Wednesday, July 26 2017

VietNamNews

PM calls for more investment by leading German businesses

Update: July, 07/2017 - 10:23
Prime Minister Nguyễn Xuân Phúc met on Thursday in Berlin with leading German business representatives from various fields, such as information technology, finance, healthcare, agriculture, and the high-tech industry. — VNA/VNS Photo Thống Nhất

BERLIN — Prime Minister Nguyễn Xuân Phúc met on Thursday in Berlin with leading German business representatives from various fields, such as information technology, finance, healthcare, agriculture, and the high-tech industry.

The PM said Việt Nam is a dynamic economy with rapid growth, a stable macro-economy, and favourable business environment, adding that the country is shifting economic growth to high-added value sectors and has joined many new-generation free trade agreements.

He went on to say that Việt Nam has abundant and young human resources quick to master the latest technologies. The country is among the top 10 in the Asia-Pacific region and top 30 in the world in software outsourcing.

Phúc also stressed that Germany is one of Việt Nam’s prioritised partners in the Fourth Industrial Revolution, noting that many German businesses are operating effectively in Việt Nam and contributing to raising bilateral trade to over US$9 billion.

Therefore, Việt Nam and Germany could further promote co-operation in trade, investment, training, energy, tourism, and information technology, the PM suggested.

At the dialogue, German firms expressed their wish to co-operate with Việt Nam in healthcare, education, training, high-tech agriculture, renewable energy, and smart power-saving solutions.

Cedrik Neike of the Siemens managing board said his company is keen to partner with Việt Nam in providing green energy and healthcare services.

Siemens and other German firms also want to join the underground rail project in HCM City and the manufacturing of gas-fuelled turbines in Việt Nam, he added.

Chief financial officer of Bayer Healthcare Pharma Julio Triana said the company has been operating in Việt Nam for 20 years and hopes to make stronger investment in healthcare and agriculture.

The CEO of Philips Lighting DACH, Karsten Vierke, affirmed his company’s wish to invest in human resources training, develop smart cities using the company’s latest technology that can save up to 65 per cent of electricity.

PM Phúc hailed this idea and said he hoped Philips Lighting DACH will co-operate with Việt Nam soon to implement its project in major cities.

The PM also welcomed investment by Deustche Bank in the field of finance and stock markets.

He appealed for German investment in improving healthcare services in Việt Nam, including the production of high-quality medicines at reasonable prices.

Answering a query on Việt Nam’s long-term policy to develop renewable energy, the PM said he has signed an important decision to adjust the price of solar electricity to 9.35 cent per one kWh. Việt Nam boasts huge potential in renewable energy and hopes German investors will consider investment in the sector, he added.

PM Phúc also visited a gas turbine manufacturing factory of Siemens Group, which has been present in Việt Nam since 1979 and participated in major infrastructure projects and others in the fields of electricity, mechanical engineering and healthcare equipment production. — VNS

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