At the virtual conference on economic cooperation between Vietnam and Germany (Photo: VNA) Berlin (VNA) – A virtual conference on economic cooperation betweenVietnam and Germany was held on March 15 under the sponsorship of Leipzig city,the Vietnamese Embassy in Germany, InvestRegion Leipzig and Deutsch-VietnamesischesHaus e.V.
Speaking before an audience of over 120 participants, Vietnamese AmbassadorNguyen Minh Vu highlighted Vietnam’s outstanding socio-economic developmentachievements in the past time, stating the Southeast Asian country has become afavourite destination for foreign investment shifting in the context ofCOVID-19 and fierce trade competition.
Besides abundant human resources and favourable mechanisms, Vietnam has hightrade openness since it has joined a wide range of large free trade agreementssuch as EU-Vietnam Free Trade Agreement and Regional Comprehensive EconomicPartnership (RCEP), and this will create favourable conditions for German firmsto purchase Vietnamese goods and export their products to ASEAN member statesas well as RCEP members like China, Japan, the Republic of Korea, Australia andNew Zealand.
Speaking highly of the sweeping changes in Leipzig city, the Vietnamesediplomat said suitable socio-economic strategies have helped the city become aneconomic pillar of the central Germany.
With well-developed industry, infrastructure and science-technology, Leipzig isan ideal incubator for startups, he added.
He expressed his belief that the conference would offer opportunities forbusinesses of both sides to build practical cooperation for mutual benefits.
Meanwhile, Mayor of Leipzig city Burkhard Jung said he rejoiced at the soundrelations between Leipzig and Ho Chi Minh City and Vietnam as a whole in recentyears, hoping the EVFTA will strengthen the ties between the two sides.
Leipzig is the first Germany’s city to open a representative office in Vietnam.It has a wide range of cooperative activities across economic, cultural andsocial aspects with Vietnam, and is housing a 3,500-strong Vietnamese community.
A round-table discussion was held within the conference, highlighting severalissues that investors of both sides were interested in.
Last year, Vietnam became the largest trade partner of Germany in ASEAN andfifth largest in Asia. Meanwhile, Germany was the biggest trade partner ofVietnam in the EU, with two-way trade topping over 13 billion EUR (15.46billion USD)./.
Speaking before an audience of over 120 participants, Vietnamese AmbassadorNguyen Minh Vu highlighted Vietnam’s outstanding socio-economic developmentachievements in the past time, stating the Southeast Asian country has become afavourite destination for foreign investment shifting in the context ofCOVID-19 and fierce trade competition.
Besides abundant human resources and favourable mechanisms, Vietnam has hightrade openness since it has joined a wide range of large free trade agreementssuch as EU-Vietnam Free Trade Agreement and Regional Comprehensive EconomicPartnership (RCEP), and this will create favourable conditions for German firmsto purchase Vietnamese goods and export their products to ASEAN member statesas well as RCEP members like China, Japan, the Republic of Korea, Australia andNew Zealand.
Speaking highly of the sweeping changes in Leipzig city, the Vietnamesediplomat said suitable socio-economic strategies have helped the city become aneconomic pillar of the central Germany.
With well-developed industry, infrastructure and science-technology, Leipzig isan ideal incubator for startups, he added.
He expressed his belief that the conference would offer opportunities forbusinesses of both sides to build practical cooperation for mutual benefits.
Meanwhile, Mayor of Leipzig city Burkhard Jung said he rejoiced at the soundrelations between Leipzig and Ho Chi Minh City and Vietnam as a whole in recentyears, hoping the EVFTA will strengthen the ties between the two sides.
Leipzig is the first Germany’s city to open a representative office in Vietnam.It has a wide range of cooperative activities across economic, cultural andsocial aspects with Vietnam, and is housing a 3,500-strong Vietnamese community.
A round-table discussion was held within the conference, highlighting severalissues that investors of both sides were interested in.
Last year, Vietnam became the largest trade partner of Germany in ASEAN andfifth largest in Asia. Meanwhile, Germany was the biggest trade partner ofVietnam in the EU, with two-way trade topping over 13 billion EUR (15.46billion USD)./.
VNA
