President hails Vietnam-Germany economic cooperation potential
09:17, 2015/11/28
Vietnam and Germany hold enormous potential and opportunities to embrace bilateral economic cooperation, particularly in the fields of infrastructure, high technology, processing, energy and environment.
President Truong Tan Sang was speaking at a business forum in Frankfurt – the largest city in German state of Hessen on November 26 with the engagement of over 30 Vietnamese businesses and nearly a hundred of German firms.
The President said Vietnam hopes to further deepen the strategic partnership between the two countries across the fields, particularly in the economic domain.
For years, Germany has been a major trade partner of Vietnam in the EU, comprising of nearly 20 percent of the country’s exports to the union, he said, raising the fact that German firms, encompassing leading ones, have registered a total investment capital of about 1.4 billion USD in Vietnam.
Additionally, the 125,000-strong Vietnamese community in Germany along with some 100,000 Vietnamese speaking German in Vietnam is the solid foundation for the two nations to drive their economic, cultural, and social affiliation forward, he noted.
President Truong Tan Sang also highlighted the significant achievements that Vietnam has gained over 30 years of “doi moi” (reform) and confirmed the Vietnamese Government will further improve the investment climate to enable foreign investors, including those from Germany, to do long-term business in Vietnam.
Particularly, the upcoming establishment of the ASEAN Community along with the conclusion of negations of the Vietnam-EU Free Trade Agreement (VEFTA) and the Trans-Pacific Partnership (TPP) agreement will open up new opportunities for foreign investors and improve Vietnam’s business climate and competitive edge in the region, he said.
Businesses of the two countries are expected to grasp such brilliant opportunities and play a crucial role in propelling the bilateral economic cooperative ties forward, contributing actively to the development of the Vietnam-German strategic partnership, he added.
At the forum, German companies evaluated Vietnam as a young economy with abundant human resources and stable macroeconomic and socio-political situation.
Scores of German leading groups regarded Vietnam as one of the key markets in their investment strategies in Asia .
Businesses from the European country spoke of the Vietnamese Government’s efforts in improving businesses environment, including the implementation of the revised Law on Investment in addition to improving infrastructure, developing support industry, and increasing human resources training.
The same day, President Truong Tan Sang met with leaders of Germany’s leading groups such as Siemens, Messer, Braun, and Bombardier to promote their investment in Vietnam.
The President said Vietnam hopes to further deepen the strategic partnership between the two countries across the fields, particularly in the economic domain.
State President Truong Tan Sang makes a speech at the forum.
|
Additionally, the 125,000-strong Vietnamese community in Germany along with some 100,000 Vietnamese speaking German in Vietnam is the solid foundation for the two nations to drive their economic, cultural, and social affiliation forward, he noted.
President Truong Tan Sang also highlighted the significant achievements that Vietnam has gained over 30 years of “doi moi” (reform) and confirmed the Vietnamese Government will further improve the investment climate to enable foreign investors, including those from Germany, to do long-term business in Vietnam.
Particularly, the upcoming establishment of the ASEAN Community along with the conclusion of negations of the Vietnam-EU Free Trade Agreement (VEFTA) and the Trans-Pacific Partnership (TPP) agreement will open up new opportunities for foreign investors and improve Vietnam’s business climate and competitive edge in the region, he said.
Businesses of the two countries are expected to grasp such brilliant opportunities and play a crucial role in propelling the bilateral economic cooperative ties forward, contributing actively to the development of the Vietnam-German strategic partnership, he added.
At the forum, German companies evaluated Vietnam as a young economy with abundant human resources and stable macroeconomic and socio-political situation.
Scores of German leading groups regarded Vietnam as one of the key markets in their investment strategies in Asia .
Businesses from the European country spoke of the Vietnamese Government’s efforts in improving businesses environment, including the implementation of the revised Law on Investment in addition to improving infrastructure, developing support industry, and increasing human resources training.
The same day, President Truong Tan Sang met with leaders of Germany’s leading groups such as Siemens, Messer, Braun, and Bombardier to promote their investment in Vietnam.
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
- Foreign companies confirm investment expansion in Vietnam in 2025
- PM invites Skoda to manufacture electric vehicles in Vietnam
- US Berggruen Holdings to help Vietnam set up investment funds
- Vietnam releases Esports White Book 2022-2023
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses