Vietnam is accelerating the equitisation of State-owned enterprises,offering a number of opportunities for international investors,including German investors, to become shareholders and partners inVietnamese businesses, Prime Minister Nguyen Tan Dung informed theVietnam-Baden Wuerttemberg Economic Forum on October 14.
Speaking at the forum as part of his official visit to Germany, theVietnamese Government leader called for investments in infrastructureupgrades and public services provision via public-private partnerships(PPP), since Vietnam urgently needed capital to implement projects onelectricity and renewable energy, urban transport, and sea and airports.
Vietnam and Germany enjoy a long-standingcooperative relationship, which continues to grow in all areas. Germanyis now Vietnam’s largest trade partner in Europe, with bilateral tradereaching almost 8 billion USD in 2013, accounting for more than 20percent of the total turnover between Vietnam and the EU.
It is also one of the biggest providers of official development assistance (ODA) for Vietnam.
Vietnam welcomed investments from Germany in high-quality, high-techand environmentally-friendly projects, the PM said, adding that leadingGerman companies, such as Siemens, Mercedes-Benz, Adidas and Allianz,were already successfully operating in Vietnam.
However, Germany’s investment potential in Vietnam is still not fullyexploited, he stated. Germany ranks fifth out of the 23 Europeancountries that invest in Vietnam with 232 projects worth nearly 1.5billion USD.
He suggested the two sides step uptheir efforts in the fields of business and investment and utilise theirrespective strengths and potential in order to meet their cooperationgoals.
Earlier that day, Prime Minister Dung metwith Minister President of Baden Wuerttemberg Winfried Kretschmann, whoexpressed his wish to boost linkages between Baden Wuerttemberg andVietnamese localities, particularly in the fields of education andtraining, and manufacturing.-VNA
Speaking at the forum as part of his official visit to Germany, theVietnamese Government leader called for investments in infrastructureupgrades and public services provision via public-private partnerships(PPP), since Vietnam urgently needed capital to implement projects onelectricity and renewable energy, urban transport, and sea and airports.
Vietnam and Germany enjoy a long-standingcooperative relationship, which continues to grow in all areas. Germanyis now Vietnam’s largest trade partner in Europe, with bilateral tradereaching almost 8 billion USD in 2013, accounting for more than 20percent of the total turnover between Vietnam and the EU.
It is also one of the biggest providers of official development assistance (ODA) for Vietnam.
Vietnam welcomed investments from Germany in high-quality, high-techand environmentally-friendly projects, the PM said, adding that leadingGerman companies, such as Siemens, Mercedes-Benz, Adidas and Allianz,were already successfully operating in Vietnam.
However, Germany’s investment potential in Vietnam is still not fullyexploited, he stated. Germany ranks fifth out of the 23 Europeancountries that invest in Vietnam with 232 projects worth nearly 1.5billion USD.
He suggested the two sides step uptheir efforts in the fields of business and investment and utilise theirrespective strengths and potential in order to meet their cooperationgoals.
Earlier that day, Prime Minister Dung metwith Minister President of Baden Wuerttemberg Winfried Kretschmann, whoexpressed his wish to boost linkages between Baden Wuerttemberg andVietnamese localities, particularly in the fields of education andtraining, and manufacturing.-VNA
