Germany's Siemens group has been operating in Vietnam for more than 20 years. (Source: siemens.com.vn)
Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung on July 20 received Lisa Davis, Member of the Managing Board of Siemens AG.
At the reception in Hanoi, Dung praised the dynamic development of Siemens and hoped the corporation would continue making more contributions to the socio-economic development in Vietnam.
Dung said Vietnam is in the process of industrialisation and modernisation with the goal of achieving a high growth rate and rapid development, which require a network of infrastructure and a solid energy industry.
He spoke highly of Siemens’ introduction of advanced technologies for clean energy and renewable energy to Vietnam and recognised the group’s active participation in electricity projects and oil and gas projects.
The Deputy PM recommended that Siemens work with the Ministry of Industry and the Vietnam Oil and Gas Group in order to learn the relevant information and conditions to supply equipment for projects under Vietnam’s laws.
Lisa Davis appreciated the support of the Vietnamese government, ministries and sectors for Siemens, particularly the government’s efforts in enhancing investm🎶ent and the busines𝄹s environment.-VNA
Electricity of Vietnam subsidiary Southern Power Corporation (EVNSPC) and the Siemens Consortium have signed a 15 million USD contract to install an electricity management system by September 2016.
German enterprises are showing an increased interest in the Vietnamese market, proven by their decision to host the Asian-Pacific Conference of German Businesses (APK) in Vietnam this November.
Vietnam’s dynamically growing economy is in need of investments worth billions of USD in infrastructure, renewable energy, transportation, seaport development and other areas, which provides a great opportunity for foreign investors, including Germans, Prime Minister Nguyen Tan Dung said.
The Vietnamese Ministry of Finance and the German Ministry of Economic Cooperation and Development signed a finance cooperation agreement for 2013-2014 in Hanoi on December 2, according the Lao Dong (Labour) newspaper.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Germany's Siemens group has been operating in Vietnam for more than 20 years. (Source: siemens.com.vn)
