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Vietnamese economic delegation’s visit to IFAT

On 28th August 2018, the Institute for Foreign Affairs and Trade (IFAT) hosted a visit by the delegation from the Vietnam Institute of Economics, to discuss the prospects for global trade as well as long-term trends of international economics.

The Vietnamese delegation was led by Associate Professor Dr. Tran Dinh Thien, a member of the National Financial and Monetary Policy Advisory Council, whereas the team from IFAT was headed by Mr. Sándor Gyula Nagy PhD, Deputy Director for Strategy, along with Mr. László Vasa PhD, chief advisor. The meeting covered three general themes: (1) the parallels between Vietnam and Hungary in terms of economic development and trade balances during times of political transition; (2) the outlook for global trade in an era of protectionism; as well as (3) the long-term impact of the fourth industrial revolution, e.g. robotics, automation and artificial intelligence. During the course of the discussion, geopolitical issues such as the impact of the rise of China were also debated.