Vietnam, Germany Sign US$2.4Bln Deals During PM Dung's Visit

Vietnamese Prime Minister Mar 7 witnessed signing of US$2.4 billion deals between Vietnamese and German companies and groups at the Vietnam-Germany Business Forum.

 

The deals included a deal between Vietnam Airlines, the Bank for Investment and Development of Vietnam (BIDV), Petro Construction Corporation and German Bitgevin company to build a $1.5 billion urban center of Xuan Phuong, a $400 million contract between Vinashin and StA Holing Management to buy ships, an advising deal to issue $500-million bonds between Vietnam Textile and Garment Group (Vinatex) and Deutsche Bank, the Vietnam News Agency said.

 

Earlier, Mr. Dung affirmed 300 German firms at the business forum at Frankfurt that Vietnam will finalize its commitments with international donors and pushing completion of the legal framework of the market economy.

 

PM Dung noted Vietnam will strictly finalize its WTO commitments in opening the market, particularly in retail, financial, telecom and banking fields.

 

On the same day, Dung attended Frankfurt’s Securities Exchange and an inauguration ceremony of General Consulate in the city. (Investment, VNS)