Germany’s DW considers Vietnam new destination for European companies
Vietnam's active economic performance in recent years has captured the attention of some major European firms, said German English-language news site DW in a June 8 article.
Hanoi (VNA) – Vietnam's active economic performancein recent years has captured the attention of some major European firms, saidGerman English-language news site DW in a June 8 article.
Vietnam was one of the few Asian countriesthat did not experience an economic contraction during the coronavirus pandemicin 2020 and 2021, it said. This year, the country’s GDP is expected to grow by around5.5 percent, according to the World Bank.
German automotive supplier Brose, which has 11 factories inChina, is currently deciding between Thailand and Vietnam for a new productionlocation.
In December, Denmark's Lego announced it will build a 1billion USD factory near the southern business hub of Ho Chi Minh City, one of thelargest European investment projects in Vietnam to date.
It quoted Daniel Müller, manager at the German Asia-PacificBusiness Association, as saying: "It currently looks as if, in particular,medium-sized companies are increasingly striving to enter the Vietnam market.”
Vietnam has become a more attractive destination forinvestors, Raphael Mok, head of Asia Country Risk at Fitch Solutions, told DW.
Thearticle noted the EU and Vietnam ratified a free-trade agreement in 2020, whichincluded an investment pact, the EU-Vietnam Investment Protection Agreement (EVIPA).Bilateral trade rose to 49 billion EUR (52.08 billion USD) in 2021, up from 20.8 billion in 2012,the year talks began over the EU-Vietnam Free Trade Agreement (EVFTA).
A report by Germany Trade & Invest, a research andadvisory platform, points out that these pacts also give European firms easieraccess to public procurements in Vietnam./.
Foreign investors, especially those from the European Union (EU) would find it more appealing to land investment in Vietnam when the EU- Vietnam Free Trade Agreement (EVFTA) takes effect, according to German broadcaster Deutsche Welle (DW).
German and European media have reported high appreciation for Vietnam's donation of face masks to European countries to help them fight the COVID-19 pandemic.
Germany’s DW newswire recently ran an article saying that Vietnam still aims for an economic growth of 5 percent this year despite global economic crisis and likely recession in some of its neighbouring countries.
DW News, a German-based English-language news and information channel, has just published an article lauding Vietnam’s outcomes in its ‘war’ against the novel coronavirus.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative photo (Source: VNA) 
