WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
EVFTA to take Vietnam – Germany cooperation to next level: Ambassador
Hai Yen 09:59, 2019/11/02
Vietnam’s Prime Minister Nguyen Xuan Phuc suggested Vietnam and Germany soon set up a strategic action plan for the 2019 – 2021 period.

Germany fully supports the EU- Vietnam Free Trade Agreement (EVFTA) and believes the deal would take bilateral cooperation to a new height, according to German Ambassador to Vietnam Guido Hildner.

 Prime Minister Nguyen Xuan Phuc and German Ambassador to Vietnam Guido Hildner. Source: VGP. 

Germany considers Vietnam a strategic partner and expects closer ties between the two countries, Hildner said at a meeting with Prime Minister Nguyen Xuan Phuc on October 31.

Hildner tipped that four German delegations this week had visited Vietnam to deepen cooperation in the fields of economy, science, and environment. He proposed the two countries focus in climate, environment, energy and vocational training.

According to Hildner, Germany supports peace, freedom and safe of navigation in the South China Sea based on international law.

Hildner expected more cooperation between the two countries in 2020 as both will hold the position of non-permanent members of the UN Security Council; Vietnam will take over the ASEAN chairmanship and Germany the rotating six-month presidency of the EU in the second half of 2020.

Vietnam’s PM Phuc suggested Vietnam and Germany soon set up a strategic action plan for the 2019 – 2021 period, while closely cooperating in organizing a series of events celebrating 45th anniversary of the establishment of diplomatic relations by 2020.

Phuc expected Germany to facilitate the approval of EVFTA and the EU – Vietnam Investment Protection Agreement (EVIPA) at the European Commission, ensuring the soon enactment of these agreements.

On this occasion, Phuc thanked the German government and the EU for voicing their strong support for settling territorial disputes in the South China Sea through peaceful measures and based on international law, particularly the 1982 UN Convention on Law of the Sea (UNCLOS).

Germany has been Vietnam’s top trading partner in the EU with bilateral trade turnover of US$10.8 billion in 2018.

However, German investment inflow to Vietnam remains modest at nearly US$2 billion to date, ranking fourth among EU countries, Phuc said.

Phuc requested the German Ambassador to support the implementation of major projects between the two countries and promote stronger investment from Germany to Vietnam.

RELATED NEWS
TAG: EVFTA Vietnam Germany territorial disputes cooperation South China Sea UNCLOS
Other news
21:14, 2024/10/31
Vietnam, Brazil: Building bridges through shared history and new partnerships
Vietnam and Brazil are forging a future of mutual development, bridging continents through their shared history and new partnerships.
16:54, 2024/10/29
Hanoi to attract tourists by showcasing local specialties at wholesale markets
Hanoi aims to enhance supervision of food safety and traceability, along with promoting cashless transactions.
16:28, 2024/10/27
National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
This year's event will focus on celebrating and raising the status of Vietnamese products, according to the Ministry of Industry and Trade.
18:39, 2024/10/21
Vietnamese goods in rising demand among Hanoi residents
The domestic market, estimated to be worth US$180 billion and projected to grow to US$350 billion by 2025, presents an opportunity for Vietnamese goods to gain a foothold domestically.
06:23, 2024/09/27
Hanoi unveils 2024 rural industrial plans
Hanoi is expected to organize 60 major trade promotion events this year, including one-sixth abroad.
06:17, 2024/09/27
Hanoi advances supporting industries for hi-tech services
The global commercial aviation market is expected to grow at an annual rate of about 5%, with Vietnam ranking 5th globally and 1st in Southeast Asia in aviation market growth.