German Businesses Seek to Expand Trade Ties with Vietnam
Germany’s Thueringen State is planning to expand economic and trade ties with Vietnam, according to Thueringen’s Minster of Economics, Labor and Infrastructure Juergen Reinholz.
The foreign minister said that his country will encourage more local businesses to research and export goods to the Southeast Asian nation.
“Thueringen highly valued Vietnam’s fast-growing economy and always attaches special importance to bilateral cooperation with the country,” Juergen Reinholz noted.
Thueringen has set up its representative office (LEG) in Hanoi for two years. Recently, a delegation of 14 Thueringen firms in various fields paid a visit to Vietnam to study investment opportunities in the country, he added.
According to Vietnamese Ministry of Planning and Investment’s Foreign Investment Agency General Director Phan Huu Thang, German companies have so far invested in 94 projects in Vietnam, worth US$426 million.
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