(VOVWORLD) -Vietnam-Hungary relationship has flourished, especially since the two countries upgraded their ties to Comprehensive Partnership in 2018, according to talks between President Luong Cuong and his Hungarian counterpart Sulyok Tamas in Hanoi on Wednesday.
 President Luong Cuong holds talks with Hungarian President Sulyok Tamas in Hanoi on May 28, 2025. Photo: VOV
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At the talks, the two leaders said economy continues to be a bright spot in the bilateral relationship with two-way trade turnover reaching nearly 1 billion USD in 2024.
Discussing orientations and measures to boost ties, they agreed to continue to increase contacts and exchanges of delegations at all levels through all channels of the Party, State, Government, National Assembly, and people-to-people exchanges to enhance political trust and mutual understanding.
The two sides agreed to further the role of the Joint Committee on Economic Cooperation, encourage ministries, sectors, localities, and enterprises of the two countries to effectively implement the EU-Vietnam Free Trade Agreement (EVFTA).
Both stressed the need to strengthen investment cooperation in Hungary's strong fields, such as IT, energy, agriculture, food industry, healthcare, and pharmaceuticals, to bridge each other into the Southeast Asian market with a population of over 650 million people and a combined GDP of over 4 trillion USD and the European Union market, including the Central-Eastern Europe region.
President Cuong suggested that Hungary continue to ask the remaining EU countries to soon ratify the EU-Vietnam Investment Protection Agreement (EVIPA), and the European Commission (EC) to soon remove the IUU "yellow card" imposed on Vietnam's seafood exports.
The two sides agreed on the effective use of 200 scholarships that Hungary grants annually to Vietnamese students, prioritize training in fields that Vietnam currently has high demand for such as healthcare, pharmacy, ITC, environment, and agriculture.
The two presidents also agreed to boost effective cooperation in traditional areas, including defense-security, science-technology, agriculture, medicine-pharmacy, culture, tourism, people-to-people exchange, while expanding cooperation in digital transformation, IT, environment, and water resources management.
They pledged to continue to closely coordinate and support each other at multilateral forums, especially at the United Nations, contributing to jointly addressing global challenges.