German Investors Eager to Invest in Vietnam's Infrastructure
German investors are extremely keen on investing in infrastructure development projects in Vietnam, said Jan Noether, Chief Representative of German Industry and Commerce in the country at a business forum May 17 in Hanoi.
“Many German businesses investing in China want to find other new Asian markets, including Vietnam”, Noether noted at the forum attracting 100 enterprises of the two countries.
Vietnam is attractive to German companies for its strong economic development and WTO membership, he said, emphasizing that political stability and a young population are also advantages for foreign investors.
At the gathering, Heinz-Werner Frings, General Manager and Regional Asia-Pacific head of NORD/LB Bank revealed that his bank decided to invest in a subway project in the Southeast Asian country.
However, foreign participants suggested Vietnam make greater efforts in educational development to sharpen the capacity of its cheap and abundant labor force.
Twenty companies from Germany’s Lower Saxony state, headed by the State’s Minister of Economy, Labor and Transportation Walter Hirche are attending in the event.
A similar forum will be held in Ho Chi Minh City May 18. (Liberated Saigon, VNA)
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