Total import-export revenue between Vietnam and Czech Republic was up 16 per cent in 2018 compared to 2017. Two-way trade revenue between the two countries expanded at 10 per cent over recent years.

The Czech Republic is currently a large trading partner of Vietnam in Eastern Europe. Import-export revenue between the two countries has always maintained growth despite economic difficulties in the EU over the past few years. In the first quarter of 2019, total import-export revenue between Vietnam and Czech was down 12 per cent. Of which, Vietnam’s exports to Czech was up 2.4 per cent while Czech’s exports to Vietnam were down 27.6 per cent.

Vietnam’s exports to the Czech Republic include footwear, apparel, seafood, consumer goods, computers and parts, mobile phones, and others. The two sides wish to continue to strengthen diplomatic and economic cooperation for the mutual benefit of both countries. The Czech Republic has put Vietnam on the list of 12 key markets given priority in foreign trade under the Czech international trade strategy for 2012-2020. Vietnam is the only representative from Asean named on the list. One way Vietnamese enterprises hope to promote exports to the Czech Republic is by participating in supply chains of large retail systems in the host country in addition to boosting direct sales to importers and distributors.