Minden Címke 322

NUPS hosts a Hungarian-Vietnamese Investment Conference

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Legal, administrative and political questions - these were, among others, the topics of the Hungarian-Vietnamese conference hosted in the Zrínyi Hall of the Ludovika Main building.

Dr. Judit Nagy, Vice-Rector for International Affairs at NUPS highlighted that it was an honour for the University to organize the Hungarian-Vietnamese Investment professional Conference during which the participants discussed and analyzed administrative and political matters. The Conference welcomed guests from five renowned institutions. She added that, beside highlighting professional issues and facilitating international knowledge transfer, the event was also significant for the reason that NUPS endeavors to sign a partnership agreement with two Vietnamese universities with the aim of promoting education, research and mobility.

Prof. Dr. András Patyi, being the host of the event expressed: “I’m pleased to see that NUPS gave place to this high level conference”. The Rector emphasized that knowing Vietnam and cooperating with it is a fundamental task for each country and EU member states as Vietnam is one of the most dynamically developping countries in Southeast Asia. He added that mutual recognition and good experience shall be the basis of a future friendship.

On behalf of the Ministry of Justice Krisztián Kecsmár welcomed the guests. The Minister of State for European and International Judicial Cooperation said that the two countries have a traditionally well managed bilateral relationship: a bilateral investment treaty and an agreement to avoid double taxation are in place. The Secretary of State also described the role of arbitral tribunals and ordinary courts.   As he said, Vietnam, as well as Hungary, is part of the 1958 UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which ensures cross-border enforcement of arbitration decisions. The Secretary of State informed the participants that a new Hungarian Arbitration Act was adopted in 2017, which places its organizational framework on new foundations. In Hungary, the review of the bilateral contract has been planned for years. Referring to this initiative, Krisztián Kecsmár announced that Vietnam is going to be the first country with whom the Hungarian state will start the negotiations.

Le Tien Chau, Rector of the Hanoi University and Deputy Minister of Justice reflected on the history of Hungarian-Vietnamese diplomatic relations: Progress has been made between the two countries by facilitating high-level delegation exchanges in the past ten years and also by signing fifteen agreements between the two parties. He stated that the Vietnamese Government has put great emphasis on cooperation with Hungary and they intend to invite more Hungarian investors to Vietnam. They beleive that this conference was a great platform for higher education professionals to share their experiences and knowledge in the given areas.

From the University of Szeged Prof. Dr. Attila Badó, professor at the Faculty of Law and Political Sciences has welcomed the participants on behalf of the university’s Rector. The Head of the Institute of Comparetive Law at Szeged said that it was challenging to organize the event given the fact that it required the cooperation of four universities and two ministries but because of the importance of the topics, they wanted to make it happen.

During the conference, the following topics among others were on the agenda: importance of free trade agreements, standards and values; past and present factors affecting the Vietnamese jurisdiction and regulations; the economic strategy of the Vietnamese government; the legal and economic environment of domestic investments; the European common markets and international trade and investment agreements.

The project was funded by PADOP-2.1.2.-CCHOP-15-2016-00001 - priority project titled „ Public Service Development Establishing Good Governance”.

For more details, see the July issue of Bonum Publicum.