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His journey aims tostrengthen friendship and multifaceted cooperation with the two Europeancountries while raising Vietnam’s position and prestige in Europeand the world.
Since Vietnam and Hungaryestablished their diplomatic ties in 1950, the two countries’ relationshave enjoyed fine developments. Hungary has supported Vietnamduring its national construction and defence. The Central Europeannation trained nearly 3.500 scientists and technicians for Vietnam .
Over the past decade, the Hungarian President,Prime Minister and National Assembly Speaker have visited Vietnam,while their Vietnamese counterparts have also travelled to Hungary.
The two countries’ economic-trade cooperationcontinues to see positive growth. Two-way trade has remained stable butgrown in recent years, hitting 121 million USD in 2012.
Hungary now provides Vietnam with an official development aid(ODA) fund worth 115 million USD in the environmental and healthcarefields. The two countries also signed an agreement on culturalcooperation in March.
Hungary is the first leg of President Sang’s trip to Europe that includes the Kingdom of Denmark.
Denmark was among the first Western countries to establishdiplomatic ties with Vietnam (ties officially began on November 25,1971). Since then, the two countries have seen fine traditionalfriendship and cooperation and regularly hold exchanges of high-rankingdelegations.
During Prime Minister Nguyen TanDung’s visit to Denmark in September 2009, the two nations agreed tolift their ties to a Partnership for Development on the basis ofequality, stability, durability and mutual benefit, with the priorityplaced on boosting cooperation in economics, trade, investment,development, culture, education, science and technology.
In 2012, the two countries established the strategic partnership inthe areas of climate change, energy, environment and green growth, withthe aim of creating a new framework for their cooperation in thesefields.
The Danish Government has chosenVietnam as one of ten nations to implement its Market DevelopmentStrategy, which aims to encourage Danish businesses to expand theirinvestment and operations in Vietnam.
As oflate May, the Northern European nation had 106 projects with a totalregistered capital topping 674 million USD in Vietnam, ranking 25thamong 100 countries and territories investing in the country. Theprojects mostly focus on the fields of industrial processing,manufacturing, transportation, wholesale and retail.
Last year, bilateral two-way trade reached 468 million USD,increasing slightly from the previous year, while the figure was 184.2million USD during the first five months of 2013.
Vietnam mainly exports garment and textiles, footwear, woodenproducts, handicrafts, coffee and electrical equipment to Denmark ,while importing chemicals, dairy products and raw materials from theEuropean country.
Denmark is now amongVietnam’s biggest non-refundable ODA providers. Since 1972, it hasprovided Vietnam with nearly 1.2 billion USD mostly used in thespheres of environment, climate change, judicial reform and education.-VNA
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