German Firms to Boost Investments in Vietnam This Year: Official
Fifteen business delegations from Germany will make trips in Vietnam from now to the year-end to seek investment opportunities, Alexander Bischoff, chairman of the German Business Association told the Thoi bao Kinh te newspaper Monday.
German companies highly appreciate Vietnamese young human resources with high skills, Alexander Bischoff said, adding that with 80 million people, Vietnam will be big market for German high-class products and services.
He noted that German and Vietnamese enterprises are showing interests for the cooperation in energy and hi-tech projects.
Bischoff emphasized that the majority of German companies was small-or medium-sized enterprises (SMEs), the backbone of Germany’s economy, are eyeing investment opportunities in the Southeast Asian country.
Another official Holger Benthien, vice chairman of the German Business Association, told that German companies were shifting from Europe to Asia and Vietnam will be their first destination after China.
Germany is now Vietnam's top trade partner from the EU. Bilateral trade was US$4 billion in 2009.
As of end-2009, German companies invested US$1.2 billion into 290 projects in the Southeast Asian country, Alexander Bischoff added.
At the Consultative Group Meeting held in Hanoi in December 2009, Germany pledged EUR137 million in aid for Vietnam in 2010, accounting for 12.7% of EU’s total aid for the Southeast Asian nation this year. (Thoi bao Kinh te May 31 p4, thesaigontimes.vn)
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