German firms seek opportunities in Vietnam
German businesses are eager to find Vietnamese partners operating in the production of chemicals and additives.
The observation was made at a Germany-Vietnam business forum held by the Germany Chamber of Industry and Trade in Ho Chi Minh City on March 6.
Business executives discussed collaboration to expand their firms’ production, open representative offices and enlarge German businesses’ market share in Vietnam.
A representative from Touchtronic GmbH, specialising in high technology, said his enterprise wants to seek long-term partners in Vietnam to broaden their import of electronic products from the country. The European firm now provides German customers with all of its electronic equipment shipped from China.
Other German businesses at the forum mostly specialise in the spheres of investment consultancy, education and food processing.
The event is a good opportunity for local companies to establish new their joint ventures and access new sources of investment and useful information on the European market.
By the end of 2013, Germany, Vietnam’s 22nd largest investor, had more than 200 projects in the country, with a registered capitalisation of over US$1.1 billion.