Viet Nam and the Czech Republic will strive for 1 billion USD in two-way trade in the near future, Vice President of the Viet Nam Chamber of Commerce and Industry (VCCI) Vo Tan Thanh said on October 22.

The VCCI official addressed a forum for Vietnamese and Czech businesses to seek long-term business partnerships in Ho Chi Minh City.

Two-way trade in the first two quarters of 2015 totalled 165 million USD and Viet Nam mainly shipped to the partner footwear, seafood, textiles-garment, and chemical products, Thanh added.

VCCI Vice President Vo Tan Thanh speaks at the forum (Source: VNA)

He noted that the Czech Republic is among Viet Nam’s strategic markets in 2010-2020 while Viet Nam is listed in the European country’s top 12 potential markets.

For his part, Czech Foreign Minister Lubomir Zaoralek stated he believes the two countries have yet fully tapped their potential for economic development.

Czech investors are operating 48 projects worth more than 100 million USD in Viet Nam, and hope to continue receiving support from local authorities, he said.

(Source: VNA)