Vietnam, Germany look to boost economic cooperation

A workshop to promote economic cooperation between Vietnam and Germany took place in Hanoi on October 3, bringing together representatives from around 200 enterprises of the two nations.
Vietnam, Germany look to boost economic cooperation ảnh 1At the workshop (Photo: http://tapchithongtindoingoai.vn/)

Hanoi (VNA) - A workshop to promote economic cooperation betweenVietnam and Germany took place in Hanoi on October 3, bringing togetherrepresentatives from around 200 enterprises of the two nations.

The event was jointly held by radio TheVoice of Vietnam (VOV), the Vietnam Association of Small and Medium Enterprises (VINASME), and Huong Sen Group in the framework of the Vietnam –Germany Culture Festival 2020.

It is a particularly important event in the context that the European Union –Vietnam Free Trade Agreement (EVFTA) came into effect from August 2020and the two sides’ enterprises are fighting to overcome difficulties caused bythe COVID-19 pandemic.

Participants said that 2020 is very difficult year as the whole world isstruggling to respond to the crisis caused by the COVID-19. However, the EVFTAwill be a springboard for economic, trade and investment cooperationbetween Vietnam and Germany in the coming time.

Vietnam’s becoming the ASEAN Chair2020 and a non-permanent member of the UN Security Council for 2020-2021, and Germany’s roleas the rotary head of the EU for the second half of 2020 offer the twocountries opportunities to further expand their cooperation, bringing practicalinterests to Vietnamese and German businesses, they noted.

A seminar on promoting practical partnership between the two nations for mutualdevelopment was arranged as part of the workshop, during which issues relatedto opportunities and challenges of Vietnamese and German businesses amid theCOVID-pandemic and those brought by the EVFTA, as well as prospects foreconomic cooperation among EVFTA member countries in general and the Germany-Vietnam partnership in particular were put on the table.

Currently, Germany is home to over 8,000 Vietnamese enterprises,and there are more than 300 German enterprises operating inmany fields such as mechanics, machine manufacturing, and logistics in Vietnam./.

VNA

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