German economic minister supports stronger investment in Vietnam
German federal economic minister supports stronger investment in Vietnam
Federal Minister for Economic Affairs and Energy Brigitte Zypries said she will encourage German businesses to make more investment in Vietnam while meeting with Prime Minister Nguyen Xuan Phuc on July 6 as part of his ongoing official visit to Germany.
Prime Minister Nguyen Xuan Phuc (R) receives Federal Minister for Economic Affairs and Energy Brigitte Zypries (Photo: VNA)
Berlin (VNA) – Federal Minister forEconomic Affairs and Energy Brigitte Zypries said she will encourage Germanbusinesses to make more investment in Vietnam while meeting with Prime MinisterNguyen Xuan Phuc on July 6 as part of his ongoing official visit to Germany.
The two sides discussed measures to increasetrade and investment, especially in the field of energy.
The Minister urged Vietnam and Germany to workto increase the bilateral trade to 15-20 billion EUR by 2020, especially whenVietnam and the EU are about to sign a free trade agreement.
The two sides should also join hand to deploythe Fast Track mechanism which was just signed between Vietnam’s Ministry ofIndustry and Trade and Germany’s Ministry for Economic Affairs in order toquickly remove bottlenecks for businesses while investing and doing business inthe other country, she said.
Prime Minister Nguyen Xuan Phuc hailed bigGerman companies such as Siemens, Mercedes Benz, Bosch, Braun, and Adidas formaking effective investment in Vietnam.
However, he noted that Germany’s investment inVietnam only stands at 1.4 billion USD, which is still modest to the bilateralpotential.
The two sides agreed to promote delegationexchanges and business presence at each other’s trade fairs and exhibitions toencourage German small-and medium-sized enterprises to invest in Vietnam.
Phuc thanked the German Government for providingofficial development assistance (ODA) for Vietnam over the past years, whichhas made significant contributions to the Southeast Asian country’ssocio-economic development.
He proposed Germany further help Vietnam toimplement projects on vocational training, climate change adaptation and wastetreatment.
Minister Zypries pledged to provide moreassistance for Vietnam to carry out vocational training programmes.
Both sides agreed to seekoptimal measures to ensure interests of German businesses in Vietnam inaccordance with its legal regulations.-VNA
Enterprises from the German state of Hessen see potential to invest in Vietnam, heard a conference held by the Economic Council of Germany’s Christian Democratic Union (CDU) in Frankfrut am Main on April 24.
Germany’s Bremen State and Vietnam see great potential for cooperation in trade, high technology, renewable energy, seaport, and vocational training, heard a conference held in Bremen, Germany.
The Communist Party of Vietnam (CPV) and the Social Democratic Party of Germany (SPD) convened their sixth dialogue in Berlin on July 3, talking opportunities and challenges in a changing world and Vietnam-Germany-EU cooperation.
PM Nguyen Xuan Phuc met with the staff of the Vietnamese Embassy and representatives of the Vietnamese community in Germany right after his arrival in Berlin on July 5 evening (local time).
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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.
Prime Minister Nguyen Xuan Phuc (R) receives Federal Minister for Economic Affairs and Energy Brigitte Zypries (Photo: VNA)
