Việt Nam News

Thái Bình seeks to enhance investment, trade cooperation with Germany

March 27, 2024 - 11:29

A delegation from Thái Bình Province undertook a visit to Germany with the goal of strengthening trade connections and attracting direct investment from the country.

At the signing of a memorandum of understanding on cooperation between the Thái Binh Department of Planning and Investment and Hannoverimpuls GmbH – the economic development agency of the city and region of Hanover. — VNA/VMS Photo

BERLIN — A group representing the northern province of Thái Bình, led by Deputy Secretary of the provincial Party Committee Nguyễn Khắc Thận, undertook a visit to various localities and business entities in Germany from March 25 to 27. Their aim was to bolster trade ties and encourage direct investment from the European nation.

During their time in Germany, the delegation engaged in discussions with officials from Hanover, the capital and largest city of Lower Saxony state.

Addressing the gathering, Thận, who also serves as Chairman of the Thái Bình People’s Committee, expressed aspirations for fostering collaboration between the province and Hanover in the foreseeable future.

Furthermore, Thái Bình seeks to attract German investment particularly in sectors such as healthcare, pharmaceuticals, and labour cooperation. Thận highlighted that the province is planning to establish Việt Nam's inaugural biopharmaceutical industrial park.

Thận and Mayor of Hanover Thomas Hermann also witnessed the signing of a memorandum of understanding on cooperation between the provincial Department of Planning and Investment and Hannoverimpuls GmbH – the economic development agency of the city and Hanover region.

As a result, both parties agreed to work together to help companies from Hanover and Thái Bình expand their business operations. They also decided to share information, send business groups back and forth, hold conferences and seminars together, offer advice on industries, and assist in finding partners in marketing, science, and technology.

The delegation then worked with the Chamber of Commerce Hannover to introduce the province and its investment opportunities.

They also organised a forum for investment and business connection between Thái Bình and Lower Saxony, attended by about 30 German companies. — VNS

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