Vietnam and Germany’s Sachsen-Anhalt State havegreat potential for cooperation in various fields such as renewable energy, vocational training, chemical production and machinery manufacturing, said Ambassador to Germany Nguyen Minh Vu.
The Vietnamese Government, for years, has been focusing on enhancing administrative reforms to improve the business environment, said Mai Tien Dung, Minister and Chairman of the Government Office.
Vietnam’s foreign trade turnover is likely to surpass 500 billion USD in 2019, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference in Hanoi on December 12.
Vietnam attaches much importance to the relations with Germany, its key partner in the Europe as well as the European Union (EU), Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh said on December 5.
Vietnam’s shrimp exports continued to shrink over the last 11 months in the face of fierce competition from other major exporters. But it is expected to make its way back next year with the EU-Vietnam trade deal coming into force.
Deputy Foreign Minister To Anh Dung and State Secretary of the German Federal Foreign Office Andreas Michaelis co-chaired the fifth meeting of the Vietnam – Germany Strategic Management Group in Hanoi on December 4.
New-generation Free Trade Agreements (FTAs) are expected to help Vietnam become more competitive if the country reduces trading costs and improves its business environment, experts said at a conference in Ho Chi Minh City.
The domestic textile and garment industry is expected to reach its export revenue target of 40 billion USD this year despite facing many difficulties, said Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).
Vietnam’s aquatic export revenue is estimated to reach 778 million USD in November this year, pushing the total earnings in the first 11 months of 2019 to about 8 billion USD.
A Vietnam-Czech Republic trade promotion seminar was held in Prague, the Czech Republic on November 28 to help enterprises from both sides seek investment and cooperation opportunities, contributing to promoting their bilateral economic and trade partnership.
The Singapore-based Chinese-language newspaper Lianhe Zaobao newspaper (United Morning Paper) ran an article on November 26 on Vietnam’s foreign direct investment (FDI) attraction, affirming that it is one of the most open economies with the fastest economic growing pace in Asia.
Measures to boost security – defence cooperation between Vietnam and the European Union (EU) were discussed at the their first ever security – defence dialogue recently held in Brussels, Belgium.
Vietnam’s gross domestic product (GDP) is forecast to expand 7 percent during 2021-2025 on the back of new-generation free trade agreements, according to the Ministry of Planning and Investment’s National Centre for Socio-Economic Information and Forecast (NCEIF).
The International Labour Organisation (ILO) has praised Vietnam’s adoption of the revised Labour Code on November 20, saying that the code will held everyone gain fair benefits of economic growth.
Vietnam can become a gateway for Indian businesses and goods to enter other large markets, according to Do Quoc Hung, head of the Asia-Africa Market Department under the Vietnamese Ministry of Industry and Trade.
The development situation and foreign investment attraction policies of Vietnam were introduced to businesses, research centres, universities and members of the Association of German Engineers (VDI) at a workshop in Dresden city, the German state of Sachsen, on November 12.
Ho Chi Minh City wants to step up cooperation with Belgium’s Antwerp province in the fields where the latter has strengths such as seaport development, smart urban building and renewable energy, Chairman of the municipal People’s Committee Nguyen Thanh Phong has said.
Hessen State plays an important role in promoting economic and trade cooperation between Vietnam and Germany, Deputy Prime Minister Truong Hoa Binh said at a reception for President of the Hessen State Parliament Boris Rhein in Hanoi on November 12.
Vietnam is one of the potential partners of the European Union (EU) in various fields, said the EU’s newly-accredited Ambassador to Vietnam Giorgio Aliberti.
Politics
