WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Oct 21, 2015 / 14:12

Vietnam-"The intersection" of important trade agreements

The investment environment in Vietnam is in the best of ASEAN and these are factors that German firms have been waiting to prepare for a new wave of investment.

In Berlin, the online newspaper German Waves (Deutsche Welle - DW) of Germany had the article "Vietnam will wirtschaftlich durchstarten" (roughly translated: Vietnam launch a new era of economic development) of Rodion Ebbighausen journalist, said that Vietnam is pushing economic liberalization to become a new attractive investment destination, that Germany is one of the key partners.


Article opens that Vietnam-German relations are well developing on the occasion of 40 years of establishing diplomatic relations between the two countries and many high-level visits by leaders of both parties in 2015 as Chairman of German Parliament, Mr. Norbert Lammert visited Vietnam earlier this year and President Truong Tan Sang will visit Germany in late 2015.

Assessment about the development of Vietnam, writer mentioned that Vietnam’s growth rate since the conduct of Reforms has been quite high average of 7-8% / year and soon achieved target per capita income from $1,000 in 2009.

The author argues that although Vietnam's economy is also affected by the overall situation of the world economy in recent years, but the growth rate of the past 2 years has achieved relatively high at around 6% / year.

Author rated Vietnam is becoming the biggest "intersection" of the important trade agreements in the area.

Regarding Vietnam-Germany economic relations, the article quoted the comments of Mr. Bjoern Koslowski, Vice president of German Foreign Trade Chamber standing in Vietnam, he said that the above-mentioned free trade agreements give an significant advantage to Vietnam as an investment destination full of charm.

According to Koslowski, The investment environment in Vietnam is in the best of ASEAN and these are factors that German firms have been waiting to prepare for a new wave of investment.