09:11 | 16/10/2015 Economy
A delegation of German businessmen arrived in Vietnam on October 12 for a visit to assess the country’s investment environment, according to Vietnam’s Foreign Ministry.
(Source: Ministry of Foreign Affairs)
The delegation, which includes executives whose companies are looking to invest in Vietnam, or are already doing business in the country, will conduct a five-day evaluation, visiting German subsidiaries in Hanoi and other parts of the country.
The German Industry and Commerce (GIC) is to hold a forum to provide domestic businesses a chance to meet with and discuss cooperation opportunities directly with members of the delegation.
Last year’s bilateral trade between the two nations hit 8 billion Euro and posted an average growth rate of 15-20% over the past five years.
According to a spokesperson for the GIC, Germany is a strategic and key partner of Vietnam. At present, there are around 300 businesses operating and/or investing in Vietnam./.