Business

Vietnam bolsters trade, investment in Germany

Minister of Industry and Trade Vu Huy Hoang met with about 50 German and overseas Vietnamese businesspeople at Vietnam Trade Office in Berlin on March 16.
Vietnam bolsters trade, investment in Germany ảnh 1Minister of Industry and Trade Vu Huy Hoang at the meeting. (Photo: VNA)

Berlin (VNA) – Minister of Industry and Trade Vu Huy Hoang met with about 50 German and overseas Vietnamese businesspeople at Vietnam Trade Office in Berlin on March 16 as part of his working visit to Germany to boost trade and investment between the two countries.

Speaking at the meeting, Minister Hoang briefed attendees on Vietnam’s socio-economic situation over the past years and its major orientation for economic, trade and investment development specified in the Resolution adopted by the 12th National Party Congress earlier this year.

He also answered inquiries from German firms on investment and trade climate in Vietnam following the country’s signing of the Trans-Pacific Partnership (TPP) and the EU-Vietnam Free Trade Agreement (EVFTA), as well as the establishment of the ASEAN Economic Community (AEC).

Some firms expressed their interest in developing material growing areas in Vietnam to serve the export of agricultural products and herbal medicines to Germany, EU and Africa.

Meanwhile, overseas Vietnamese businesses hoped that the Vietnamese government would facilitate their investment in the country as well as the flow of investment capital from Vietnam to Germany.

Minister Hoang said the ministry and Vietnam Trade Office in Germany are willing to provide support for enterprises to ramp up two-way trade and investment.

During his working trip at the invitation of Sigmar Gabriel, Vice Chancellor of Germany and also Minister for Economic Affairs and Energy on March 17-18, Minister Vu Huy Hoang is scheduled to attend several economic forums and meetings.-VNA

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