[1] During the 1980s, at the height of Cambodian–Vietnamese War, Hungary adopted a neutral policy and remained distanced from the conflict.

After the Cold War and collapse of Soviet Union, both Hungary and Vietnam effectively gave up practicing communist ideology in favor of market capitalism, although Vietnam remains under the control of the Communist Party, while Hungary has transitioned back to capitalism.

[3] Vietnam considers Hungary an important economic and key partner in Central Europe, due to its diverse ties and rich history.

The two countries developed a strategic partnership in 2018, with the Hungarian prime minister referring to Vietnam as a success in the Far East.

In 2018, the Hungarian government officially recognized a pagoda that had recently been built by the Vietnamese community.