Vietnam, Germany joint committee discusses economic cooperation
Berlin (VNA) – Vietnamese Deputy Minister of
Industry and Trade Phan Thi Thang and State
Secretary at the German Federal Ministry for Economic Affairs and Climate Action Udo Philipp co-chaired the second meeting of the Vietnam-Germany Joint Committee for Economic
Cooperation in Berlin on February 23.
The committee noted that last year, two-way
trade between Germany and Vietnam reached nearly 15 billion EUR, up from 10
billion EUR in 2015. The German side wished to join in projects in energy,
healthcare and digitalisation through the exchange of experience and
technological transfer.
Both
sides reaffirmed their strong bilateral relationship, demonstrated by German
Chancellor Olaf Scholz’s Vietnam visit, during which a number of new agreements
were signed, including a Memorandum of Understanding on energy transition, labour
and vocational training.
In energy cooperation, both sides wished to
upgrade their Energy Dialogue to an Energy Partnership to accelerate the energy transition
process in the two countries.
They
acknowledged the crucial role of ensuring energy security in economic
development through diversification of energy sources; development, production and use of renewable energy, and technologies in energy efficiency, energy
conservation and storage.
In the fields of industry and digital transformation, the two sides looked to strengthen
cooperation in automobile production; and agreed to encourage German companies to seek
component and spare part suppliers in Vietnam and invest in supporting
industries in other fields such as textile, leather and footwear, electronics
and high-tech manufacturing. They also mentioned the possibility to step up the
issuance of working visas for German employees in Vietnam, thus creating
favourable conditions for German companies to do business in the country.
Host
and guest discussed solutions to simplify administrative procedures and
remove non-tariff trade barriers. They agreed to support and protect geographical
indications of each other's products in accordance with EU-Vietnam Free Trade
Agreement (EVFTA) and the laws of both countries. Vietnam proposed that Germany ratify the EU-Vietnam Investment Protection Agreement (EVIPA), encourage German
businesses to invest in Vietnam, and make it easier for Vietnamese farm produce
and aquatic exports to enter the German market.
They
vowed to jointly popularise products through retail distribution channels in
partner markets, as well as inform each other about trade fairs and
exhibitions.
Deputy
Minister Thang emphasized the importance of maintaining this
dialogue mechanism, especially amid fluctuations in the world today.
According
to chargé d'affaires a.i of the Vietnamese Embassy in Germany Chu Tuan Duc, the Joint Committee's second meeting has achieved important results, particularly the joint wish of upgrading their Energy Dialogue to an Energy Partnership.
At the meeting, they also agreed to
organise the meeting of the Joint Committee every two years. Accordingly, the
next meeting is scheduled to be held in Vietnam in early 2025, or may be
earlier if agreed by both parties./.