German Investors to Explore Opportunities in Vietnam

12:45:38 PM | 9/4/2008

A mission of more than 30 German companies will come to Vietnam from September 7 to look for trade and investment opportunities, according to the Vietnam Chamber of Commerce and Industry (VCCI).
 
The delegation was led by Klauss-Peter Guettler, State Secretary of the Ministry of Economy, Transportation and Development of the German Federal State of Hessen.
 
The German guests operate in the areas of waste and water treatment, bicycle, packing machines, air conditioner systems for specific vehicles, bottle moulds and mould parts production, metal alloys, IT, finance and banking, garment and textiles and several others.
 
During the five-day stay in Vietnam, the firms will join the Vietnam-Germany Business Conference, held by the VCCI, which is a chance for the two-side companies to exchange cooperation opportunities.
 
The VCCI said it will join hands with InWent, Germany’s Capacity Building International to organize a business trip to Germany to survey the market from September 28 to October 4.
 
Nguyen Minh Gon, a Vietnamese commercial counselor in Germany, said that Germany was a potential market for Vietnam, adding that about 230 types of Vietnamese products are exported to the market annually, including footwear, seafood, coffee, handicrafts, ceramics and porcelain.
 
Vietnamese companies should focus on exported a specific kind of product to Germany rather than shipping many kinds of goods to this country.
 
Among EU members, Germany is now Vietnam’s biggest trade partner. In 2006, trade between the two nations was US$2.3 billion. The bilateral trade is expected to surpass US$4 billion this year, said German Ambassador to Vietnam, Rolf Schulze. (VNS)