• Linkdin

German firms hopeful of stronger partnership with Vietnam

05 Apr '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

Germany’s business community has high expectations for stronger economic cooperation with Vietnam after phone talks between Communist Party of Vietnam general secretary Nguyen Phu Trong and German Chancellor Olaf Scholz recently. Trade turnover between the two sides investment flows from Germany to Vietnam are expected to be higher this year.

Chief representative of the German Chambers of Commerce (AHK) in Vietnam Marko Walde told a news agency that Germany and Vietnam will jointly develop next strategic plans for the future.

After the COVID-19 pandemic, the two sides can take advantage of the European Union-Vietnam Free Trade Agreement to further foster cooperation, he said, adding that they can also step up partnership in vocational and high-skilled labour training

Horst J Geicke, chairman of the Deutsches Haus (German House) in Ho Chi Minh City said trade turnover between the two countries is likely to rise by 20 per cent this year, and Germany will remain the largest trading partner of Vietnam in the EU.

Fibre2Fashion News Desk (DS)

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