Stories in English

Vietnamese community in the Czech Republic and people in Vietnam with experience from Czechia are the basis of our successful relations

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"Czech and Vietnamese people know each other very well and have long cooperated successfully," says Thai Xuan Dung, Ambassador of Vietnam to the Czech Republic. Currently in Vietnam, there are over 200,000 people who have studied or worked in the Czech Republic. Some of them hold key roles in public administration or state enterprises. On top, there is a strong Vietnamese community of around 90,000 members in Czechia. In the interview for TRADE NEWS, we talked about how this specific factor translates into mutual business relations and what industries offer the best opportunities for Czech companies in Vietnam.

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On the future of Europe, here and now

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Without exaggeration, we live in a crucial era in which Europe is making key decisions that will affect the direction of European industry for many decades to come. This is something we are very aware of in the European Parliament. It’s a big topic that is discussed at meetings and taken into account in voting. The stakes are high, and one mistake or a small slip can spell the fate of the united continent.

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David Formánek: Our country is lucky to have great industry leaders

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While some mainstream media may be overly pessimistic about the Czech economy, there are some good news following from an independent survey by Komerční banka analysts. Although 2023 may well be another difficult year ahead of us, there is no reason for “dark scenarios”. Broadly speaking, our economy has overcome most obstacles so far. In Q3 and Q4 2022, we went through a very mild recession, and this year, we should see a slight recovery. We have weathered the energy crisis, while maintaining a high employment rate. We’ve talked about all this with David Formánek, Member of the KB Board of Directors responsible for corporate and investment banking. As Mr. Formánek emphasises, "The Czech economy was supported by foreign demand, as eventually there was no recession in the Eurozone countries. It also showed how viable and strong our companies and their leaders are, which is very encouraging."

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