Saturday, August 19, 2017 - 14:23:26

PM calls for more investment from German businesses

VNA Print

PM Nguyen Xuan Phuc (R) and German Foreign Minister Frank-Walter Steinmeier (Source: VNA)

Hanoi (VNA)
– Prime Minister Nguyen Xuan Phuc said Vietnam wants German investors to invest more in the country, particularly in the sectors of Germany’s strength, such as hi-tech manufacturing, renewable energy, infrastructure, and logistics.

The PM made the statement during his reception for visiting German Foreign Minister Frank-Walter Steinmeier in Hanoi on October 31.

Germany has continuously been one of the most important partners of Vietnam in Europe, Phuc said, hoping for the further development of the two countries’ friendship and cooperation.

He expressed his delight at the strong development of the Vietnam - Germany strategic partnership in many areas, particularly in politics, economics, education-training, science –technology and justice.

He suggested the two nations increase delegation exchanges and contacts at levels, support each other at multilateral forums, thus contributing to building political trust and creating impetus for cooperation.

The Government of Vietnam is taking numerous measures to facilitate foreign investors, including those from Germany, Phuc said.

He thanked the Government of Germany for maintaining ODA provision for Vietnam, saying that Vietnam wants to continue working closely with the European country in implementing effectively the cooperation projects and realising the Millennium Development and Sustainable Development Goals of the United Nations.

The PM stated that the Vietnamese Government backs the two countries’ efforts in enhancing their affiliation in education-training through the construction and development of Vietnam-Germany University, vocational training, cooperation between their universities and research institutes and German language teaching in Vietnam.

For his part, Minister Frank-Walter Steinmeier said 300 German businesses are operating in Vietnam, noting that Germany is encouraging more firms to invest in the country as the number remains modest.

The guest said during his visit to Vietnam, he is due to attend the roofing ceremony of German House in Ho Chi Minh City which is expected to help increase Germany’s presence in the country.

The minister shared the view that it’s time for the two countries to set up a joint chamber of commerce and industry.

The German Government will maintain its official development assistance (ODA) to Vietnam, especially in vocational training and environmental protection, he said.

He voiced his hope that there will be more Vietnamese knowing German language.

German businesses have paid due heed to the Metro Line No. 2 in Ho Chi Minh City and stand ready to join hands in the construction, he said, saying he hopes that the German Development Bank (KfW) will promptly seek solutions to arranging capital for the project.-VNA
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