Room remains to amplify Vietnam-Germany cooperation: diplomat

Potential for cooperation between Vietnam and Germany remains huge with new opportunities, as Germany is currently an economic locomotive of the European Union (EU), and also Vietnam’s largest trading partner in the region, according to Ambassador Vuu Quang Minh.

BERLIN — The potential for cooperation between Vietnam and Germany remains huge as Germany is currently an economic locomotive of the European Union (EU) and is also Vietnam’s largest trading partner in the region, according to Ambassador Vũ Quang Minh.

room remains to amplify vietnam germany cooperation diplomat
Trade between Vietnam and Germany reached US$6.2 billion in the first half of 2022, up 15 percent year-on-year

Since the two countries set up their strategic partnership in 2011, two-way trade doubled to US$11.2 billion in 2021. The figure hit US$6.2 billion in the first half of this year, up 15 percent year-on-year.

As of May 31, German firms had 426 investment projects worth US$2.31 billion in Vietnam, while companies from the Southeast Asian nation ran 36 projects totaling US$283 million in the European country.

In the context of the two countries and the whole world quickly recovering post COVID-19, bilateral trade and investment are forecast to grow further in the coming time, stated Minh.

In addition, Vietnam is seen as a reliable partner and a leading attractive market of German businesses and investors, he said, adding that many delegations of German firms are scheduled to make fact-finding tours to the Vietnamese market from now to the end of this year.

Viietnam also boasts advantages to cooperate with German energy companies to develop clean and renewable energies such as wind power, solar power, and hydrogen production. Germany recently backed the Group of Seven's (G7) selection of Viietnam as a global partner in the just energy transition.

The diplomat affirmed that this is a golden opportunity for the two countries to promote bilateral cooperation and bring their strategic partnership to new heights, not only in politics and security, but also in economics, trade, science and technology, education and training, and labor cooperation.

Source: VNS

See also

Hong Kong pioneers a sustainable future for an

Hong Kong pioneers a sustainable future for an 'Asian century'

Hong Kong wants to grasp green financing and sustainable investment opportunities across Asia. Dr. Patrick Lau, deputy executive director of the Hong Kong Trade Development Council (HKTDC), spoke with VIR’s Luu Huong about how Hong Kong could make progress in the new era.
Rosy prospects for Vietnam-Argentina trade

Rosy prospects for Vietnam-Argentina trade

(VEN) - Commercial ties between Vietnam and Argentina are expected to expand in 2023. Ahead of the New Year, Argentine Ambassador to Vietnam Luis Pablo Mara Beltramino spoke with Vietnam Economic News’ Hoa Quynh and Thu Trang.
Multilateral cultural diplomacy helps Vietnam shine at UNESCO: official

Multilateral cultural diplomacy helps Vietnam shine at UNESCO: official

Cultural diplomacy has contributed to promoting cultural values and the image of the country and people of Vietnam.
Expanded trade opportunities with US

Expanded trade opportunities with US

(VEN) - US companies are seeking new suppliers to minimize risks in supply chains, creating more opportunities for Vietnamese businesses in the post-pandemic era. However, the opportunities also face challenges.
Efforts underway to boost trade with UK

Efforts underway to boost trade with UK

(VEN) - Both capital and production technology of domestic enterprises remain modest, it is necessary to connect resources in order to help businesses efficiently take advantage of the UK-Vietnam Free Trade Agreement (UKVFTA), said Ngo Chung Khanh, Deputy Director of the Ministry of Industry and Trade’s (MoIT) Multilateral Trade Policy Department in a talk with Vietnam Economic News’ Hoa Quynh.
FTAs boost Vietnam-Latin America trade

FTAs boost Vietnam-Latin America trade

(VEN) - Trade between Vietnam and Latin America has experienced impressive growth thanks to efficient implementation of free trade agreements (FTAs).

See more news

Saskatchewan enhances cooperation with Vietnam

Saskatchewan enhances cooperation with Vietnam

Trade and Export Development Minister Jeremy Harrison led Canada's Saskatchewan’s delegation to Vietnam to discuss trade and economic partnerships.
Vietnam, Philippines boost economic cooperation

Vietnam, Philippines boost economic cooperation

(VEN) - National Assembly (NA) Chairman Vuong Dinh Hue led a high-ranking delegation to visit the Philippines from November 23-25, promoting legal policies for increased economic cooperation between the two countries.
Vietnam, Cambodia create new impetus for relations

Vietnam, Cambodia create new impetus for relations

(VEN) - Prime Minister Pham Minh Chinh recently led a high-ranking Vietnamese delegation to visit the Kingdom of Cambodia. The visit is expected to create new impetus for comprehensive bilateral cooperation.
PM Jacinda Ardern leads New Zealand trade delegation to renew connection with Vietnam

PM Jacinda Ardern leads New Zealand trade delegation to renew connection with Vietnam

(VEN) - New Zealand Prime Minister Jacinda Ardern is leading a trade delegation to Vietnam from November 14-17 to showcase New Zealand products and services, renew connections and identify new trade opportunities.
Surge in trade with New Zealand

Surge in trade with New Zealand

(VEN) - Vietnam's export value to New Zealand currently accounts for only 1.7 percent of that market's total import value, offering opportunities for increased Vietnamese sales.
Vietnam, Malaysia target trade growth

Vietnam, Malaysia target trade growth

(VEN) - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will take effect for Malaysia on November 29, 2022. This significant event is expected to increase its bilateral trade with Vietnam.
How does UK benefit from sales to Vietnam?

How does UK benefit from sales to Vietnam?

(VEN) - The UK-Vietnam Free Trade Agreement (UKVFTA), which took official effect in May 2021, not only lays the foundation for increased bilateral trade and investment but also facilitates the access of Vietnamese and UK companies to each other’s markets.
View more
Latest Most Read
Prime Minister demands faster disbursement of public investment capital

Prime Minister demands faster disbursement of public investment capital

Prime Minister Pham Minh Chinh demanded faster pace of public investment capital disbursement while chairing the Cabinet meeting on Thursday.
Trade ministry to support enterprises in boosting exports

Trade ministry to support enterprises in boosting exports

The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) will collaborate with relevant agencies in carrying out measures to help enterprises expand their shares in foreign markets, said Vu Ba Phu, head of the agency.
Food and beverage industry to do well this year despite modest economy

Food and beverage industry to do well this year despite modest economy

The food and beverage market is forecast to grow by over 18% this year to 720 trillion VND (30.7 billion USD).
Leaders pay tribute to President Ho Chi Minh on Party’s founding anniversary

Leaders pay tribute to President Ho Chi Minh on Party’s founding anniversary

A delegation of Party, State, and Viet Nam Fatherland Front (VFF) leaders paid tribute to President Ho Chi Minh at his mausoleum in Ha Noi on February 3 on the occasion of the 93rd founding anniversary of the Communist Party of Viet Nam.
Hunting for real estate investment opportunities after Tet

Hunting for real estate investment opportunities after Tet

Although the market faced a standstill at the end of 2022, wealthy investors are still hunting for potential business opportunities after the Lunar New Year holiday.
Calligraphy for the new year

Calligraphy for the new year

The sight of old men in traditional costumes writing calligraphy during Lunar New Year was once very popular in the days gone by. The tradition has long disappeared in modern times but it is being revived at the Spring Calligraphy Festival held in the capital Hà Nội. After two-year hiatus due to COVID-19, calligraphers, both local and international, are excited to be able to write again.
The joy of Tết for Mông people

The joy of Tết for Mông people

Unlike the majority of Vietnamese Kinh people, every year the Mong people often welcome the Lunar New Year around one month earlier. This year, the Mong people in mountainous Ha Giang Province have had a happier and better Tet after two years of COVID.
My Phong Nha

My Phong Nha

Phong Nha stands out with more than 300 caves, some of which are internationally famous. The caves and jungle create a unique landscape and terrain that you can rarely find in other places in the world.
Fireworks show to welcome the New Year 2023 in HCMC

Fireworks show to welcome the New Year 2023 in HCMC

(VEN) - Residents in Vietnam’s southern hub – Ho Chi Minh City (HCMC) – gathered for a countdown event with a beautiful fireworks show to welcome the New Year 2023 at the Bach Dang Speed Ferry Terminal.
Vietnam – Potential destination for Italian businesses

Vietnam – Potential destination for Italian businesses

This year, Vietnam and Italy celebrate the 45th founding anniversary of the Vietnam-Italy diplomatic ties with many achievements in all fields, including the growth of economic cooperation. The remarkable achievements were contributed by trade and investment promotion activities organized by the Italian Chamber of Commerce in Vietnam (ICHAM). Vietnam Economic News’ reporter talked with Mr. Michele D'Ercole - Chairman of ICHAM in Vietnam about these matters.
Prime Minister demands faster disbursement of public investment capital

Prime Minister demands faster disbursement of public investment capital

Prime Minister Pham Minh Chinh demanded faster pace of public investment capital disbursement while chairing the Cabinet meeting on Thursday.
Deputy FM highlights role of economic diplomacy in service of national development

Deputy FM highlights role of economic diplomacy in service of national development

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.
Việt Nam supports expansion of UN Security Council

Việt Nam supports expansion of UN Security Council

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.
Prime Minister assigns tasks to Deputy Prime Ministers

Prime Minister assigns tasks to Deputy Prime Ministers

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.
Food and beverage industry to do well this year despite modest economy

Food and beverage industry to do well this year despite modest economy

The food and beverage market is forecast to grow by over 18% this year to 720 trillion VND (30.7 billion USD).
Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

In 2023, the United Arab Emirates is taking center stage in the global efforts to address climate change and sustainability. Recently, leaders have gathered for Abu Dhabi Sustainability Week, kicking off a year of events leading up to the UAE-hosted COP28 at the end of the year.
Hanoi eyes 950 firms in support industries this year

Hanoi eyes 950 firms in support industries this year

Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.
Vietnam to reduce environmental impact of textile-garment industry by 2030

Vietnam to reduce environmental impact of textile-garment industry by 2030

The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030.
Greening foreign investment

Greening foreign investment

(VEN) - The government’s declared commitment to reduce net carbon emissions to zero by 2050 has prompted a wave of high-quality, sustainable foreign direct investment (FDI) projects.
Southeast region prepares for new FDI wave

Southeast region prepares for new FDI wave

The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year.
January FDI nears US$1.7 billion

January FDI nears US$1.7 billion

Vietnam attracted foreign direct investment (FDI) worth US$1.69 billion as of January 20 this year, down 19.8 percent annually, according to the General Statistics Office (GSO).
Viet Nam calls for more investment in green growth

Viet Nam calls for more investment in green growth

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.
Tax revenue up 4.4 percent year-on-year in January

Tax revenue up 4.4 percent year-on-year in January

Tax revenue in January was estimated at VND165.7 trillion (US$7.06 billion), or 12.1 percent of the ordinance estimate, up 4.4 percent year-on-year, the General Department of Taxation reported on January 31.
State-owned banks under capital increase pressure

State-owned banks under capital increase pressure

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.
Positive prospects for Vietnam’s stock market this year

Positive prospects for Vietnam’s stock market this year

2022 was an eventful year for the Vietnamese stock market with many records set.
Positive 2023 securities market forecasts

Positive 2023 securities market forecasts

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.
Vietnam looks ahead to 2023 climate summit

Vietnam looks ahead to 2023 climate summit

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.
Preserving nature, facilitating business

Preserving nature, facilitating business

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.
AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.
JTI Vietnam commits to net zero greenhouse gas emissions

JTI Vietnam commits to net zero greenhouse gas emissions

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.
Managed security provides IT talent gap solution for businesses in SEA

Managed security provides IT talent gap solution for businesses in SEA

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.
Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.
WHO to share mRNA vaccine technology with VietNam

WHO to share mRNA vaccine technology with VietNam

Vietnam, along with Bangladesh, Indonesia, Pakistan and Serbia will receive support from the World Health Organization (WHO)'s mRNA technology transfer hub in South Africa, announced the World Health Organization (WHO) on February 23.
Welcoming the year of digital data for Vietnam

Welcoming the year of digital data for Vietnam

(VEN) - In 2022, the government assigned more important functions and tasks in digital transformation, government, economy, society, technology, and electronic transactions to the Ministry of Information and Communications.
Hunting for real estate investment opportunities after Tet

Hunting for real estate investment opportunities after Tet

Although the market faced a standstill at the end of 2022, wealthy investors are still hunting for potential business opportunities after the Lunar New Year holiday.
Vietnamese university up 97 places in Webometrics ranking

Vietnamese university up 97 places in Webometrics ranking

Vietnam National University (VNU) - Hanoi climbed 97 places to rank 661st in the latest Webometrics Ranking of World Universities in 2023, which was announced on February 1 by the Cybermetrics Lab, a member of the Spanish National Research Lab.
PM inspects national key transport projects

PM inspects national key transport projects

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.
A great chance to invest in commercial property

A great chance to invest in commercial property

Vietnam's commercial real estate sector is still in its infancy and is mostly focused on Ho Chi Minh City and Hanoi. However, industry analysts assert that the market area has a great deal of untapped potential.
Nestlé Vietnam and the journey to sustainable development

Nestlé Vietnam and the journey to sustainable development

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.
VIMC embarks on strong recovery

VIMC embarks on strong recovery

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.
MM Mega Market launches a new modern Giá tốt business model

MM Mega Market launches a new modern Giá tốt business model

Recognizing changes in shopping behaviors, MM Mega Market has publicly launched its new business model – Giá tốt. Giá tốt is currently present in big cities and provinces in Vietnam with more than 250 Giá tốt partners, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Bien Hoa, Quy Nhon, Buon Ma Thuot, Rach Gia, etc.
PVCFC develops experts’ system

PVCFC develops experts’ system

(VEN) - The PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC) recently held its annual review on accreditation of professionals and on the competency gap for experts at its headquarters in Ho Chi Minh City and Ca Mau Province.
Khmer

Khmer's ginger cake of love and faithfulness

According to legend, the cake is also a symbol of faithfulness between husband and wife.
Dutch diplomat donates Vietnamese paintings to national museum

Dutch diplomat donates Vietnamese paintings to national museum

The ambassador collected the two lacquer paintings Kieu Hanh (Proud) and Nhung Nu Hon Tinh Yeu (Kisses of Love) when she worked in Vietnam from 1997-2001.
Tet impressive in foreign ambassadors

Tet impressive in foreign ambassadors' eyes

Tet (Lunar New Year holiday) is always an interesting experience for foreigners in Vietnam. Enjoying the Tet atmosphere, foreign ambassadors have shared their feelings about the biggest traditional festival in the country.
Norwegian Ambassador experiences Vietnamese Tet traditions

Norwegian Ambassador experiences Vietnamese Tet traditions

Norwegian Ambassador to Vietnam Hilde Solbakken and her family are enjoying a lot of Vietnamese traditions during their first Tet (Lunar New Year) in the country, including “xin chu” (asking for calligraphy from scholars).
Five-day holiday for workers during Reunification Day period

Five-day holiday for workers during Reunification Day period

As the Hùng Kings' festival coincides with Reunification Day and International Workers' Day, workers will enjoy a rare five-day holiday.
Vietnam plans to attract Chinese tourists

Vietnam plans to attract Chinese tourists

Vietnam's tourism industry has targeted to serve about 110 million tourists in 2023, including 8 million foreign visitors.
The lure of Pu Luong

The lure of Pu Luong

(VEN) - Surrounded by high mountains and offering a cool climate all year round, the Pu Luong National Nature Reserve in the northern province of Thanh Hoa offers wild scenery and unique culture.
Tourism is back, big time

Tourism is back, big time

(VEN) - Although it failed to achieve the goal of welcoming five million foreign tourists in 2022, major tourism sector efforts have resulted in its strong recovery during the final months of the year, promising even more positive changes in 2023.
Mobile Version