Vice Chairman of the HCM City People’s Committee Le Thanh Liem meets Iris Gleicke, Parliamentary State Secretary at Germany’s Federal Ministry for Economic Affairs and Energy on May 11. (Photo: VNA)HCM City (VNA) – Ho Chi Minh City welcomes Germaninvestment in the local high-tech and energy sectors, Vice Chairman of themunicipal People’s Committee Le Thanh Liem said when receiving Iris Gleicke,Parliamentary State Secretary at Germany’s Federal Ministry for EconomicAffairs and Energy on May 11.
He stated Vietnam and Germany share traditional relations,which witnessed increasing visit exchanges between the two respectivehigh-ranking officials in recent years for multifaceted cooperation,particularly in trade.
Liem highlighted 2 billion USD in bilateral trade between thecity and Germany last year, adding that most of the revenue was generated bypartnerships in the high-tech industry – a priority sector of Vietnam.
He said he expects German enterprises to promote trade andinvestment with the Vietnamese side and pledged to create favourable businessclimate for foreign companies, including those from Germany.
Iris Gleicke stressed Germany is always keen on expandingeconomic cooperation with Vietnam.
German firms highly value HCM City’s dynamic growth, shenoted, unveiling that 90 percent of German investment in Vietnam concentrate inthe southern hub.
She said experienced in addressing issues arising from thedevelopment of infrastructure, transport and energy, German enterprises couldsupport HCM City via joint research and training projects, and technologytransfer.
Germany wants to set up a representative office for its businessesin Vietnam soon, the official said.-VNA
VNA
