Vietnam to Lure More Investment from German Firms

German firms, which are currently touring Vietnam, expressed at the 6^th Vietnam-Germany Business Forum held in Hanoi on March 27 that they are keen on investing in the fields of infrastructure, mechanical engineering, bio-technology, energy, food processing industry, environment, shipbuilding, IT and telecom in Vietnam.

 

They, however, also proposed suggestions on conditions for penetrating the market, as well as on taxes, labor codes, management and legal procedures, fees and operation costs, infrastructure, energy, banking and finance.

 

About 100 German firms and 60 Vietnamese enterprises joined the forum, which is held every two years for investment promotion between the two countries.

 

Speaking at the event, the leader of the visiting delegation Mathias Claussen said many German businesspeople have considered Vietnam as a potential market and have been sanguine about long-term investment opportunities in Vietnam.

 

He also affirmed that Germany is willing to become an important partner in using its prestige, influence and cutting-edge technologies to assist Vietnam.

 

The German mission is scheduled to have meetings with many other Vietnamese small and medium enterprises in Hanoi and Ho Chi Minh City until March 30.

 

Germany now ranks fifth among the 25 EU countries and 20^th among 69 countries and territories in the world investing in Vietnam, with 69 valid projects registered at US$343.5 million.