Investment
Vietnam investment forum in Germany fruitful
Apr 11, 2014 / 04:37 PM
A Vietnam investment forum that took place in Berlin on April 10 was a success as it drew the participation of nearly 200 German companies.
The event was a joint effort among the Berlin Chamber of Commerce and Industry (IHK), the Vietnamese Ministry of Planning and Investment, and the Vietnamese Embassy in Germany.
In his opening remark, Minister of Planning and Investment Bui Quang Vinh hailed Germany as the biggest European economy with a system of modern public governance and hi-tech innovations which are crucial to Vietnam’s economic restructuring.
He assured participants that promising chances are awaiting them once Vietnam fully joins the ASEAN Free Trade Area and strikes a free trade agreement with the European Union and the Trans-Pacific Partnership (TPP) deal.
Vietnam will further renew economic institutions, regulate the economy based on market tools and allocate a fair share of capital and resources, making it easier for investors to do business in the country, he noted.
Citing successful joint projects such as the Vietnamese-German university, Governing Mayor of Berlin Klaus Wowereit expressed hope that the coordination between Berlin and Vietnam’s major cities of Hanoi and Ho Chi Minh City will go stronger, particularly in transport infrastructure, water supply and treatment, and research as well.
According to him, Germany has picked out Ho Chi Minh City as host of its Asia-Pacific economic cooperation forum, which demonstrates the fact that Vietnam is on the radar screen of German investors.
At the forum, representatives from such high-profile groups as Braun, Bosch and Duane Morris shared their working experience in Vietnam . A lot of queries about the country’s investment climate were also cleared up.
Earlier, Minister Vinh joined a discussion with Mayor Wowereit and IHK President Eric Schweitzer, who also takes charge of the German Chamber of Commerce and Industry, to seek stronger bilateral connections.
While in Berlin, he also met with State Secretary to the Federal Ministry for Economic Affairs and Energy Stefan Kapferer, State Secretary to the Ministry of Economic Cooperation and Development Thomas Sillberhorn and Siemens executives.
In Frankfurt city, Vinh met Chairman of the German Asia-Pacific Business Association and Deutsche Bank Chief Executive Officer Jurgen Fitschen before holding talks with executives of Western Berlin groups operating in Vietnam.
In his opening remark, Minister of Planning and Investment Bui Quang Vinh hailed Germany as the biggest European economy with a system of modern public governance and hi-tech innovations which are crucial to Vietnam’s economic restructuring.
He assured participants that promising chances are awaiting them once Vietnam fully joins the ASEAN Free Trade Area and strikes a free trade agreement with the European Union and the Trans-Pacific Partnership (TPP) deal.
Vietnam will further renew economic institutions, regulate the economy based on market tools and allocate a fair share of capital and resources, making it easier for investors to do business in the country, he noted.
Citing successful joint projects such as the Vietnamese-German university, Governing Mayor of Berlin Klaus Wowereit expressed hope that the coordination between Berlin and Vietnam’s major cities of Hanoi and Ho Chi Minh City will go stronger, particularly in transport infrastructure, water supply and treatment, and research as well.
According to him, Germany has picked out Ho Chi Minh City as host of its Asia-Pacific economic cooperation forum, which demonstrates the fact that Vietnam is on the radar screen of German investors.
At the forum, representatives from such high-profile groups as Braun, Bosch and Duane Morris shared their working experience in Vietnam . A lot of queries about the country’s investment climate were also cleared up.
Earlier, Minister Vinh joined a discussion with Mayor Wowereit and IHK President Eric Schweitzer, who also takes charge of the German Chamber of Commerce and Industry, to seek stronger bilateral connections.
While in Berlin, he also met with State Secretary to the Federal Ministry for Economic Affairs and Energy Stefan Kapferer, State Secretary to the Ministry of Economic Cooperation and Development Thomas Sillberhorn and Siemens executives.
In Frankfurt city, Vinh met Chairman of the German Asia-Pacific Business Association and Deutsche Bank Chief Executive Officer Jurgen Fitschen before holding talks with executives of Western Berlin groups operating in Vietnam.
