German investors target Vietnamese market

Vietnam is an attractive market for German investors as more than 500 businesses from the European country are seeking Vietnamese garment and footwear suppliers.
Vietnam is an attractive market for German investors as more than 500businesses from the European country are seeking Vietnamese garment andfootwear suppliers.

On November 20, Germany’s TUV SUD Groupand the Ho Chi Minh City Union of Business Associations (HUBA) signed amemorandum of understanding on further collaboration in many fieldsincluding electronics, medical equipment and food industry.

TUVSUD, which specialises in quality testing, evaluation and certification,has supported Vietnam ’s garment sector in ensuring its high-qualityproduction and connecting local firms with those in the EU and the USin recent time.

Germany is also implementing the “GermanHouse” project in Ho Chi Minh City and a series of trade andinvestment promotion activities are scheduled for next year when the twocountries celebrate the 40 th anniversary of their diplomatic ties.

Alsoon November 20, Germany’s NurnbergMesse in collaboration with theGerman Industry and Commerce in Vietnam (GIC) and the Vietnam TradePromotion Agency (VTP) organised a press conference introducing the twocountries’ potential and trade promotion via global trade fairs.

Statistics from GIC show that, two-way trade between Vietnam andGermany reached 7.7 billion USD in 2013, up 18 percent compare to theprevious year. More than 300 German businesses have been licensed tooperate in Vietnam so far.

According to VTP, Vietnam ’sexports to Germany earned 4.7 billion USD in 2013 and 3.3 billionUSD in the first eight months of this year. The country’s staples in theGerman market are garments, footwear, coffee and seafood.-VNA

See more

Production at a small enterprise in Thanh Hoa province. Linkages will help small and medium sized enterprises diversify markets. (Photo: VNA)

Local businesses should strengthen links to overcome global challenges: Experts

Tran Thi Hong Minh, Director of the Institute for Policy and Strategy Studies under the Party Central Committee’s Commission for Policies and Strategies, said: "In a world of rapid and complex changes, linkages help businesses diversify markets, connect with new models and better use resources. They are also critical in mitigating risks and enhancing overall competitiveness.”

Nestlé Vietnam announces investment expansion in Vietnam operations (Photo: thanhnien.vn)

Nestlé announces investment expansion in Vietnam operations

Since 2011, Nestlé’s NESCAFÉ Plan has supported over 21,000 coffee farming households in adopting internationally recognised sustainable farming practices. These efforts have helped reduce water use by 40–60%, cut chemical fertiliser use by 20%, and increase farmers' incomes by 30–150% through crop diversification

Vietnam to diversify markets for agricultural products amid global trade shifts. (Photo: VNA)

Vietnam to diversify markets for agricultural products amid global trade shifts

According to the Ministry of Agriculture and Environment (MAE), Vietnam’s agricultural product exports are inevitably affected by disruptions in global supply chains and the imposition of unilateral, stringent tariff policies by major economies. Nonetheless, these challenges also present an opportunity for Vietnam to adjust its export strategy and focus more intently on emerging and high-potential markets.

Delegates commence the construction of AEON Hai Duong Shopping Centre in Hai Duong Province on April 19. (Photo courtesy of AEON Vietnam)

Construction of AEON Hai Duong Shopping Centre kicked off

With a total investment of around 1.18 trillion VND (45.6 million USD), the AEON Hai Duong Shopping Centre is designed with a total floor area of approximately 3.6 hectares. Spanning an estimated gross floor area (GFA) of roughly 38,100 sq.m, the shopping centre will feature ample parking space for nearly 600 cars and 1,200 motorcycles.

Hai Phong hosts a conference on green transition and sustainable development. (Photo: congluan)

Hai Phong’s green growth sees both progress and obstacles

As part of its 2024 green growth efforts, Hai Phong implemented initiatives across 17 sectors. These included building and refining legal and policy frameworks as well as strengthening state management in line with green growth objectives.