Czech media sees bright outlook for economic ties with Vietnam

In an article published on April 10, the Czech Republic’s largest left-wing newspaper said the recent upgrade of bilateral ties to a Strategic Partnership, agreed upon during Prime Minister Pham Minh Chinh’s visit to the European country in January this year, shows Vietnam attaches importance to the relations with the Czech Republic and hopes for more Czech investments.

Despite adverse developments around the world in 2024, it noted, Vietnam obtained substantial economic, social, and diplomatic successes. Its economy recovered considerably to grow by over 7%—more than double the global average. The robust recovery last year provided a solid stepping stone for growth this year as the GDP growth target is set as high as over 8%, a dream figure for many countries, according to Nasepravda.

The Czech media sees bright outlook for economic ties with Vietnam (Photo: VNA/screenshot)

In a year full of changes worldwide, Vietnam not only sustained admiring economic expansion but, under the leadership of the Communist Party of Vietnam, also promoted its stature in the region and the world.

The paper noted Vietnam’s dynamic foreign policy, with 21 overseas visits by its leaders and 25 delegations of foreign leaders hosted last year, which also reflected other countries' respect for Vietnam's values and geo-strategic position, as well as their wish to further intensify relations with Vietnam.

The editorial highlighted the economic complementarities between Vietnam and the Czech Republic as pointed out at a recent business forum. PM Chinh welcomed investments by Sev.en Global Investments and Skoda Auto, and urged further cooperation in green and energy infrastructure, emerging sectors, science - technology, innovation, and digital transformation.

It cited the Vietnamese government leader as reaffirming Vietnam’s advocacy of the EU – Vietnam Investment Protection Agreement (EVIPA) to boost Czech investment in Vietnam to 2–3 billion USD over the next five years.

The article perceived that the good diplomatic beginnings in 2025 promise large economic benefits for businesses of both countries.

Nasepravda added 2025 will mark key anniversaries for Vietnam, including 75 years of the diplomatic ties with the Czech Republic and Eastern European countries, the 50th anniversary of national reunification, and the 80th National Day. It also highlighted the country's determination to promote administrative reform, enhance stability and peace, and prepare for the 14th National Party Congress, slated for early 2026.

As part of its tourism promotion, Vietnam has offered short-term visa exemptions to Czech citizens. The initiative is expected to lure more Czech travellers to explore the Southeast Asian country, according to the writing.