Good prospects for exports to Czech Republic

Economic and trade ties between Vietnam and the Czech Republic (CZE) have made remarkable progress in recent years, with the latter becoming a major trade partner of Vietnam in Eastern Europe.


good prospects for exports to czech republic hinh 0
Garment and textile are among Vietnam's key exports to the Czech Republic. (Photo: VNA)

According to Ta Hoang Linh, director of the Europe-America market department under the Ministry of Industry and Trade, bilateral trade between Vietnam and CZE has been growing at 10 percent a year over several past years. The growth accelerated to about 16 percent in 2018, bringing two-way trade value to 298 million USD.

Of the figure, Vietnam’s exports to the CZE increased by 3.3 percent to nearly 156.5 million USD, while its imports from the CZE surged 32 percent year on year to nearly 141.6 million USD. 

However, in the first quarter of 2019, two-way trade dropped by 12 percent year on year to over 64.6 million USD, due to a 27.6 percent decrease in imports from the CZE. Vietnam shipped to the CZE over 35.76 million USD worth of products in the period, up 2.4 percent, and imported over 26.87 million USD.

Nguyen Khanh Ngoc, deputy director of the Europe-America market department, said Vietnam’s exports to the CZE are mainly footwear, garment, seafood, consumer goods, computers and parts, mobile phones, and some types of equipment and machinery parts. 

 The country’s typical farm produce such as fruit, rice, tea, rubber, pepper and cashew nut still account for a small share in the Czech market, due to time-consuming import procedures, fast changes in demand and prices, Ngoc said, adding that another problem is the quality of products. 

Meanwhile, Vietnam buys from the CZE various kinds of machinery and parts, electronic components, chemicals, medicine, garment accessories, glass and crystal goods, and milk and dairy products.

 At the 6th meeting of the Vietnam-CZE Inter-governmental Committee in Hanoi last year, the two sides affirmed their intention to strengthen diplomatic relations and develop economic, trade and investment ties for mutual interest. 

Also at the meeting, the two sides set up a working group on cooperation on mineral mining and processing and energy. 

It is noteworthy that the CZE listed Vietnam among its 12 key markets in foreign trade during 2012-2020, the only ASEAN country in the list. 

The CZE is pursuing a market opening policy and promoting trade liberalization and market opening, which is expected to facilitate Vietnam’s export to the country. 

Besides, the EU-Vietnam Free Trade Agreement, once it is approved, is sure to give a boon to Vietnam’s export to the CZE. 

At the same time, Vietnam’s goods will face competition in the Czech market, trade officials said, recommending that Vietnamese exporters should try to enter the supply chains of big retail systems in the CZE.

VNA

Other News

Vietnam accelerates innovation to boost growth, competitiveness

Vietnam accelerates innovation to boost growth, competitiveness

By 2030, Vietnam aims to rank among the world’s top 40 in the GII; raise total social investment in R&D to at least 2% of GDP, with non-State funding accounting for over 60%; increase international scientific publications by an average of 10% annually; and raise the number of patent applications and granted patents by an average of 16-18% annually.

Vietnam sees high growth prospects

Vietnam sees high growth prospects

Experts from the Institute of Vietnam and World Economy under the Vietnam Academy of Social Sciences noted the quality of recent growth as the high growth rate has been recorded against an increasingly higher comparative base.

Vietnam seeks bigger share of global Halal market

Vietnam seeks bigger share of global Halal market

Vietnam's Halal exports remain modest at around 900 million USD a year, accounting for less than 1% of the global market. Most exports are still raw agricultural and seafood products. Only around 1,000–1,300 Vietnamese businesses obtained or maintained Halal certification during 2024–2026.

Hanoi sets up inter-agency mechanism to operate carbon market

Hanoi sets up inter-agency mechanism to operate carbon market

Under a decision of the municipal People’s Committee on establishing an inter-agency working group, departments and agencies are responsible for identifying facilities subject to greenhouse gas inventories, developing emissions-reduction plans and studying projects capable of generating carbon credits.

Shrimp exports reach 3.3 billion USD in eight months

Shrimp exports reach 3.3 billion USD in eight months

According to data from the Vietnam Customs cited by the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports reached 478.5 million USD in August, up 4.2% from the same month last year. The eight-month total stood at 3.3 billion USD, representing a year-on-year increase of 12%.

Russian investors explore opportunities in Vietnam's real estate market

Russian investors explore opportunities in Vietnam's real estate market

Vietnam is seen as a potential market, with considerable room for growth in real estate, particularly commercial property, compared with some regional markets. Strong Vietnam-Russia ties and opportunities to establish foreign-invested enterprises are also considered favourable for Russian investors.

Phu Quoc airport planning adjusted to serve APEC 2027

Phu Quoc airport planning adjusted to serve APEC 2027

For 2021-2030, the Civil Aviation Authority of Vietnam proposed bringing forward the investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, in order to connect with the aircraft maintenance and repair facility (hangar) planned for the northern area of ​​the airport.

Policy, infrastructure emerge as new advantages in FDI attraction

Policy, infrastructure emerge as new advantages in FDI attraction

From policy and infrastructure to industrial real estate, Vietnam’s FDI advantages are broadening towards a more integrated production ecosystem, offering investors a stronger combination of conditions for high-value, technology-intensive and long-term projects.

Logistics upgrade vital to 1-trillion-USD trade target: experts

Logistics upgrade vital to 1-trillion-USD trade target: experts

As trade expands, systemic bottlenecks across transport networks, warehousing, ports, border gates, and industrial zones are becoming more apparent. Experts emphasise the need to shift from a fragmented, project-by-project approach toward strategic management structured around trade corridors and integrated supply chains.

Ample room for Vietnam, US to deepen cooperation

Ample room for Vietnam, US to deepen cooperation

Do Ngoc Hung, Trade Counsellor and head of the Vietnam Trade Office in the US, said what stands out is not only the growth in trade volume but also the increasingly deep economic ties between the two countries.

Flexible fiscal policy helps drive economic growth

Flexible fiscal policy helps drive economic growth

According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at 2.02 quadrillion VND (77.7 billion USD), equivalent to 80% of the annual estimate and up 16% year-on-year. Domestic revenue reached 1.75 quadrillion VND, accounting for 86.6% of total revenue and rising 16.6%.

Electronic components are produced at a factory in Hanoi. (Photo: VNA)

Hanoi's imports surge 41% in first eight months of 2026

Hanoi aims to achieve average annual export growth of at least 12% during 2026-30, with the city seeking to diversify export markets, boost high-tech and value-added products and reduce reliance on traditional markets.