Vietnam looks to expand cooperation with Germany

09:02 | 28/03/2019 Cooperation

Vietnam wants to enhance cooperation with Germany, hoping the European nation will provide support in developing small- and medium-sized enterprises (SMEs), digital technology, and boosting startup development and innovation, Prime Minister Nguyen Xuan Phuc told visiting German Minister for Economic Affairs and Energy Peter Altmaier.

PM Nguyen Xuan Phuc (R) and German Minister for Economic Affairs and Energy Peter Altmaier - Photo: NDO

During a reception for Altmaier in Hanoi on March 25, PM Phuc suggested that the German side strengthen investment cooperation with Vietnam, especially in infrastructure and energy development projects, as well as university-level education.

The two sides need to focus on measures to promote the two-way trade turnover on the basis of their potential, he said, adding that Vietnam hopes Germany will officially sign and adopt the European Union-Vietnam Free Trade Agreement (EVFTA).

He thanked the German government’s willingness to strengthen cooperation with Vietnam, while appreciating the cooperation between German states and Vietnamese localities alongside the European country’s loosening of legal conditions for receiving Vietnamese labourers to work in Germany.

Altmaier, for his part, highlighted the potential for the two countries to expand their cooperation, adding that Germany wishes to enhance its friendship with Vietnam. Germany wants to develop artificial intelligence, digitalisation, and startups in Vietnam, he said, affirming that his country is willing to invite Vietnamese firms to join Germany’s SME renovation program.

Altmaier stressed that his country is ready to cooperate with Vietnam in renewable energy development and education and training.

In his response, PM Phuc said that Germany’s ODA-funded projects have made important contributions to Vietnam’s socio-economic development, expressing his hope that the German government will continue to provide ODA capital for Vietnam in the process.

Germany is now the largest trade partner of Vietnam in the European Union (EU) in particular and Europe in general, with their two-way trade recording impressive growth in recent years. Many German firms are now successfully operating in Vietnam.

Later on March 26, the German House was inaugurated in Ho Chi Minh City at a ceremony which also marked the 25-year presence of the German Chamber of Industry and Commerce in Vietnam.

Minister of Industry and Trade Tran Tuan Anh and German Minister for Economic Affairs and Energy Peter Altmaier visit the German House in Ho Chi Minh City

Addressing the event, German Minister for Economic Affairs and Energy Peter Altmaier thanked Vietnamese partners for their support of the construction of the German House, and noted that the Vietnamese community in Germany plays a bridging role in the two countries’ relationship.

Minister of Industry and Trade Tran Tuan Anh highlighted that the German House will be a new address for bilateral cooperative activities and serve as a bridge for the business communities of the two countries.

The minister called on the German government to continue encouraging German businesses to invest in Vietnam and assist Vietnam in developing renewable energy sources, building policies and infrastructure, and training human resources for the fourth Industrial Revolution.

Construction of the German House started in November 2014. The work is a symbol of the friendship and the strategic cooperation of the two countries.