German machinery firms seek opportunities in Vietnam
The German Machine Tool Builders’ Association (VDW) and the German Chamber of Commerce and Industry (GIC) held a seminar in Ho Chi Minh City on May 14 to discuss Germany’s new inventions in machine tool manufacturing.
HCM City (VNA) – The German Machine Tool Builders’ Association (VDW) and the GermanChamber of Commerce and Industry (GIC) held a seminar in Ho Chi Minh City onMay 14 to discuss Germany’s new inventions in machine tool manufacturing.
LeadingGerman machinery and tool manufacturers introduced their new products andtechnologies, including digital solutions, to Vietnamese firms.
Theyexpressed hope to seek opportunities to export machinery, tools, andtechnologies in service of Vietnam’s major economic fields, such as mechanical engineering,auto manufacturing, aviation, digital technology, and medical equipment.
Chief Representative of GIC in Vietnam Marko Walde describedVietnam as a promising market for Germany on the back of its rapid economicdevelopment, the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) and the European Union–Vietnam Free Trade Agreement (EVFTA).
Statistics showed that last year, Vietnam’s import ofmachinery and tools from Germany surged by 215 percent.
Germany is now the most important partner of Vietnam in theEU, providing the majority of machinery and tools for the Southeast Asiancountry. –VNA
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At the event (Photo: VNA) 
