Embassies seek investment from Germany
Vietnam has great demand for capital and technology from European nations, Vietnam’s Ambassador to Germany, Đoan Xuan Hung, has said at an recent investment conference in Frankfurt.
Vietnam will create advantageous conditions for German companies looking to invest and do business in Vietnam, he said.
The conference was co-organised by the Vietnamese, Malaysian and Thai embassies to discuss the investment environment of the Association of Southeast Asian Nations (ASEAN), especially changes in this environment following the establishment of the ASEAN Economic Community.
Participants said that ASEAN nations wanted to bridge development gaps inside the bloc, to create an investment environment that would help European investors.
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Hưng said Vietnam was completing its legal framework and simplifying administrative procedures to speed up international integration.
He noted that with trade deals such as the Trans-Pacific Partnership and the European–Vietnam Free Trade Agreement, Vietnam had significant competitive advantages.
According to Trade Counsellor Nguyen Huu Trang, there were around 100,000 Vietnamese people speaking German in Vietnam, and about 125,000 Vietnamese people in Germany. This was “a precious resource” for boosting bilateral trade and investment relations, he said.
He praised the contributions of German businesses such as Mercedes Benz, Siemens and Bosch to Vietnam’s economy over the past years.
The Vietnamese embassy in Germany plans to hold a seminar hosting business people from the two countries in late June, seeking measures to enhance the efficiency of bilateral economic co-operation in the future.
