German investors and representatives of the German Chamber of Industryand Commerce (AHK) highly value the investment climate in Vietnam andthe Vietnamese Government’s efforts in implementing open-door policiesfor foreign investors, a national newspaper has said.
Germany’sDer Spiegel quoted Evert Helms, General Director of the Pepperl &Fuchs (P&F) Vietnam Co., Ltd, a manufacturer of electronicequipment and components, as saying that he is pleased with theVietnamese Government’s support to the company’s production activities.He highlighted the fact that its exports to Southeast Asian marketsenjoy a tax exemption.
He voiced his hope that with 5,600employees worldwide and an annual revenue of more than 500 million EUR,the P&F will certainly reach a double-digit growth in the Vietnamesemarket.
He spoke highly of Vietnam’s labour law with clearregulations that are similar to those prescribed by western countries,and advised small and medium-sized German enterprises to come to Vietnamif they intend to do business in the region.
Uwe Hutzler,General Director of the Saigon TanTec Leather Company said Vietnam’sforeign investment attraction policies and preferential tariffs arefavourable to foreign investors, adding that its framework conditionsare more stable and competitive that those of other regional countries.
The article quoted AHK Deputy Chief Representative in Vietnam PeterKompalla as saying that Germany now has around 300 enterprises operatingin 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 achievementsVietnam has reaped.
In 1993, nearly 60 percent of the SoutheastAsian country’s population was poor, but this rate has now dropped tobelow 12 percent, said Erbel. She added that the economy has recordedover 5 percent growth in many consecutive years and targets reaching 6.4percent in 2018.-VNA
Germany’sDer Spiegel quoted Evert Helms, General Director of the Pepperl &Fuchs (P&F) Vietnam Co., Ltd, a manufacturer of electronicequipment and components, as saying that he is pleased with theVietnamese Government’s support to the company’s production activities.He highlighted the fact that its exports to Southeast Asian marketsenjoy a tax exemption.
He voiced his hope that with 5,600employees worldwide and an annual revenue of more than 500 million EUR,the P&F will certainly reach a double-digit growth in the Vietnamesemarket.
He spoke highly of Vietnam’s labour law with clearregulations that are similar to those prescribed by western countries,and advised small and medium-sized German enterprises to come to Vietnamif they intend to do business in the region.
Uwe Hutzler,General Director of the Saigon TanTec Leather Company said Vietnam’sforeign investment attraction policies and preferential tariffs arefavourable to foreign investors, adding that its framework conditionsare more stable and competitive that those of other regional countries.
The article quoted AHK Deputy Chief Representative in Vietnam PeterKompalla as saying that Germany now has around 300 enterprises operatingin 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 achievementsVietnam has reaped.
In 1993, nearly 60 percent of the SoutheastAsian country’s population was poor, but this rate has now dropped tobelow 12 percent, said Erbel. She added that the economy has recordedover 5 percent growth in many consecutive years and targets reaching 6.4percent in 2018.-VNA
