The EU hopes that the agreement will replicate the success of the EU-Vietnam FTA, which has helped bilateral trade grow strongly since it came into force in 2020.

Special advisor to the Japanese Prime Minister Iijima Isao said he expected strong Japanese investment flow into Vietnam, particularly Ho Chi Minh City, in the coming years.

The central province of Nghe An attracted a positive investment flow totaling 150 trillion VND (more than 6.6 billion USD) during the 2010-15 period.

The Tuan Chau Group will build an entertainment, tourism and real estate complex with total investment capital of 3 trillion VND (133 million USD) in Dien Ban town in Quang Nam province.

There is great potential for Vietnam and Germany – the 4th largest economy – to strengthen all-round ties, Vietnamese Ambassador to Germany Doan Xuan Hung told Vietnam News Agency correspondents.

The presence of large investors like Vingroup and Sungroup on Kien Giang province’s Phu Quoc Island is expected to increase the investment flow into the “pearl island”.

Chargé d’Affaires of the German Embassy to Vietnam Hanns-Joerg Brunner has hailed the continuous growing relations between the two countries.