President hails growing trade ties, friendship with Germany on visit

09:39 | 26/11/2015 Cooperation

President Truong Tan Sang and his German counterpart Joachim Gauck expressed pleasure at the rapid development of the Vietnam-Germany strategic partnership at their talks in Berlin on November 25 (local time).

President hails growing trade ties, friendship with Germany on visit

President Truong Tan Sang (R) and German counterpart Joachim Gauck inspect the guard of honour in Berlin (Photo: VNA)

President Truong Tan Sang confirmed that Germany is currently one of the leading partners of Vietnam in Europe in various fields such as trade, science-technology, development cooperation, environment, law, education and vocational training.

The two sides noted with satisfaction that the cooperation in the field of trade and investment between the two countries continues to make positive progress. Both nations are enjoying favourable conditions to lift two-way trade to between 15 billion USD and 20 billion USD by 2020 and German investment in Vietnam to 5 billion USD as soon as possible.

They concurred to maintain Germany’s top place among Vietnam’s economic partners, especially when the EU-Vietnam Free Trade Agreement (EVFTA) is to be signed soon, and offer the best possible conditions for their enterprises to promote closer cooperation.

President Truong Tan Sang thanked the German Government for maintaining development aid to Vietnam over the past years, contributing significantly to the achievement of poverty reduction and economic development.

For his part, President Joachim Gauck said he highly appreciated the contributions of the Vietnamese community in Germany to the prosperity of the host country.

The leaders praised the bilateral cooperation at multilateral forums, especially at the United Nations (UN), Asia-Europe (ASEM) Summit, and ASEAN-EU. They agreed to increase consultations and collaboration in addressing global challenges such as climate change and marine security.

Vietnam supports Germany to enhance relations with ASEAN and vice versa, while Germany backs Vietnam in furthering the rapports with the EU, including the early signing of the EVFTA and the EU’s recognition of Vietnam’s market economy status.

President Truong Tan Sang said Vietnam will continue to closely work with Germany at the UN and support the European country to become a permanent member of an expanded UN Security Council.

Later at a press conference, the two leaders informed local and world press of the outstanding agreements reached during their talks./.


Source: VNA