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Vietnamese-Hungarian business forum held in Hanoi
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According to Prime Minister Viktor Orbán, the West must accept the new global situation according to which “it will not be blowing the trade winds in the upcoming decades”.
In his speech at a Vietnamese-Hungarian business forum on Monday, Mr. Orbán, who is currently on an official visit to Hanoi, said that in the upcoming decades the tendency according to which the focus of the global economy is moving from the West in an easterly direction will gain strength, and
the West must also accede to this new global situation, which is not an easy process, however.
“Central Europe is making good progress with relation to adapting, however, and the countries of Central Europe have developed broader relations with the eastern part of the world than many large and determinative European countries”, he explained.
Accordingly, Mr. Orbán recommended that if Vietnamese companies would like to establish a bridgehead in a dynamically developing region, then it would be worthwhile for them to choose one of the Central European states, such as Hungary, which is “emerging and gaining strength”.
However, the Prime Minister also drew attention to the fact that
the volume of Hungarian-Vietnamese trade and investment relations is currently modest.
“But despite this, a large Hungarian political and business delegation has nevertheless come to Hanoi, the reason for which is that Hungary has designated Vietnam as a possible strategic partner in the Southeast Asian region”, he said.