German delegation assesses investment environment
(VOV) - A delegation of German businessmen arrived in Vietnam on October 12 for a visit to assess the country’s investment environment, according to Vietnam’s Foreign Ministry.
The delegation, which includes executives whose companies are looking to invest in Vietnam, or are already doing business in the country, will conduct a five-day evaluation, visiting German subsidiaries in Hanoi and other parts of the country.
The German Industry and Commerce (GIC) is to hold a forum to provide domestic businesses a chance to meet with and discuss cooperation opportunities directly with members of the delegation.
Last year’s bilateral trade between the two nations hit 8 billion Euro and posted an average growth rate of 15-20% over the past five years.
According to a spokesperson for the GIC, Germany is a strategic and key partner of Vietnam. At present, there are around 300 businesses operating and/or investing in Vietnam.