Thuringen State Business Delegation of Germany, Giza Group Sign MOU for Industrial Sector Investment in Vietnam

9:29:49 AM | 11/8/2023

Thuringen State Business Delegation of Germany, Giza Group Sign MOU for Industrial Sector Investment in Vietnam On November 7, 2023, a memorandum of understanding (MOU) was signed between the Thuringen state Business delegation of the Federal Republic of Germany and GIZA Group at the Bac Lam Thao Industrial Cluster in Phu Tho province.

The MOU aims to promote investment and economic cooperation in the industrial sector in Vietnam. The signing ceremony took place within the framework of the working visit to Vietnam of Thuringen State Premier Bodo Ramelow.

The visit to Vietnam of the Thuringen State delegation of the Federal Republic of Germany, led by Mr. Thuringen State Premier Bodo Ramelow, took place from November 6th  2023 to November 10th  2023. Prime Minister Ramelow was accompanied by Ms. Heike Wener, Minister of Labor, Health, Social Affairs and Family of Thuringen state and Mr. Carsten Feller, Secretary of State, Ministry of Economy, University, Tourism, and Digital.

The Premier of Thuringen state had an official visit and working session with the Chairman of the People's Committee of Phu Tho province and representatives of the province's Department of Planning and Investment, raising issues about cooperation in many aspects and promoting investment of state enterprises in the province. A typical activity is the signing ceremony of a cooperation agreement at Bac Lam Thao Industrial Cluster invested by GIZA Group.

The ceremony took place successfully with the participation of Chairman of the Chamber of Commerce and Industry of South Thuringen Mr. Tosten Herrmann, CEO of Intercus GmbH Co., Ltd. Mr. Thomas Busch, General Director of Giza Group Mr. Ngo Huu Hoang . The ceremony marked the cooperation between Hehnke Co., Ltd. and Haast Vietnam Industry Co., Ltd. in the production of automobile components for export; between Intercus GmbH LLC and Giza Vietnam Design & Construction Joint Stock Company in investing in medical equipment production infrastructure.

Hehnke GmbH Company is a company specializing in the field of industrial production with more than 25 years of experience in the plastic equipment manufacturing industry using injection molding technology. Hehnke specializes in providing electrical engineering and automation solutions to various industries, including manufacturing, construction, energy and transportation.

Intercus was established in 2003 in Germany, is a manufacturer, researcher of development and design of medical technical products used in the field of orthopedic injuries and accidents. The company's products are manufactured and meet European quality standards in the medical field. In addition, Intercus Company has won many prestigious awards for quality and product development from the state of Thuringia and prestigious medical associations in Germany.

GIZA Group is a prestigious Vietnamese Industrial Group operating in three main fields: Industrial Construction (GIZA E&C), Industrial and Urban Real Estate (BSM Holdings), Industrial Production (Haast Industry) . Giza Group aims to fully meet the needs of foreign investors when investing in production and business in the Vietnamese market.

At the signing ceremony, CEO of Intercus GmbH Co., Ltd. Mr. Thomas Busch, said "This cooperation agreement is an important step in promoting the relationship between Germany and Vietnam. We believe that this agreement will create favorable conditions for German businesses to invest and do business in Vietnam, while contributing to strengthening cooperation between the two countries in other fields."

Mr. Ngo Huu Hoang, General Director of Giza Group, said "We are very honored to sign this cooperation agreement with Intercus Company. We believe that this agreement will open up many new opportunities for Giza Group in cooperating with German businesses and contributing to promoting Vietnam's economic development."

This signing ceremony is an important milestone in the cooperative relationship between Vietnamese and European businesses, especially Germany ones which show a deep interest in the potential Vietnamese market. European businesses are always highly appreciated for their transparent capital sources, modern technological capabilities and effective production management. Therefore, the signing of a cooperation MOU by the German Business Group with GIZA Group in both the fields of Production and Infrastructure is a positive signal in attracting high-quality capital investment into Vietnam in general and Phu Tho province with Bac Lam Thao Industrial Cluster in particular, thereby affirming the reputation, quality and capacity to meet international cooperation of Vietnamese enterprises.

This is also an opportunity for GIZA Group to access and transfer advanced technology, train high-quality human resources, learn from partners' experiences, and open up opportunities to contact the European market, an economic region. world prosperity. From there, they can improve their competitiveness and international economic integration, reaching out to fulfill the Group's Mission.

In parallel with the opportunities and problems facing Vietnamese businesses like GIZA group, it is necessary to perfect their management capacity, coordination and production processes to meet international standards from partners.

By Vietnam Business Forum