German enterprises seek opportunities in HCM City
A delegation of more than 70 German enterprises operating in the automobile industry, manufacturing technology, communications, finance and insurance visited Ho Chi Minh City to seek investment opportunities in the southern hub.
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In a meeting with the city leaders on May 16, Chairman of the German Business Association Jens Ruebbert said that Vietnam is among leading destination for foreign investors, including German enterprises.
With advanced expertise and experience, German businesses hoped to seize investment opportunities in Vietnam, he said.
Chairman of the municipal People’s Committee Le Thanh Liem said that Vietnam-Germany relations have been consolidated in major fields like politics, economics, trade and education, emphasising Germany is an important partner of Vietnam.
Ho Chi Minh City wants to further cooperation with Germany in urban transport, healthcare and education, he added.
According to Vice Director of the municipal Department of Planning and Investment Le Thi Huynh Mai, the city’s socio-economic development plan for 2016-2017 was delivered to the German enterprises.
To help German businesses operate in the city, the Department also introduced measures to address difficulties for the businesses and improve the investment climate, including enhancing trade promotion and attracting investment in sectors that the city is focusing on.
Germany is a large partner of Vietnam in education and training as well as science and technology. German projects implemented in Vietnam include the Vietnam-German University, Phu Lac 1 wind power plant and Ho Chi Minh City’s metro line No.2.
