Ho Chi Minh City and the German State of Bavaria have many potentials to further promote bilateral economic cooperation, especially in the fields of transport, environment and human resources training.

This issue was raised at a meeting between Standing Vice Chairman of the municipal People’s Committee, Nguyen Thanh Tai and Bavarian State Minister of Economic Affairs, Infrastructure, Transport and Technology, Katja Hessel in HCM City on July 6.

Tai said that the HCM City wants to learn Bavarian State’s experience in economic development and solving existing problems such as traffic jam, flood, environmental pollution, shortage of high-quality human resources and restructuring of management apparatus to match the city’s development.

He added that with the best environment to attract foreign investment for the socio-economic development, the city is willing to create the most favourable conditions for German and Bavarian businesses to invest as well as transfer their experience and technologies.

Katja Hessel said that Bavarian businesses could cooperate with HCM City in dealing with environmental pollution, developing transport infrastructure and training human resources.

She also said Bavaria highly valued cooperative ties with Vietnam and Ho Chi Minh City in particular.

Last year, two-way trade between Vietnam and Bavaria reached 538.7 million EUR.

Hessel is leading a 24-member delegation, including representatives of 18 businesses from Bangarian State to HCM City to study its investment environment, as part of their visit to Vietnam from July 5-10./.