Germany Sees Vietnam as the Second Most Attractive Market in Asia

Vietnam is now the focus for Germany to step into ASEAN while German companies see Vietnam as the second most attractive market in Asia after China. Vietnam and Germany have set up relations for a long time.

 

At present, some 100,000 Vietnamese people are living in Germany and some 100,000 people can speak German in Vietnam. In addition, around 3,000 Vietnamese students are studying in Germany.

 

In 2008, the two-way trade revenues between Vietnam and Germany were recorded at US$4 billion, the largest amount between an EU member and Vietnam. Germany has granted a total of 1 billion euro of official development assistance to Vietnam since 1990. The German Reconstruction Bank has lent Vietnam US$100 million to build the Ha Noi - Hai Phong expressway.

 

At present, German companies are very interested in big projects in Vietnam, including the National Convention Centre, the headquarters of the Ministry of Public Security, the Ha Noi Museum and the Parliament House.