Vietnam treasures economic relations with Germany

Update: 11:07 | 24/12/2018
The minister made the statement at the meeting with German Ambassador to Vietnam Christian Berger in Ha Noi.
TIN LIÊN QUAN
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At the meeting with German Ambassador to Vietnam Christian Berger, Minister Mai Tien Dung affirmed Vietnam’s support to Germany’s businesses investing in the country, mainly in infrastructure, renewable energy, transportation and sea ports, supporting industries, and environment. 

The ambassador asked Minister Dung to clear hurdles for a number of projects being carried out by German companies.

Currently, nearly 300 German companies are operating in Vietnam, including big corporations namely Siemens, Mercedes-Benz, Bosch, B.Braun, Metro, Deutsche Bank, Bayer, and BASF.

vietnam treasures economic relations with germany
Minister Mai Tien Dung meets with German Ambassador to Vietnam Christian Berger. (Photo: VGP)

According to Wolfgang Manig, deputy German ambassador in Hanoi, up to 75% of Germany’s businesses want to expand investment in Vietnam. 

Germany is Vietnam’s most important partner in the European Union (EU), receiving one third of Vietnamese exports to the EU annually. Vietnam’s main staples to Germany include mobile phones and electronic devices, garment and textile products, shoes, coffee, and seafood while the imports from Germany are machines and spare parts, medicine, and chemicals. 

Wolfgang Manig said Germany considers Vietnam a “gate” to the Association of Southeast Asian Nations (ASEAN) and a number of German firms in China and Indonesia are seeking to join the Vietnamese market.  

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(Source: Hanoi Times)