Hanoi (VNA) – The Ahead Indochina of Hungary inaugurated its representative office in Hanoi on March 29, marking a new milestone in the trade ties between the southern central European country and Vietnam .

“The Ahead Indochina representative office will help boost the two countries’ trade as it still remains very modest,” said Hungarian Ambassador to Vietnam Laslo Vizi.

The Ambassador went on to note that Hungary and Vietnam , with their traditional ties, are in favourable conditions to further elevate their relationships, especially in economy and trade.

Two-way trade between Vietnam and Hungary stood at 53.4 million USD in 2006 and rose close to 84 million USD in 2007.

The Ahead Indochina was formed by leading Hungarian businesses, who have set the target of fortifying economic and cultural ties between their country with Vietnam and later with Laos and Cambodia .

Vietnam Ahead Indochina Executive Director Istvan Lenart said the office will provide consultancy service for Hungarian investors who want to come to the Southeast Asian country.

Such service covers the fields of information technology, urban development, tourism, education, economy, agriculture, environmental protection, ODA projects and aid programmes, he unveiled.

Ahead Indochina will partner Ahead Vietnam JSC at activities in Vietnam.