Log in
Business

Aligned interests to take Vietnam-Germany relations to new height

Strong commitments to uphold multilateralism and fight climate change are factors to spur the Vietnam-Germany relations in the next decade.

Shared interests between Vietnam and Germany in a wide range of issues are set to take the bilateral relations to a new height in the next decade.

 Overview of the online conference. Photos: Nguyen Tung

Experts shared the view at a virtual conference discussing the 10th anniversary of the Vietnam-Germany Strategic Partnership (2011-2021) jointly held today [October 15] by the Diplomatic Academy of Vietnam and the Konrad Adenauer Stiftung (KAS).

“Ten years on since the signing of the Hanoi Joint Declaration on Vietnam-Germany Strategic Partnership, Vietnam-Germany relations have taken a significant leap forward,” said To Anh Dung, deputy minister of Foreign Affairs.

To date, Germany is Vietnam’s largest economic partner in the EU, and Vietnam holds the same status in ASEAN as Germany, Dung said.

During the span of ten years, bilateral trade turnover doubled from US$5.6 billion in 2011 to $10 billion in 2020, while foreign direct investment (FDI) from Germany to Vietnam also increased two-fold to $2.2 billion in 404 valid projects from nearly $1 billion ten years ago.

“Germany is also one of Vietnam’s major partners in education and training,” he said, referring to over 160 ongoing cooperation programs and 7,000 Vietnamese students studying in Germany.

“Once become operational, the Vietnam-Germany University, a flagship project between the two countries, would be one of the top education institutions in Southeast Asia,” Dung noted.

Looking to the future, Dung expressed his belief in the strong progress of Vietnam-Germany relations, especially as the German Government with its Indo-Pacific policy aims for a greater presence in the region, focusing on cooperating with ASEAN and Vietnam in various fields.

 Deputy Minister of Foreign Affairs To Anh Dung. 

Meanwhile, the resolution of Vietnam’s 13th National Party Congress stressed the priority for Vietnam to strengthen relations with strategic partners, including Germany as its key partner in Europe.

“The EU-Vietnam Free Trade Agreement (EVFTA) and the upcoming EU-Vietnam Investment Protection Agreement (EVIPA) are no doubt the driving forces to boost trade and economic cooperation, one of the major pillars in the bilateral partnership,” he stressed.

Director for East Asia, Southeast Asia, and the Pacific of the German Federal Foreign Office, Martin Thuemmel, noted the past ten years have shown the significant role of the strategic partnership for both Vietnam and Germany.

Thuemmel mentioned Vietnam’s act of kindness in donating face masks for Germany when the Covid-19 pandemic first broke out in 2020, while the latter has so far provided more than 3.5 million doses of vaccine for Vietnam in response to the current outbreak.

As the global context has drastically changed since the day both countries established the strategic partnership, Thuemmel noted the world’s attention now lies on the Indo-Pacific, for which security and peace are a priority for both Vietnam and Germany.

Thuemmel called for stronger cooperation between the two countries to uphold multilateralism and the rule of law for mutual benefits, referring to Vietnam as a key actor in ASEAN, an organization that has a strong view on multilateral mechanisms in resolving regional issues.

“With climate change also a major issue affecting countries around the world, Vietnam and Germany should work to mitigate such impacts for sustainable development,” he added.

Thuemmel also expected the EVFTA to play a key role in driving economic and trade cooperation between Vietnam and the EU in general, and Vietnam-Germany, in particular.

 German Ambassador to Vietnam Guido Hildner.

Sharing Thuemmel’s view, German Ambassador to Vietnam Guido Hildner said as two countries play a key role in their respective regions, both have common interests in maintaining the current world order that is based on the rule of law and a strong commitment to multilateralism.

Hildner cited the fact that both the EU and ASEAN entered into a strategic partnership last December when Vietnam was serving as the ASEAN Chair and Germany as EU Council President.

“It is desirable for Germany for ASEAN to grow strong and have a greater role in regional issues,” he said.

Politics and economics: an inseparable duo

 Former Vietnamese Ambassador to Germany Doan Xuan Hung.

Former Vietnamese Ambassador to Germany Doan Xuan Hung stressed strong mutual trust between the two nations that was thanks to a common view on regional and global issues.

“Vietnam and Germany with their roles and status would serve as the bridge to strengthen ASEAN-EU linkage,” he said.

Going forward, Hung said economics and politics will contribute to one goal, noting “effective trade and investment results would bring high political trust and the other way around.”

Hung added the current trade turnover of $10 billion or FDI of $2 billion remained modest compared to that of other countries signing strategic partnerships with Vietnam such as Japan or South Korea, or even with the size of the German economy with $3.5 trillion in annual trade revenue.

“More efforts are needed for both sides to further harness the past achievements and realize the full potential of the strategic partnership,” said Hung.

On this issue, Vietnam’s Ambassador to Germany Nguyen Minh Vu expected the EVFTA would further boost trade relations.

Vu pointed out the huge interests of many small and medium German businesses in doing business in Vietnam, expecting a wave of investment from Germany would come to Vietnam once the pandemic is contained.

Head of Division East Asia and South East Asia under the Federal Ministry for Economic Cooperation and Development Bettina Horstmann noted with Vietnam seen as a key partner in Southeast Asia, Germany is planning to help the country set up a pandemic response center to deal with future disasters.

Horstmann stressed the current pandemic situation should be seen as an opportunity for two sides to further push for the realization of priority goals agreed under the strategic partnership, including efforts against climate change and a push for sustainable development.

German firms with strong expertise in sustainable development are capable of supporting Vietnam in the construction of climate resilience cities or accelerate the digitalization process, she added.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam mulls sharp rise in casino entry fee for locals

Vietnam mulls sharp rise in casino entry fee for locals

Such higher rates are intended to discourage individuals without adequate financial capacity from entering casinos.

Vietnam’s export strength in 2025 builds solid momentum for 2026 growth

Vietnam’s export strength in 2025 builds solid momentum for 2026 growth

With trade turnover nearing the US$900-billion mark, Vietnam enters 2026 with renewed confidence despite global volatility, rising trade barriers and shifting supply chains. Deputy Director of the Import–Export Department Tran Thanh Hai has outlined the drivers of this growth and the priorities for sustaining momentum next year.

Vietnam sets new trade record as import–export turnover nears $840 billion

Vietnam sets new trade record as import–export turnover nears $840 billion

Vietnam recorded its highest-ever trade performance in January-November as import–export turnover surged, driven by strong export growth and a continued trade surplus.

Vietnam accelerates plan to develop new free trade zones nationwide by 2030

Vietnam accelerates plan to develop new free trade zones nationwide by 2030

Vietnam moves to pilot major free trade zones in major cities next year to drive economic growth and boost competitiveness.

Hanoi advances hi-tech industry, with Hoa Lac as its key growth engine

Hanoi advances hi-tech industry, with Hoa Lac as its key growth engine

Hanoi is accelerating its shift toward a modern industrial model built on high technology and innovation, with Hoa Lac emerging as the core destination for investment and high-quality human resources.

Hanoi pushes SME–large enterprise linkages to drive sustainable supply chain growth

Hanoi pushes SME–large enterprise linkages to drive sustainable supply chain growth

Experts have said that the city can strengthen its competitiveness by deepening cooperation among the Government, large enterprises, and small businesses, especially through more effective supply-chain linkages.

Hanoi’s Hi-tech & Industrial Parks: achievements and outlook

Hanoi’s Hi-tech & Industrial Parks: achievements and outlook

Hanoi’s hi-tech and industrial parks are emerging as key drivers of the capital’s economic transformation, attracting high-value investment, advancing innovation and strengthening supply chains as the city sets its sights on becoming a leading regional technology and manufacturing hub.

Vietnam honors 50 transparent listed companies as stock market reaches new milestones

Vietnam honors 50 transparent listed companies as stock market reaches new milestones

Vietnam honored 50 listed companies for excellence in transparency at the 2025 Vietnam Listed Company Awards, which spotlighted standout annual reports, corporate governance and sustainability disclosures amid rising foreign investor interest and growing alignment with international reporting standards.