PM Pham Minh Chinh says Vietnam is committed to creating favorable conditions for all investors.

PM Chinh and his Hungarian counterpart Viktor Orbán on Friday attended a Vietnam-Hungary business forum in Budapest as part of the former’s official visit to the European country.

PM Chinh said after nearly 40 years of renovation, Vietnam has transformed from an impoverished, war-torn country into one of the world's top 40 economies by Gross Domestic Product (GDP) and is currently among the top 20 economies in terms of trade and foreign direct investment attraction.

Despite challenges in the world last year, Vietnam sustained its macroeconomic stability, controlled inflation, and achieved a GDP growth rate of 5.05%.

“The Government of Vietnam is committed to protecting the legal rights and legitimate interests of all investors, creating favorable conditions, and ensuring political stability and social order for investors. I call on investors and businesses from Hungary and Vietnam to contribute to building, strengthening, and developing the good relationship between the two countries which has grown over the past 75 years,” he said.

Hungarian PM Orbán  said that Hungary supports the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA). He suggested establishing a direct air route  between Vietnam and Hungary.