From January 18-20, 2024, Governor of the State Bank of Vietnam Nguyen Thi Hong accompanied Prime Minister Pham Minh Chinh on an official visit to Hungary. During the visit, the Governor attended talks between Prime Minister Pham Minh Chinh and Hungarian Prime Minister Viktor Orban, Hungarian President Katalin Novak, Vice President of the Hungarian National Assembly and the Vietnam-Hungary Business Forum along with other bilateral activities.
At the meetings, the Governor of the Central Bank of Hungary and the Governor of the State Bank of Vietnam had the opportunity to discuss the activities of the Central Bank and the management of monetary policy. Accordingly, the Governor of the Central Bank of Hungary highly appreciated the results of the monetary policy management of the State Bank. Specifically, in the difficult context, the State Bank of Vietnam has operated flexibly, contributing to controlling inflation at a low level, increasing the State's foreign exchange reserves, stabilizing exchange rates, and stabilizing the monetary and foreign exchange markets.
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| Activities of the Vietnamese Delegation within the framework of the official visit to Hungary |
Also within the framework of the visit, the Governor of the State Bank accompanied the Prime Minister at meetings with leaders of several Parties and the Vietnam - Hungary Friendship Association, witnessed the signing ceremony of cooperation documents between the two countries, visited the Hungarian National University of Public Administration, visited the Vietnamese Embassy in Hungary and representatives of the Vietnamese community there.
In Hungary, ministries and sectors have coordinated with Vietnamese commercial banks and enterprises to organize the Vietnam – Hungary Business Forum (Forum). This is a dialogue session on economic – investment – trade cooperation between Vietnam and Hungary. This event is of great significance to connect banks and enterprises, aiming to open a new period of cooperation.
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| Governor of the State Bank of Vietnam Nguyen Thi Hong and leaders of ministries and branches attended activities during the official visit to Hungary. |
At the Forum, delegates introduced the potential and investment and business environment of Vietnam and Hungary. Speaking at the Dialogue, the Prime Minister shared that the good relationship over the past 70 years is a favorable foundation for economic, trade and investment cooperation between the two countries. The Prime Minister hopes that investors will deeply and fully understand the relationship between the two countries to strengthen peace, cooperation and development; calling on Hungarian investors and businesses to explore opportunities, expand cooperation and investment with Vietnam, for the benefit of each business, the development of each country, for the Vietnam-Hungary relationship and peace, cooperation and development in the region and the world.
The Hungarian Prime Minister wants to promote bilateral trade in a more balanced direction, and at the same time, he suggested that Vietnam encourage large enterprises to invest in Hungary. Although the two countries have geographical distance, the Hungarian Prime Minister believes that this difficulty can be overcome with practical solutions such as the two countries will soon open direct flights between Vietnam and Hungary; along with promoting people-to-people exchanges, the exchange of international students... Prime Minister Viktor Orban affirmed that Hungary will continue to maintain a peaceful and stable environment for development and always welcome investors.
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Governor of NNHN took a souvenir photo with the delegation of commercial banks attending the Vietnam - Hungary Business Forum |
Representing leading commercial banks in Vietnam participating in the Forum, leaders of Vietcombank introduced the main features of the Vietnamese economy, trends and opportunities for foreign investors. In particular, the Vietnamese commercial banking system has actively and dynamically improved its management and operation capabilities, gradually meeting all international standards; always ready to provide the best banking services to foreign investors when investing in Vietnam. The services are not only limited to traditional banking services but have also developed to consulting, connecting and finding business opportunities for investors. Representatives of Vietcombank affirmed that with the direction and support of the State Bank, Vietcombank and other commercial banks will play an active role as a bridge for trade and investment activities in both directions of Hungary and Vietnam. Thereby, contributing to realizing the expectations of promoting economic cooperation of the leaders of the two countries.
The official visit to Hungary by the Prime Minister and the Vietnamese delegation is of great significance on the occasion of the 5th anniversary of the establishment of the Comprehensive Partnership between the two countries.
During the 3 days of January 20-22, 2024, the Governor continued to attend the Vietnamese Delegation accompanying the Prime Minister on an official visit to Romania.
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