Siemens CEO urges German firms to invest in Vietnam
CEO of German tech giant Siemens AG and Chairman of the Asia-Pacific Committee for German Business (APA) Joe Kaeser has called upon German firms to invest in Vietnam as part of efforts to diversify supply chains.
Hanoi (VNA) - CEO of German tech giant SiemensAG and Chairman of the Asia-Pacific Committeefor German Business (APA) Joe Kaeser has called upon German firms toinvest in Vietnam as part of efforts to diversify supply chains.
Speaking at an APA teleconference on October 19,Kaeser said that Asia, not just China, is an important investment destination.
He stressed that a number of multinational groups havepoured a great deal into Vietnam while Germany is also stepping up vocationaltraining in the country.
Enterprises, he said, could quickly seek businessopportunities in the country.
German Federal Minister for Economic Affairs andEnergy Peter Altmaier called on German firms in Asia to seek alternatives in diversifyingregional supply chains.
Germany supports globalisation and wants to diversifysupply chains, he said, adding that it needs to build greater resilience to futurecrises.
The APA conference was first held in 1986 with the aimof bolstering economic ties between Germany and the Asia-Pacific.
This year’s discussions focused on the economic toll fromCOVID-19, the modernisation of trade policy to ensure global supply chains, andthe digitalisation strategies in Asia and Europe./.
A conference introducing investment opportunities in Vietnam’s northern province of Vinh Phuc took place in Potsdam city of Germany’s Brandenburg state on August 28.
Vinh Phuc province recently held a seminar in Potsdam city of Germany’s Brandenburg state to introduce investment opportunities in this northern locality of Vietnam.
In 2011, leaders of Vietnam and Germany signed the Hanoi Joint Declaration, upgrading bilateral relations to a strategic partnership, creating a new impetus to promote cooperation between the two countries.
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.
Siemens AG CEO Joe Kaeser (Photo: Getty Images) 
