Ministry promotes trade with Germany

While Germany is already the most important market in the European Union for Vietnamese exports, there's still huge potential for further increasing exports to Germany, said Do Thang Hai, head of the Ministry of Industry and Trade (MoIT)'s Trade Promotion Department.
While Germany is already the most important market in the European Unionfor Vietnamese exports, there's still huge potential for furtherincreasing exports to Germany, said Do Thang Hai, head of the Ministryof Industry and Trade (MoIT)'s Trade Promotion Department.

Statistics from the ministry showed that last year export turnover toGermany reached 3.35 billion USD, 41 percent higher than 2010.

However, Hai said Vietnamese goods have not fully exploited theirpotential in the market despite seeing continuous growth in exports toGermany .

He said Vietnamese exports to Germany mainlyincluded shoes, garments and textiles, coffee beans, wooden furniture,seafood and leather goods, while Vietnam imported machinery,automobiles, pharmaceuticals and chemicals from Germany.

Figures from the HCM City Trade Promotion and Investment Centre showedthat Germany accounted for 19 percent of Vietnamese exports to the EUlast year, and was Vietnam 's biggest trade partner in the area.

Accordingly, Vietnam ranked 49th out of 147 countries that exported toGermany, 55th out of 144 countries to import German products and 47thout of 144 trade partners based on bilateral trade turnover.

Thomas Hundt, head of the German Trade and Investment Organisation inVietnam , said businesses should pay more attention to ensuring goodsexported to the EU meet a raft of standards.

He saidregulations on goods exported to Germany have been tightened toensure quality, hygiene and corporate social responsibilities.

MoIT plans to organise more trade delegations to Germany to promoteVietnamese firms, while Vietnamese company VietHaus (SASCO) has built acommercial centre in Germany that will support Vietnamese firms doingbusiness in Germany .

SASCO's deputy director Doan ThiMai Huong said VietHaus willlp enterprises to expand their businesses inthe German market with the minimum of cost.

"The centre,which is scheduled to become operational in June, will showcaseVietnamese goods and provide information on German consumer habits,"Huong said.

She said some Vietnamese goods including beerand coffee along with tourism services, have already been promoted atthe centre.

"We will organise activities to introduceVietnamese coffee next month on the occasion of the biggest fair inBerlin ," she said.

The ministry in co-operation withMetro Cash&Carry Group and the Vietnam Trade Counselor will organiseVietnamese Week in Germany from June 6-16 to introduce famousVietnamese brandnames which meet EU standards, including pomelo fruit,Hoa Loc mangoes, Tien Giang papayas, shrimp, basa fish and Trung Nguyencoffee.

Germany has 161 projects in Vietnam withtotal registered capital of 824 million USD, ranking 22 out of 91countries and territories investing here.

In HCM City alone, there are 61 German-invested projects with total investment of 345 million USD.

Vietnam has 10 projects in Germany with total registered capital of 25 million USD. /.

See more

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.

Rice is one of Vietnam's exports to Cuba. (Photo: VNA)

Vietnam-Cuba Business Forum held in Hanoi

Addressing the event, Cuban Ambassador Rogelio Polanco Fuentes affirmed that Cuba will always stand alongside the Vietnamese Government and business community in their efforts to achieve the challenging target socio-economic goals.

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.