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Jan 07, 2020

Hungary supports Vietnam with tied aid

Hungary has committed to support Vietnam’s economic and social development by offering tied aid and cooperation in tourism, vocational training and family support.

Hungary has committed to support Vietnam’s economic and social development by offering tied aid and cooperation in tourism, vocational training and family support.

Katalin Novák, state secretary in charge of family and youth affairs at the human resources ministry, made the announcement during an official visit to Vietnam to coincide with the 70th anniversary of the two countries establishing diplomatic relations.

According to MTI, Novák and the Hungarian delegation met the deputy speaker of the national assembly, the ruling party’s foreign affairs official and the minister of labor, invalids and social affairs.

Vietnam, with sustained economic growth of around 7 percent, is putting resources into social development and successfully fighting poverty. Hungary has been helping Vietnam with tied aid credit. It has built on oncology clinic in Vietnam and helped set up of a demographic registry system.

Novák said officials in Vietnam have expressed interest in Hungary’s methods for placing families in the focus of social and economic policies. Cooperation in labor market and vocational training are also important to Hanoi.

The state secretary also revealed that Hungary is offering state scholarships to 200 Vietnamese students in higher education. The Hungarian embassy in Hanoi is organizing various cultural events to mark the 70th anniversary of establishing diplomatic relations this year and a Hungarian Cultural and Community Center will open in the near future.

Novák said the volume of trade has been steadily growing between the two countries. The talks in Vietnam also addressed the issue of demographic projections. Whereas Hungary and Europe are affected by demographic decline, this is expected to affect Vietnam in the future, she added.

Photo credit: pestibulvar.hu