(VOVworld)- Vietnam has urged Hungarian businesses to invest in the Vietnam’s industrial and logistics sectors. Addressing the Vietnam-Hungary business forum in Hanoi on Thursday, the Deputy Director of Trade Promotion Department at the the Ministry of Industry and Trade Do Kim Lang said that the signing of the Vietnam-EU Free Trade Agreement would create a cooperative environment between Vietnam and EU member countries. Mr. Lang said that with its developed industrial base, Hungary could help Vietnam to renovate equipment and create added value for export products. Vietnam also wants Hungarian businesses to invest in services, logistics, forwarding and health care sectors. According to statistics from the Ministry of Industry and Trade, two-way trade between Vietnam and Hungary reached 174 million USD last year. Vietnam’s major export items to Hungary include foodstuffs and telecommunications. Hungary now has 13 projects in Vietnam involving agriculture, medicines, and medical equipment.