The State of Baden‐Wuerttemberg opens a Representative Office in Vietnam

16:53 | 07/07/2017 MUTRAP Corner

(VEN) - The state of Baden‐Wuerttemberg in Germany officially opened a representative office in German Industry and Commerce Vietnam (GIC/AHK) on purpose to promote bilateral trade and investment between State of Baden‐ Wuerttemberg and Vietnam. The representative office will provide information on market entries, enterprise contacts and investment environment at Baden – Wuerttemberg as well as support German enterprises seeking partners in Vietnam.  

Phto (https://wm.baden-wuerttemberg.de)

Located in Southwest Germany, Baden‐Württemberg is one of the most important economic centers in Europe, having become one of the leading investments locations on the continent. Bordering on France, Austria and Switzerland, Baden‐Württemberg is situated right at the heart of Europe. Moreover, its outstanding infrastructure makes it an ideal gateway to the Markets of European Union – the world’s economically strongest single market with around 500 million consumers. In 2015, the gross domestic product generated by Baden‐Württemberg companies amounted to 460 billion euros, higher than Belgium, Sweden or Austria. In 2015, Baden‐Württemberg exported goods to the value of 195 billion euros, a new record figure.

Internationally renowned global players such as Daimler, Bosch, SAP, GFT Technologies and Posche call Baden‐ Württemberg their home. In addition to, it is mainly small and medium‐sized enterprises that form the backbone of economy.

Baden‐Württemberg also occupies a leading position in Europe, amounting to 4.8 per cent of GDP (2013). Many leading German institution such the Fraunhofer‐Gesellschaft or the Max‐Planck‐Gesellschaft have substantially more facilities in Baden‐Württemberg than in any other state in Germany. Baden‐Württemberg also takes a pioneer position in the progress of industry 4.0.

Over 4,000 foreign companies have already decided in favor of Baden‐Württemberg thanks to outstanding infrastructure, highly developed parts‐supplier structure, skills of highly qualified workers and cooperation with companies that are related or in the same sector and pool of potential industrial customers.

For all questions relating to Baden‐Württemberg as a location for science and industry, Vietnam enterprises can contact German Industry and Commerce Vietnam to find details of the opportunities for cooperation and investment that abound in Baden‐Württemberg.

My Phung