Illustrative image (Source: VNA) Berlin (VNA) – A virtual conference on trade and investmentpromotion between Vietnamese and German enterprises was held on October 15.
Speaking at the event, jointly held by the Trade Office atthe Vietnamese Embassy in Germany and the Ministry of Industry and Trade’sTrade Promotion Agency, Vietnamese Ambassador Nguyen Minh Vu stressed thebilateral cooperation has been expanded in many fields and seen remarkable achievements,especially after the two countries upgraded their ties to the strategicpartnership level in 2011.
Germany has been one of Vietnam’s most economic partners inthe European Union for years, with two-way trade hitting 14 billion EUR (16.39billion USD) in 2019 – a fourfold increase compared with that of 2009.
Germany is one among four EU nations investing most inVietnam with 361 valid FDI projects.
Meanwhile, Vietnam is among Germany’s three biggest economicpartners in ASEAN, Vu stated.
He stressed that the EU-Vietnam Free Trade Agreement, whichhas become effective, and the pending EU-Vietnam Investment ProtectionAgreement will open up brighter prospects for economic collaboration betweenthe two countries.
The diplomat expressed his hope that through the conference,participating enterprises will build up substantial and win-win cooperation tobring into full play opportunities brought about by the bilateral relations.
Director of the Trade Promotion Agency Vu Ba Phu affirmedthat his agency always supports efforts to boost Vietnam-Germany tradecooperation, and well do its role as a bridge connecting the two countries’businesses.
Participating enterprises from both sides share experiencein opportunities and challenges brought about by the EVFTA./.
VNA
