Vietnam actively creates favourable conditions for German enterprises to invest in localities throughout Vietnam in various fields, Director of the Department of Foreign Affairs of Localities Nguyen Hoang Long has stated.
Vietnam actively creates favourable conditions for German enterprises to invest in localities throughout Vietnam in various fields, Director of the Department of Foreign Affairs of Localities Nguyen Hoang Long has stated.
He made the remarks at a workshop held by German Industry and Commerce in Vietnam and the Department of Foreign Affairs of Localities under the Ministry of Foreign Affairs in Ho Chi Minh City on May 12.
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| A chemical plant in Vietnam invested by Germany-based BASF |
Long said that Germany is the largest trade partner of Vietnam in the EU and an important gateway for Vietnamese goods to enter Europe. German enterprises have carried out many projects in localities across Vietnam, mainly concentrated in Ho Chi Minh City, Da Nang, Dong Nai, Long An and Binh Duong.
He noted that more than 100,000 Vietnamese people are living in Germany and more than 8,000 Vietnamese enterprises are currently operating in the country which will open up more opportunities for bilateral co-operation in economics, culture, education, and other fields.
Parliamentary State Secretary at Germany’s Federal Ministry for Economic Affairs and Energy Iris Gleicke emphasised the important geographical position of Vietnam which is a main gateway to enter many other countries in ASEAN and Asia.
She added that the workshop, which facilitates dialogue between 20 German enterprises and many local leaders from Vietnamese localities, will contribute significantly to promoting co-operation between the two countries.
At the workshop, German enterprises focused on processes and procedures to implement investment projects in Vietnam and sought business opportunities in many areas.
Representatives from five Vietnamese provinces and cities with the largest investment from German businesses provided helpful information for enterprises including administrative reforms, investment incentives and procedures to apply for investment certificates, among other issues.
German investors have invested in 132 projects in Ho Chi Minh City with a total registered capital of US$132 million. They have also invested in seven projects in Dong Nai province with a total capital of over US$700 million, accounting for nearly 50% of total investment from German enterprises in Vietnam.
(Source:NDO)
