Hamburg businesses keen to invest in Vietnam

VOV.VN - As many as 50 large enterprises based in Hamburg gathered at the headquarters of the Hamburg Chamber of Commerce and Industry (IHK) on December 5 to explore further investment opportunities in Vietnam.

Addressing the event, Vietnamese Ambassador to Germany Vu Quang Minh affirmed Germany views Vietnam as a reliable partner in terms of political, economic, and trade cooperation ties.

Amid global uncertainties, German firms are keen to diversify their business activities, with the Vietnamese market emerging as one of the leading and reliable destinations for foreign investors, he said.

According to the diplomat, there are bright prospects ahead for further cooperation in the spheres of renewable energy, green technology, digital economy, sustainable development, environment, agricultural product processing, manufacturing, information technology, pharmaceuticals, and health care between the two countries.

Nguyen Manh Hai, counselor in charge of investment at the Embassy, pointed out that Vietnam has been attracting more foreign financiers thanks to its advantages including cheap labour, an abundant workforce, and improved production capacity, as well as incentive investment policies put in place.

By the end of September. Germany had had 436 valid foreign-invested projects in Vietnam capitalised at US$2.34 billion, he revealed.

In his presentation, Daniel Marek, ASEAN regional director of the German Asia-Pacific Business Association (OAV), also lauded Vietnam’s high economic growth as an advantage, despite facing unprecedented challenges globally. Some of the key sectors recording impressive growth include garment and textiles, footwear, electronics, and agricultural products.

The executive affirmed there are huge cooperation opportunities between the two countries as their two-way trade turnover has increased considerably over the years, reaching US$15.2 billion last year.

The gathering witnessed German business representatives such as TESA company and the German Investment and Development Corporation (DEG) share their experiences in conducting business in the Vietnamese market as well as preferential investment policies for German firms.

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