Tran Phu Lu, Deputy Director of the Investment and Trade Promotion Centre (ITPC), speaks at the even (Photo: VNA)According toTran Phu Lu, Deputy Director of the Investment and Trade Promotion Centre(ITPC), Germany is Vietnam’s largest European partner, accounting for nearlyone-fifth of its export value to the EU.
Trade betweenthe two countries has doubled since 2010 and increased over 10 percent annually to morethan 10 billion USD. The figure topped 1.5 billion USD as ofFebruary, up 5 percent year-on-year.
Germany nowranks 18th among countries and territories investing in Vietnam, with361 projects from more than 300 enterprises worth over 2 billion USD, primarily inmechanics, machinery, logistics, chemicals, and renewable energy.
Vietnam, meanwhile,has invested in 35 projects in Germany valued at around 250 million USD, focusingon finance-banking, computers, and restaurants and hotels.
Notably, Germanyhas poured investments into key projects in HCM City such as Metro Line No 2and Viet-Duc University.
Hoang Thi Huong,Chief Representative of the Economic Development Agency of the State of Bremenin Vietnam (BremenInvest), highlighted the significant geographical location ofBremen and its cities.
Bremen is aleading industrial hub in Germany and Europe at large, possessing strengths insuch sectors as auto and automation, maritime transportation, logistics,aviation, wind power and renewable energy, seafood processing, and startups,she added.
Delegates at theworkshop agreed that Bremen holds substantial potential for Vietnamese enterprises.
Experts also remindedenterprises to take into account the high-tech content of products andservices, as well as environmental and health issues./.
VNA
