The economic situation of both Vietnam and Hungary are recovering strongly after difficulties from the Covid pandemic. Official visits between the governments of the two countries have further enhanced the opportunities for comprehensive development, including economic development. With strengths and development orientations, the two countries have potential for cooperation in fields such as industrial development, electronics, healthcare, energy, high-tech agricultural development and agro-processing industry. The Hungarian Ministry of Foreign Affairs and Economic External Relations emphasized: “The Hungarian business community wishes to promote trade cooperation with Vietnam”.