German Companies Can Still Invest Heavily in Vietnam

Ample Room Remains for German Firms to Invest in Vietnam
President of the Viet Nam Union of Friendship Associations (VUFO) Phan Anh Son (third from right) and representatives of the German delegation at the meeting. Photo: VUFO

At a reception for a delegation of German businesses in Hanoi on September 29, Son pledged that the VUFO would support German firms to operate effectively in Vietnam.

The German side commended Vietnam’s dynamism and potential, saying the visit aims to explore the market and accelerate German investment there.

Earlier, the delegation had a working session with representatives from the Ministry of Industry and Trade, where Deputy Minister Nguyen Sinh Nhat Tan noted that Vietnam prioritizes the development of renewable, new, clean energy.

He emphasized investment opportunities for foreign investors, including those from Germany, in these fields.

Earlier, German news website NTV published an article highlighting the attractiveness of the Southeast Asian country to German businesses.

According to the article, Vietnam has long been famous for shoes, garments textiles, coffee, and pepper. The country is always ready to innovate and absorb new technologies, so it has a good reputation as an electronics manufacturing hub.

Meanwhile, “Made in Germany” goods and machinery are also very popular in Vietnam, along with automobiles and chemical products. Germany currently has about 350 companies with offices and facilities in the Southeast Asia country, it said.

Two-way trade turnover reached EUR18 billion (USD19.2 billion) last year, of which shipments from Vietnam accounted for EUR14.7 billion. Germany is currently Vietnam’s most important trade partner in the European Union (EU) while Vietnam is Germany’s largest partner in the Association of Southeast Asian Nations (ASEAN).

Ludwig Graf Westarp, the representative of the German Association for Small- and Medium-sized Businesses (BVMW) in Vietnam, said Vietnam is a country with many development opportunities and a very vibrant market. Over the recent years, the country has poured much capital into infrastructure, roads, ports, and airports. Vietnam is also expanding its renewable energy industry which requires not only experience but also technology from Germany.

Rosy Huong

The post German Companies Can Still Invest Heavily in Vietnam appeared first on Vietexplorer.com.

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Vietnamese participant finishes as first runner-up at Miss Eco Teen International

Besides receiving the recognition, she also won the title of “most favorite contestant”. Anna Hoang is originally from Hai Phong, but her parents moved to the UK in 2004. She was born in 2005 and at the age of nine, she was crowned as Little Miss Asia Pacific in 2018. As a young model, Anna has appeared in numerous fashion magazines and even walked the runway at London Fashion Week. In 2019, Hoang and her close friends established a fashion brand for children specializing in Ao Dai (traditional Vietnamese long dress). They also started a charity fund to support various charitable activities. Additionally, Anna has actively participated in various cultural exchange events between Vietnam and the UK. Anna was named the winner of the virtual Miss Eco Teen Vietnam 2023 pageant and subsequently represented Vietnam at Miss Eco Teen International. Miss Eco Teen International 2023 was ultimately won by Enhle Mdakane from South Africa, with the second, third, and fourth runners-up posi...
Đọc thêm

Vietnamese-born players make their mark at 2022 VBA

Hình ảnh
Dominique Tham (Nha Trang Dolphins) It would be no exaggeration to say that Dominique Tham is the biggest discovery of the 2022 VBA.  The born-in-1996 player is 1.95m tall and weighs 109kg. Dominique Tham’s great physique gave opposing defenders ‘nightmares.’ His ball-catching accuracy rate was 7.6 times per game in the 2022 VBA group stage, surpassing that of all other foreign players. He gained a high rebound score of 17.5 and 16.5 points in two games. His shot accuracy was 52 percent, making him the Vietnamese-born player scoring the highest points in the 2022 VBA group stage. Michael Soy (L) of the Danang Dragons is interviewed after a 2022 VBA game. Photo: VBA Michael Soy (Danang Dragons) At the 2022 VBA season, Michael Soy showed great progress.  The only Vietnamese-born player of the Danang Dragons, Michael Soy was sent out onto the court by coach Phan Thanh Canh for 463 out of 480 minutes of the season. Overcoming other excellent shooters, M...
Đọc thêm

Tour the Vietnam Literature Museum: A Journey through Literary History

Hình ảnh
The Vietnam Literature Museum, which opened to visitors on June 26, 2015, is a three-story museum covering an area of 3,000 square meters and built at a cost of almost VND 50 billion. It preserves many memories of famous writers and poets, making it a destination where visitors can learn more about the history of literature and the lives of influential writers. Students learn about the literary history of Vietnam. Photo: vietnamnet The first floor of the museum displays and introduces “Vietnamese literature in the Ancient – Middle Ages” from the 11th century to the end of the 19th century. It features a symbolic pen-shaped stone from the Hung Temple with meaningful words from the great poet Nguyen Du. The exhibition showcases artifacts of Vietnamese literature and the history of written characters on mediums such as paper, cloth, metal, and leaves. The second floor is dedicated to introducing figures of Vietnamese literary groups from the early 20th century, such as Phan...
Đọc thêm