German investors eye VN business opportunities

Update: May, 13/2017 - 06:00
A worker at the B.Braun Việt Nam Company Limited, a Germany-invested medical equipment producer. Germany has invested around US$1 billion in Việt Nam to date. - VNA/VNS Photo Danh Lam
Viet Nam News

HCM City – Executives from around 20 companies in Eastern Germany met with authorities from five southern and central Vietnamese cities and provinces with the largest amount of German investment on Friday to explore investment opportunities.

They are in the country along with the visiting German Parliamentary State Secretary of the Federal Ministry for Economic Affairs, Iris Gleicke.

“The visit of … Gleicke to Việt Nam has promoted relations between the two nations, and this is a good chance for Vietnamese localities to introduce themselves to German investors,” Dr Nguyễn Hoàng Long, director of the Department of Foreign Affairs for Provinces, said.

“Germany is the biggest trade partner of Việt Nam in Europe and Việt Nam would like to become the biggest trade partner of Germany in Southeast Asia.

Gleicke said: “Germany and Việt Nam have had many open political discussions. I highly appreciate this morning’s roundtable because our enterprises from Eastern Germany had a unique experience in transitioning from a centrally-planned economy to a market economy.

“Our Eastern enterprises are very famous for their high-tech, wastewater treatment, air treatment and environmental pollution reduction technology.

“We recognise that Việt Nam has a very special geographic position and if our enterprises can enter Việt Nam, we can enter the rest of South East Asia.”

Marko Walde, chief representative of the Delegate of German Industry and Commerce Việt Nam, said: “German businesspersons would like to know about investment procedures in Việt Nam and this roundtable is the best place to provide such information.”

Peter Alltschekow, managing director of Eastern Germany, German Trade and Invest, the German Government’s economic development agency, said: “This is the fourth time Eastern German enterprises are coming to Việt Nam. We need to meet localities, local enterprises … and we hope this visit will open new opportunities for German enterprises.”

At the roundtable, HCM City, Bình Dương, Đồng Nai, Long An, and Đà Nẵng highlighted their investment opportunities to the visitors.

An official from the HCM City Department of Planning and Investment told them how to set up a foreign business in Việt Nam. A Đà Nẵng labour official spoke about procedures for obtaining a work permit for foreigners in Việt Nam. A Long An Province official spoke about import/export procedures.

Earlier on Thursday, the vice chairman of the HCM City People’s Committee Lê Thanh Liêm had met Gleicke.

Around 100,000 Vietnamese live in Germany while another 100,000 Vietnamese can speak German.

Germany has invested around US$1 billion in Việt Nam, with 90 per cent being concentrated in the southern region. – VNS