Business

Vietnam main partner of Asia-Pacific economic forum in Bayern

Vietnam is an ideal destination for German businesses, according to Vietnamese Ambassador to Germany Nguyen Thi Hoang Anh.
Vietnam main partner of Asia-Pacific economic forum in Bayern ảnh 1Vietnamese Ambassador to Germany Nguyen Thi Hoang Anh and delegates at the forum (Photo: VNA)

Vietnam was chosen as a main partner of the 12th Asia-Pacific economic forum held in the German state of Bayern on July 23 with the engagement of nearly 200 businesses.

Addressing the event, Vietnamese Ambassador to Germany Nguyen Thi Hoang Anh said Vietnam and Germany will celebrate the 40th founding anniversary of diplomatic ties in 2015.

Following the success of the Asia-Pacific Conference of German Business (APK) organised in Ho Chi Minh City in November 2014, Vietnam was chosen as a main partner of the Asia-Pacific economic forum in Berlin, and this time in Bayern, she said.

This has not just demonstrated the comprehensive strategic partnership between the two nations but also confirmed that Vietnam is a reliable market and ideal destination for German investors, she added.

She said the Vietnamese Government has enacted measures to improve local business climate, create a legal framework to ensure publicity and transparency for foreign enterprises, and simplify administrative procedures.

She highlighted political stability, improved legal system and administrative formalities, and skilled human resources as factors that make Vietnam to become more attractive to German firms.

Additionally, the two countries established a strategic partnership framework in 2011, while the Trans-Pacific Partnership (TPP) Agreement is going to be signed and the ASEAN Economic Community will take shape later this year.

Moreover, more than 100,000 Vietnamese at home speak German and have wide knowledge about German culture, the Ambassador said, noting that close to 125,000 overseas Vietnamese are living and working in Germany.

Lying at the heart of Bayern state, central Franken region and Nuremberg city play crucial role in Germany and Europe, gathering many large and medium-sized enterprises in car manufacturing, computing, health service, automation and machines production.

With a population of 3.5 million, these areas count 150,000 registered businesses and 50,000 independent active individuals, generating jobs for 1.7 million workers. The total gross domestic product (GDP) is estimated at 100 billion EUR and the proportion of exports reaches over 45 percent.-VNA

#German businesses #administrative procedures #strategic partnership #TPP #ASEAN Economic Community
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