Ample room for Vietnam – Germany business links
VOV.VN - There remains great potential to build stronger ties between Vietnamese and German businesses, especially in the field of renewable energy and vocational training, heard an economic and trade promotion conference held in Berlin on October 5.
Addressing the event, Dr. Volker Treier, chief executive of Foreign Trade at the Association of German Chambers of Industry and Commerce (DIHK), emphasized that economic and trade ties between Germany and Vietnam have yielded positive results over recent years, especially following the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA).
German businesses have created about 50,000 jobs in Vietnam, with this trend set to continue in the future.
Dr. Treier pointed out a number of potential areas of cooperation, such as renewable energy and vocational training, saying vocational training has not only attracted workers from Vietnam, but has also helped to ensure a skilled workforce that is in short supply in Germany.
For his part, Vietnamese Ambassador to Germany Vu Quang Minh noted that the strategic and trustworthy partnership between the two countries over the past 12 years has witnessed plenty of positive developments in multiple fields.
Most notably, he said German businesses operating in Vietnam also have the opportunity to reach out to partners in the region through many regional cooperation frameworks that Vietnam has signed.
With these existing advantages, the Vietnamese diplomat expressed hope that businesses of the two countries can utilise opportunities to further strengthen bilateral ties, while suggesting that both sides sign a framework agreement on labour cooperation in the near future.
Vu Ba Phu, director of the Vietnam Trade Promotion Agency (Vietrade), stressed that Germany is Vietnam’s largest trading partner in Europe, accounting for nearly 20% of Vietnamese exports to the EU.
Germany is also an important transit gateway for the country’s exports to other markets throughout Europe.
He said Vietrade is always ready to coordinate with German authorities to implement solutions aimed at supporting businesses from both sides in strengthening connectivity and seeking partners.
At the event, Phu also proposed a number of specific measures which seek to improve the efficiency of trade promotion and investment activities of the two sides.
