Ho Chi Minh City, January 13 (MTI) – Foreign Minister Peter Szijjarto on Wednesday reopened Hungary’s consulate-general in Ho Chi Minh City, Vietnam’s biggest city.
Szijjarto told MTI by phone that the government has thereby rehabilitated a foreign mission that had been closed down ten years ago.
He noted that the one-time Saigon is the country’s economic, trade and technology centre, a crucial location for Hungary to represent its economic interests in Vietnam.
Szijjarto said Hungary is the sixth European Union member state to have opened a consulate-general in the city which he said has now become an important economic and financial hub in Southeast Asia.
The minister said the city’s further development plans, particularly in the areas of water management, the environmental industry, food industry, IT sector and the pharmaceutical industry, will play into the strengths of Hungary’s economy. He added that by boosting economic ties with Ho Chi Minh City, Hungary and Vietnam would be able to maintain 10 to 20 percent trade turnover growth rate.
Szijjarto said he met Vietnamese business leaders who had assured him that they were prepared to work together with Hungarian businesses. The minister said Hungary’s Eximbank would open a 200 million dollar credit line to support Hungarian companies doing business in Vietnam.