Petr Fiala reveals
the significance his nation attaches to strengthen the bilateral relations.
In the course of the go to, the 2 sides are anticipated to establish particular cooperation
instructions in economics, commerce and funding, and talk about measures in direction of the
efficient implementation of the EVFTA./.

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