He made the comment at a meeting with Deputy Prime Minister Trinh Dinh Dung on November 13 while visiting Vietnam.

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Deputy P​M Trinh Dinh Dung (R) shaking hands with Cedrik Neike, member of the Managing Board of Siemens AG. Photo: baochinhphu.vn

In his remarks at the event, Deputy PM Dung affirmed economic ties are the backbone of Vietnam – Germany relations, and the two countries have much potential for further cooperation in the future.

Dung hoped that Siemens, as one of Germany’s largest groups, would continue to help boost bilateral relations, particularly in trade, economics, and investment.

The Deputy PM noted that Vietnam needs to develop its power infrastructure to keep up with economic growth and at the same time, must renovate and develop its power transmission network and enhance technology-based management and operation of the network to ensure safety and cost efficiency.

Siemens has been working in many energy projects with a focus on thermal electricity, providing technical solutions in power network operation and control, Neike said.

He said that the group is looking to expand into the software industry and transportation infrastructure development through offering solutions for smart traffic and smart city management.

Welcoming the plan, Dung added that Vietnam will facilitate investment in machine building, energy, medical equipment and railway.

During the meeting, the Siemens manager hailed Vietnam as a dynamic economy in the region and as a promising market for Siemens’ products with all the hallmarks for the company to expand production for export.

Source: VNA