On November 20, Germany’s TUV SUD Group and the Ho Chi Minh City Union of Business Associations (HUBA) signed a memorandum of understanding on further collaboration in many fields including electronics, medical equipment and food industry.
TUV SUD, which specialises in quality testing, evaluation and certification, has supported Vietnam ’s garment sector in ensuring its high-quality production and connecting local firms with those in the EU and the US in recent time.
Germany is also implementing the “German House” project in Ho Chi Minh City and a series of trade and investment promotion activities are scheduled for next year when the two countries celebrate the 40 th anniversary of their diplomatic ties.
Also on November 20, Germany’s NurnbergMesse in collaboration with the German Industry and Commerce in Vietnam (GIC) and the Vietnam Trade Promotion Agency (VTP) organised a press conference introducing the two countries’ potential and trade promotion via global trade fairs.
Statistics from GIC show that, two-way trade between Vietnam and Germany reached US$7.7 billion in 2013, up 18 percent compare to the previous year. More than 300 German businesses have been licensed to operate in Vietnam so far.
Vietnam is an attractive market for German investors as more than 500 businesses from the European country are seeking Vietnamese garment and footwear suppliers.
Other News
- North-South high-speed railway to open up new economic opportunities
- Prime Minister calls on China to pilot border economic cooperation zone
- State-owned corporations set to pilot offshore wind power projects
- AIIB ready to fund Hanoi’s urban railway projects
- S.Korea’s industrial conglomerates to expand investment activities in Vietnam
- Intel boosts Vietnam’s semiconductor workforce for ambitious goals
- Vietnam among top investment destinations for SEA investors
- Vietnam looks to support FDI firms as global minimum tax looms
- Factors unlocking Vietnam’s potential in FDI attraction: HSBC
- Opportunity at hand: Leveraging global minimum tax for FDI attraction
Trending
-
Hanoi Forum explores innovative solutions for sustainable urban development
-
Vietnam news in brief - December 12
-
EVs take the spotlight on Vietnam's urban streets
-
Thay Pagoda: A timeless heritage on Hanoi's outskirts
-
Hanoi's pho declared national intangible heritage
-
Christmas in Vietnam: A blend of Western cheer and local charm
-
Finding ways to unlock Hanoi's suburban tourism potential
-
Hanoi economy sustains higher growth in 2024
-
Hanoi to lead national efforts to streamline political system