German investors are eyeing Vietnam as an attractive destination in Asia, the Vietnam News Agency quoted a representative from the German Chamber of Commerce and Industry in Vietnam, Jan Noether, as saying.
Vietnam has attracted a large influx of foreign investors, including those from Germany, for its advantages such as political stability, investment incentive policies and young and abundant labor force, Noether said at a seminar on investment opportunities in Vietnam recently held in Germany.
At the seminar, many German entrepreneurs presented prospects for cooperation between two-side businesses as well as requirements to boost German investment flow into Vietnam, particularly in energy, infrastructure, water supply, environmental protection and banking.
The workshop, co-organized by PricewaterhouseCoopers (PWC) and the credit insurance company Euler Hermes (EH), lured 70 local companies and banks, including Siemens, BMW, ThyssenKrupp, Daimler, Commerzbank, Hypoverreinsbank.
PWC Export Credit Guarantee Division Head Manfred Bruer said at the workshop that Vietnam took the lead among 20 key emerging markets at the EM 20 Index for their attractiveness for overseas investment.
Vietnamese Ambassador to Germany Tran Duc Mau said Vietnam always offered favorable conditions for German investors.
Among EU members, Germany is now Vietnam’s biggest trade partner. In 2006, trade between the two nations was US$2.3 billion.
To date, German companies have invested around US$600 million in 98 projects in Vietnam. (VNA)
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