The PM said Vietnam is a dynamic economy with rapid growth, stable macro-economy, and favorable business environment, adding that the country is shifting economic growth to high-added value sectors, and has joined many new-generation free trade agreements.

He went on to say that Vietnam has abundant and young human resources, who are quick to master the latest technologies. The country is among the top 10 in Asia-Pacific and top 30 in the globe in software outsourcing.

PM Nguyen Xuan Phuc visits a gas turbine manufacturing factory of Siemens Group.
Phuc also stressed that Germany is one of the prioritized partners of Vietnam in the fourth industrial revolution, noting that many German businesses are operating effectively in Vietnam, contributing to raising bilateral trade to over USD 9 billion.

Therefore, Vietnam and Germany could promote cooperation in such potential arenas as trade, investment, training, energy, tourism, and information technology, the PM suggested.

At the dialogue, German firms expressed their wish to cooperate with Vietnam in the fields of healthcare, education, training, hi-tech agriculture, renewable energy, and smart power-saving solutions.

Cedrik Neike from Siemens said his company is keen to partner with Vietnam in the provision of green energy and healthcare services.

Siemens and other German firms also want to join the underground project in Ho Chi Minh City and the manufacturing of gas-fueled turbines in Vietnam, he added.

Meanwhile, chief financial officer of Bayer Healthcare Pharma Julio Triana, said the company has been present in Vietnam for 20 years and hopes to make stronger investment in healthcare and agriculture.

Chief executive officer of Philips Lighting DACH Karsten Vierke affirmed his company’s wish to invest in human resources training, develop smart city using the company’s latest technology which can save up to 65 percent of electricity.

Prime Minister Nguyen Xuan Phuc hailed this idea and hoped the Philips Lighting DACH will soon cooperate with Vietnam to implement its project in major cities.

The PM also welcomed the German investor Deustche Bank to invest in the field of finance and stock markets.

He appealed for German investment in improving healthcare services in Vietnam, including the production of high-quality medicines at reasonable prices.

Answering a query on Vietnam’s long-term policy to develop renewable energy, the PM said he has signed an important decision to adjust the price of solar electricity to 9.35 cent per one kWh.

Vietnam boasts huge potential in renewable energy and hopes German investors will consider investment in the country, he said.

The same day, PM Phuc visited a gas turbine manufacturing factory of Siemens Group, which has been present in Vietnam since 1979 and participated in many important infrastructure projects and other fields such as electricity, mechanical engineering and healthcare equipment production.

Source: VNA