Germany’s Bremen State seeks stronger economic ties with Vietnam
Germany’s Bremen State and Vietnam see great potential for cooperation in trade, high technology, renewable energy, seaport, and vocational training, heard a conference held in Bremen, Germany.
Vietnamese Ambassador to Germany Doan Xuan Hung at a working session with Bremen Senator of Economic Affairs Martin Gunthner in February 2017 (Source: VNA)
Berlin (VNA) – Germany’s Bremen State and Vietnam seegreat potential for cooperation in trade, high technology, renewable energy,seaport, and vocational training, heard a conference held in Bremen, thelargest port city in northern Germany, on May 17.
At the event, titled “Vietnam – future market of Bremen’seconomy”, experts and representatives from Bremen State’s Ministry of Economy,Labour and Port, and Chamber of Commerce and Industry, as well as about 50enterprises from the state and neighbouring areas, spoke highly of Vietnam’sinfrastructure,human resources and investment support.
Bremen’s economic experts highlighted the northern port cityof Hai Phong as an attractive investment destination in Vietnam thanks to itsfavourable transportation with a highway system linking with Hanoi, airportsand industrial parks. Hai Phong and Bremen also share many similarities, theysaid.
Businesses’ queries on administrative procedure andnon-official fees were thoroughly answered.
The experts also pointed out a number of Vietnam’s weaknessessuch as poor capacity in investment promotion.
Addressing the event, Vietnamese Ambassador to Germany DoanXuan Hung updated the participants on the political and economic situation ofVietnam as well as the Vietnam-Germany partnership in economy and trade.
He said economic and trade cooperation between the twocountries has yet to meet potential as two-way trade reached only 10 billion USD,accounting for under 0.4 percent of Germany’s foreign trade revenue, and Germaninvestment in Vietnam was just 1.4 billion USD.
He also lauded Bremen’s efforts to promote economic ties withVietnam.
Bremen has planned to launch its representative office inVietnam. Earlier in November 2016, Bremen Senator of Economic Affairs MartinGunthner also led a delegation of 30 local enterprises to Vietnam to seekpartnership opportunities.-VNA
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Vietnamese Ambassador to Germany Doan Xuan Hung at a working session with Bremen Senator of Economic Affairs Martin Gunthner in February 2017 (Source: VNA) 
