German firms hope for stronger partnership with Vietnam
The German business community have high expectations for stronger economic cooperation with Vietnam after the phone talks between Vietnamese Party General Secretary Nguyen Phu Trong and German Chancellor Olaf Scholz on March 31.
Chief Representative of the German Chambers of Commerce (AHK) in Vietnam Marko Walde. (Photo: VNA)
Berlin (VNA) –The German business community have high expectations for stronger economic cooperationwith Vietnam after the phone talks between Vietnamese Party General SecretaryNguyen Phu Trong and German Chancellor Olaf Scholz on March 31.
𒁃 In an interview granted to the Vietnam News Agency's correspondents in Germany, Chief Representative of theGerman Chambers of Commerce (AHK) in Vietnam Marko Walde said he was delight at the phone call between the two countries’leaders.
He said as strategic partners, Germany and Vietnam had implemented strategic action plans in the past, and will jointlydevelop next strategic plans for the future.
Regarding future cooperation potential, Walde emphasised that there isgreat potential and huge opportunities for the two countries to further expand thebilateral relationship, especially in economic cooperation.
After the COVID-19 pandemic, the two sides can take advantage of the European Union- Vietnam Free Trade Agreement to further foster cooperation, he said, adding that they can also step up partnership in vocational and high-skilled labour training
Chairman of TTI Group Horst J. Pudwill said Germany and Vietnam share manysimilarities, and he highly valued the diligence and creativity of Vietnamese people.
Sharing the same view, Horst J. Geicke – Chairman of the Deutsches Haus (German House) in Ho Chi Minh City stressed that the EVFTA is a foundation for the twocountries to strengthen bilateral trade cooperation.
Trade turnover between the two countries is likely to rise by 20 percent thisyear, and Germany will remain the largest trading partner of Vietnam in theEU, he said.
๊ According to Geicke, investment flows from Germany to Vietnam are expected to behigher this year, with the establishment of modern factories and new companies./.
Enterprises at a seminar in Hanoi on December 14 were informed about business opportunities in Germany offered by the EU-Vietnam Free Trade Agreement (EVFTA).
The Vietnam-Germany Innovation Network (VGI) and the Bach Khoa Hanoi Technology Investment and Development One Member Company Limited (BK-HOLDINGS) inked an agreement on enhancing cooperation in science-technology and innovation on December 22.
The relations between the Communist Party of Vietnam (CPV) and political parties in Germany have contributed to creating a foundation for the relationship between the two countries, said a Vietnamese high-ranking Party official.
An investment promotion forum to introduce potential and chances of Vietnam’s economic fields was held in Frankfurt, Germany, on March 8, seeing the participation of nearly 300 delegates.
Party General Secretary Nguyen Phu Trong and German Chancellor and leader of the German Social Democratic Party Olaf Scholz agreed to direct the promotion of the countries’ cooperation in the fields of mutual interest in their telephone conversation held on March 31.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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.