President urges effective use of Hungary’s preferential loans

President Tran Dai Quang has called on Vietnam and Hungary to continue their close coordination to soon select projects to use Hungary’s preferential loans effectively and pragmatically, for the sake of the two countries’ people. ​
President urges effective use of Hungary’s preferential loans ảnh 1 President Tran Dai Quang and Hungarian Prime Minister Viktor Orban (Source: VNA)
Hanoi (VNA) – President TranDai Quang has called on Vietnam and Hungary to continue their closecoordination to soon select projects to use Hungary’s preferential loanseffectively and pragmatically, for the sake of the two countries’ people.

At a meeting with visiting Hungarian PrimeMinister Viktor Orban in Hanoi on September 25, the President applaudedHungary’s continuous naming of Vietnam a priority partner in its developmentcooperation policy.

Hungry is Vietnam’s largest officialdevelopment assistance (ODA) supplier in East-Central Europe, with preferentialloans totaling 535 million EUR (roughly 636 million USD). Of the number, 440 millionEUR is within a framework agreement on credit cooperation signed by the twocountries in January 2017, he said.

Noting with joy the friendship betweenVietnam and Hungary over the past 67 years, President Quang stressed thatVietnam always places importance to developing the relations with traditionalfriends in East-Central Europe, including Hungary.

He described PM Viktor Orban’s visit as amilestone in the relationship, helping to open up new cooperation prospects forthe two countries.

With a range of cooperation agreements inkedfollowing the talks between PM Viktor Orban and his Vietnamese counterpartNguyen Xuan Phuc, the Hungarian leader’s visit is expected to create a momentumto push up the traditional friendship and multi-faceted cooperation between thetwo countries, especially in trade and investment, making the link on par withthe fruitful political ties, President Quang said.

He said the two sides should step up theexchange of all-level delegations as well as collaboration between ministries,agencies, localities and businesses in order to realise the above-mentionedagreements.

Multilaterally, the President hailed the twocountries’ close coordination at international forums, particularly within theframework of the UN, the Asia-Europe Meeting and the Mekong-Danube cooperationmechanism.

He used the occasion to thank the Hungarianside for supporting Vietnam’s candidacy for a seat in the UN Economic andSocial Council during 2016-2018 as well as its commitments to backing Vietnam’sbid to run for a non-permanent seat in the UN Security Council for 2020-2021.

He suggested Hungary promote thecomprehensive relations between Vietnam and the EU, including the earlyofficial signing and ratification of the EU-Vietnam Free Trade Agreement.

President Quang also thanked Hungary forcreating favourable conditions for more than 4,000 Vietnamese in the countryand called on the Hungarian side to continue their support for them.

For his part, PM Viktor Orban congratulatedVietnam on its socio-economic achievements over the past decades.

With the participation of many Hungarianministers and more than 40 businesses, the visit is considered a new start forthe bilateral relationship, the PM said.

Hungary wishes to take part in a number ofVietnam’s development programmes and opens its door for Vietnam to participatein Hungary’s development in the next 20 years, he said.

The PM told his host that Hungary hascarried out several cooperation projects in Vietnam in the fields ofagriculture and health care.

Hungary has also granted 200 scholarships toVietnamese students each year and there are about 3,000 Vietnamese graduatingfrom Hungarian universities, he said, calling for President Quang’s support forthe establishment of the Hungary Culture Centre in Hanoi.

He stressed that Hungary welcomes Vietnamesebusinesses to invest in the country and stands ready to bridge Vietnam withother countries in East-Central Europe.
Hungary will be the first EU nation to approvethe EU-Vietnam Free Trade Agreement, he pledged.

Vietnam and Hungary issued a joint statementon PM Vikor Orban’s visit to Vietnam from September 24-26. - VNA
VNA

See more

Illustrative image (Photo: VNA)

PM meets with Kazakh, Turkmen, Ethiopian leaders

Vietnamese Prime Minister Pham Minh Chinh had brief meetings with President of Kazakhstan Kassym-Jomart Tokayev, President of Turkmenistan Serdar Berdimuhamedow, and Prime Minister of Ethiopia Abiy Ahmed on the sidelines of the expanded BRICS Summit in Kazan city of Russia on October 23 evening (local time).

The seminar brings together Vietnamese researchers in Russia, young scientists of Vietnam and China, and experts from other specialised fields. (Photo: VNA)

Seminar spotlights Vietnam studies in Russia

An international seminar titled "Current issues in Vietnam studies” took place at the Centre for Vietnam and ASEAN Studies (CVAS) of the Institute of China and Contemporary Asia under the Russian Academy of Sciences on October 23.

PM meets with Chinese top leader on sidelines of BRICS+ Summit

PM meets with Chinese top leader on sidelines of BRICS+ Summit

Vietnamese Prime Minister Pham Minh Chinh had a meeting with General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping on the sidelines of the expanded BRICS Summit in Kazan, Russia, on October 23 (local time).

Vietnamese Prime Minister Pham Minh Chinh (L) meets with Turkish President Recep Tayyip Erdogan in Kazan on October 23 evening (local time). (Photo: VNA)

Vietnamese PM meets with Turkish President in Russia

Vietnamese Prime Minister Pham Minh Chinh had a meeting with Turkish President Recep Tayyip Erdogan in Kazan on October 23 evening (local time) within the framework of his trip to Russia for attendance at the expanded BRICS Summit.

Prime Minister Pham Minh Chinh (R) and Lao Party General Secretary and State President Thongloun Sisoulith in Kazan, Russia, on October 23 when attending the expanded BRICS Summit. (Photo: VNA)

PM Pham Minh Chinh meets Lao top leader

Prime Minister Pham Minh Chinh met with Lao Party General Secretary and State President Thongloun Sisoulith in Kazan, Russia, on October 23 (local time), while there to attend the expanded BRICS Summit.

Deputy Minister of Justice Nguyen Thanh Tinh. (Photo: VNA)

Party leader’s article creates new vitality to building, perfection of rule-of-law socialist State: Official

Party General Secretary To Lam’s article entitled “Promoting Party characteristics in building a law-governed socialist State in Vietnam” brings a breath of fresh air and creates new vitality to the promotion of building and perfecting the Vietnamese rule-of-law socialist State of the people, by the people, and for the people in a faster and more effective manner, commended Deputy Minister of Justice Nguyen Thanh Tinh.

Prime Minister Pham Minh Chinh arrives in Kazan city of Russia (Photo: VNA)

PM arrives in Kazan, starting trip to attend BRICS Summit

Prime Minister Pham Minh Chinh and a high-ranking delegation of Vietnam arrived in Kazan city of Russia on October 23 morning local time), beginning his two-day trip to attend the expanded BRICS Summit, at the invitation of President Vladimir Putin, Chair of BRICS 2024.