Hamburg workshop spotlights chances in Vietnam for German investors
The Hamburg Chamber of Commerce and Industry (IHK) and the German Asia-Pacific Business Association (OAV) held a workshop on investment in Vietnam on December 5, attracting about 50 major enterprises from the German city and nearby areas.
The workshop in Hamburg on December 5 (Photo: VNA)
Berlin (VNA) – The HamburgChamber of Commerce and Industry (IHK) and the German Asia-Pacific Business Association(OAV) held a workshop on investment in Vietnam on December 5, attracting about50 major enterprises from the German city and nearby areas.
Addressing the event held at the IHKheadquarters, Vietnamese Ambassador to Germany Vu Quang Minh highlighted someoutstanding outcomes of German Chancellor Olaf Scholz’s recent visit toVietnam, noting the trip showed that Germany views Vietnam as a trustworthypartner in not only politics and security but also economy, trade, andinvestment.
Amid numerous global uncertaintiesand German enterprises’ intention to diversify business ties, Vietnam is one ofthe leading and trustworthy destinations for investors, he went on, suggestingthe two sides expand partnerships to renewable energy, green technology,digital economy, sustainable development, environment, farm produce processing,manufacturing, IT, pharmaceutical production, health care, and other keysectors of Germany.
By the end of September, Germany had436 FDI projects worth 2.34 billion USD in Vietnam, according to Counsellor incharge of investment Nguyen Manh Hai at the Vietnamese Embassy.
He noted the Southeast Asian countryis attracting more foreign investors thanks to low labour costs, an abundantworkforce, good production capacity, and incentives for businesses.
Talking about some advantages making Vietnamattractive to German firms, Regional Manager for ASEAN at OAV Daniel Marek saidVietnam has posted fast growth despite global economic difficulties during theCOVID-19 pandemic. Some of its key industries include textile - garment,footwear, electronics, and farm produce; while it imports mainly machinery,pharmaceuticals, and equipment from the European nation.
Bilateral trade reached 14.5 billionEUR (15 billion USD) in 2021, including 10.7 billion EUR in Germany’s importsfrom Vietnam.
At the workshop, representatives ofsome German businesses like TESA and the German Investment and Development Corporation(DEG) shared experience in operating in Vietnam and also pointed out several issuesrelated to production and business there./.
Vietnam’s export turnover to Germany enjoyed a year-on-year surge of 30.5% to 7.6 billion USD in the first 10 months of this year, according to the Ministry of Industry and Trade.
The People’s Committee of Binh Dinh province and the German Industry and Commerce Delegation in Vietnam held a conference on November 21 to promote the European country’s investment in the central locality.
Vietnamese Minister of Justice Le Thanh Long met his German counterpart Marco Buschmann on November 24 to discuss boosting bilateral ties in the field.
A Hanoi delegation led by Deputy Secretary of the municipal Party Committee Nguyen Thi Tuyen has visited Germany, aiming to boost the friendship and cooperation with Berlin.
Vice Chairman of the People's Committee of Ho Chi Minh City Duong Anh Duc on November 29 hosted a reception for a visiting delegation of German businessmen and investors led by Torsten Bonew, First Deputy Mayor of Leipzip city.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
The workshop in Hamburg on December 5 (Photo: VNA) 
