According to the Ministry of Industry and Trade, the centre in Prague is a joint effort by the associations of small and medium-sized Vietnam businesses in the Czech Republic and the association of Czech SMEs and retailers.
The first phase of the centre is going to feature eight showrooms for Vietnam businesses to showcase products such as seafood, vegetable, fruits, coffee, tea, and handicrafts.
Additional plans are to expand the centre with the aim of it becoming a representative of Vietnam in the Czech market in particular and Europe in general by 2017.
Vietnam earned US$94 million from its exports to Czech in the first seven months of this year. The figure included US$16 million in July alone, a year-on-year increase of 32.8%.
Vietnam has been recently named as one of 12 priority markets in Czech’s foreign trade policy in the 2011-2015 period.