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Sep 26, 2017

PM Orbán: The focus of the global economy is moving easterly and is gaining in strength

The prime minister was speaking at a Vietnamese-Hungarian business forum in Hanoi, and highlighted that the West "will not be blowing the trade winds in the upcoming decades”

Prime Minister Viktor Orbán has said the West must accept that the focus of the global economy is moving easterly and is gaining in strength.

The prime minister made the remarks during a Vietnamese-Hungarian business forum in Hanoi yesterday, and highlighted that the West "will not be blowing the trade winds in the upcoming decades”.

“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 said.

PM Orbán said that if companies operating out of countries like Vietnam 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”.

During his speech, the prime minister talked about Hungarian-Vietnamese relations, the health industry, IT, transport management, the establishment of a population registration system, the water industry and agriculture (and especially food safety), as areas recommended for economic cooperation between the two nations.