Vietnam Fatherland Front President Nguyen Thien Nhan overviewed his country’s economic development potential to an audience of German politicians, businesspersons and bankers on June 29 as part of his working visit to the European nation.

His speech, delivered at the Messer AG convention centre in Frankfurt, highlighted Vietnam as a force for growth in the ASEAN market which is likely to have a 105 million-strong population and a gross domestic product of some 540 billion USD by 2030.

He also outlined five solutions for the country’s sustainable growth: controlling public debt, fighting corruption, reducing non-performing bank loans, preventing climate change impacts and enhancing cyber security.

The German-language speech received positive responses from listeners at the event, where Nhan also answered questions regarding tourism and energy.

The same day, the Vietnamese delegation had a working session with Minister for Higher Education, Research and the Arts of the Hessen state Boris Rhein, who spoke highly of the sound multifaceted cooperation between the two countries as well as between Hessen and Vietnamese ministries, sectors and localities.

Rhein highlighted the Vietnam-Germany University project, implemented since 2008 in coordination with his ministry, and considered it the most outstanding result of the countries’ educational partnership. He also expressed his belief in bilateral collaboration development.

In Bonn city, the Vietnamese side met Head of the International Relations Department of the German Cooperative and Raiffeisen Confederation Andreas Kappes, who gave an overview of the development and current organisation of the confederation and shared reasons for the success of the cooperative system in Germany.-VNA