Ample room remains for Vietnam-Germany cooperation: diplomat
Potential for cooperation between Vietnam and Germany remains huge with new opportunities, as Germany is currently an economic locomotive of the European Union (EU), and also Vietnam’s largest trading partner in the region, according to Ambassador Vu Quang Minh.
Berlin (VNA) – Potential for cooperation between Vietnam and Germanyremains huge with new opportunities, as Germany is currently an economiclocomotive of the European Union (EU), and also Vietnam’s largest tradingpartner in the region, according to Ambassador Vu Quang Minh.
Since the two countries set up their strategic partnershipin 2011, two-way trade doubled to 11.2 billion USD in 2021. The figure hit 6.2billion USD in the first half of this year, up 15% year-on-year.
As of May 31, Germany had 426 valid investment projectsworth 2.31 billion USD in Vietnam, while the Southeast Asian nation ran 36projects totaling 283.3 million USD in the European country.
In the context the two countries and the whole world are quickly recovering post COVID-19, bilateral trade and investment areforecast to grow further in the coming time, stated Minh.
In addition, Vietnam is seen as a reliable partner and aleading attractive market of German businesses and investors, he said, addingthat many delegations of German firms are scheduled to make fact-finding toursto the Vietnamese market from now to the end of this year.
Vietnam also boasts advantages to cooperate with Germanenergy companies to develop clean and renewable energies such as wind power,solar power, and hydrogen production. Especially, Germany recently backed theGroup of Seven (G7)’s selection of Vietnam as a global partner in just energytransition.
The diplomat affirmed that this is a ‘golden opportunity’for the two countries to promote bilateral cooperation and bring theirstrategic partnership to a new height, not only in politics and security, butalso in economics, trade, science and technology, and education and training, andlabour cooperation./.
The Vietnamese Consulate General in Frankfurt is always ready to support and connect Vietnamese businesses with their German counterparts to penetrate and learn about each other's markets, according to Consul General Le Quang Long.
"Vietnam is part of my heart," stated President of the Germany-Vietnam Friendship Association Rolf Schulze, who served as German Ambassador to Vietnam during 2007-2011, while attending an event to introduce traditional costumes and musical instruments of Vietnam.
Minister of Foreign Affairs Bui Thanh Son paid an official visit to Germany from September 26-27 at the invitation of his German counterpart Annalena Baerbock.
Permanent Deputy Prime Minister Pham Binh Minh on September 28 affirmed that Vietnam always attaches importance to strengthening the strategic partnership with Germany while receiving Jochen Flasbarth, State Secretary in the German Federal Ministry for Economic Cooperation and Development, who is on a visit to the Southeast Asian country.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Illustrative image (Photo: VNA) 
