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Investment promotion of Vinh Phuc in the Federal Republic of Germany

Tuesday, 19/09/2017

According to the investment promotion program in some European countries, the investment promotion delegation of our province led by Mr. Tran Van Vinh, the Standing Deputy Secretary of the Provincial Standing Committee, Chairman The provincial People's Council started the visit in Germany on 2017/9/11, and had a meeting with the Embassy of Vietnam in Germany.

The investment promotion delegation had a meeting with the Embassy of Vietnam in Germany


At the meeting, Mr. Doan Xuan Hung, Ambassador Extraordinary and Plenipotentiary of Viet Nam to the Federal Republic of Germany welcomed Vinh Phuc delegation paying a visit to the Embassy. The Ambassador highly appreciated the province's annual investment promotion program, which considered Germany as well as some European countries a potential market which needs to be maintained and promoted investment promotion activities in order to attract high-tech investment projects.

After that, Ambassador Doan Xuan Hung introduced about the strategic partnership between Vietnam and Germany in recent years. Currently, Germany is the biggest trading partner of Vietnam amongst the European Union (EU) ones. By the end of May 2017, the total value of bilateral trade turnover reached USD 3.859 billion. Currently, there are more than 300 small and medium enterprises of German operating in Vietnam.

On behalf of the delegation, Mr. Tran Van Vinh, the Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council thanked Ambassador Doan Xuan Hung and leaders of the Embassy of Vietnam in Germany for supporting the investment promotion activities of Vinh Phuc province in Germany in recent years. He also gave a glimpse about the province's socio-economic development situation and addressed the drastic changes in the provincial direction in improving the province's investment and business environment to attract more FDI projects, including projects of the Federal Republic of Germany.

Mr. Standing Deputy Secretary desired that the Embassy of Vietnam in Germany would be the bridge to provide information about Vinh Phuc and introduce German investors to find out investment environment in the province in such fields as mechanical engineering, production support, assembly of automobiles, motorcycles; electronics, telecommunications, education and training, universities, vocational schools and etc. and other hi-tech fields that Germany has many strengths. He also expected the Embassy to assist the province in vocational training for Vinh Phuc laborers to work in Germany.

Activities of the investment promotion delegation in Germany ended the investment promotion program of the province in three countries: Russia, Italy and Germany. The working program has been implemented in accordance with the investment promotion plan in 2017.

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