German investors and representatives of the German Chamber of Industry and Commerce (AHK) highly value the investment climate in Vietnam and the Vietnamese Government’s efforts in implementing open-door policies for foreign investors, a national newspaper has said.
Germany’s Der Spiegel quoted Evert Helms, General Director of the Pepperl & Fuchs (P&F) Vietnam Co., Ltd, a manufacturer of electronic equipment and components, as saying that he is pleased with the Vietnamese Government’s support to the company’s production activities. He highlighted the fact that its exports to Southeast Asian markets enjoy a tax exemption.
He voiced his hope that with 5,600 employees worldwide and an annual revenue of more than 500 million EUR, the P&F will certainly reach a double-digit growth in the Vietnamese market.
He spoke highly of Vietnam’s labour law with clear regulations that are similar to those prescribed by western countries, and advised small and medium-sized German enterprises to come to Vietnam if they intend to do business in the region.
Uwe Hutzler, General Director of the Saigon TanTec Leather Company said Vietnam’s foreign investment attraction policies and preferential tariffs are favourable to foreign investors, adding that its framework conditions are more stable and competitive that those of other regional countries.
The article quoted AHK Deputy Chief Representative in Vietnam Peter Kompalla as saying that Germany now has around 300 enterprises operating in Vietnam and tens of German firms are seeking Vietnamese partners.
Meanwhile, Chief Representative of German Bank for Reconstruction (KfW) in Hanoi Birgit Erbel emphasised the admirable achievements Vietnam has reaped.
In 1993, nearly 60 percent of the Southeast Asian country’s population was poor, but this rate has now dropped to below 12 percent, said Erbel. She added that the economy has recorded over 5 percent growth in many consecutive years and targets reaching 6.4 percent in 2018.-VNA
Germany’s Der Spiegel quoted Evert Helms, General Director of the Pepperl & Fuchs (P&F) Vietnam Co., Ltd, a manufacturer of electronic equipment and components, as saying that he is pleased with the Vietnamese Government’s support to the company’s production activities. He highlighted the fact that its exports to Southeast Asian markets enjoy a tax exemption.
He voiced his hope that with 5,600 employees worldwide and an annual revenue of more than 500 million EUR, the P&F will certainly reach a double-digit growth in the Vietnamese market.
He spoke highly of Vietnam’s labour law with clear regulations that are similar to those prescribed by western countries, and advised small and medium-sized German enterprises to come to Vietnam if they intend to do business in the region.
Uwe Hutzler, General Director of the Saigon TanTec Leather Company said Vietnam’s foreign investment attraction policies and preferential tariffs are favourable to foreign investors, adding that its framework conditions are more stable and competitive that those of other regional countries.
The article quoted AHK Deputy Chief Representative in Vietnam Peter Kompalla as saying that Germany now has around 300 enterprises operating in Vietnam and tens of German firms are seeking Vietnamese partners.
Meanwhile, Chief Representative of German Bank for Reconstruction (KfW) in Hanoi Birgit Erbel emphasised the admirable achievements Vietnam has reaped.
In 1993, nearly 60 percent of the Southeast Asian country’s population was poor, but this rate has now dropped to below 12 percent, said Erbel. She added that the economy has recorded over 5 percent growth in many consecutive years and targets reaching 6.4 percent in 2018.-VNA
