Home breadcru News breadcru Import/Exports breadcru Czech Republic-Vietnam trade rises by 28% YoY in 2021 H1 to $936 mn

Czech Republic-Vietnam trade rises by 28% YoY in 2021 H1 to $936 mn

19 Nov '21
1 min read
Pic: Ministry of Industry and Trade Web Portal
Pic: Ministry of Industry and Trade Web Portal

Two-way trade between the Czech Republic and Vietnam rose by 28 per cent year on year (YoY) in the first half of 2021 to around $936 million. It was worth $1.5 billion last year, up by 22 per cent from the year prior to that. The Czech Republic-Vietnam Business Roundtable was held recently by the Vietnamese embassy and the Czech Management Association in Prague.

The two countries are seeking ways to make the most of the European Union-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVPIA) is in the process of domestic ratification, according to a press release from the Vietnamese ministry of industry and trade.

The Czech Republic has acted as a gateway for Vietnamese goods to enter the EU market.

The Czech side also showed interest in stepping up bilateral partnership in civil aviation, suggesting both governments should work together to train Vietnamese pilots and open more direct flights between the two countries.

ALCHEMPro News Desk (DS)

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