The Vietnamese Government has taken multiple measures to facilitate the operation of foreign investors, including those from Germany, Deputy Prime Minister (PM) Trinh Dinh Dung affirmed during his visit to the European country from September 22-26.

At meetings with leaders of the Ministry for the Environment, National Conservation, Building and Nuclear Safety (BMUB) and the Ministry for Economic Cooperation and Development (BMZ) of Germany, Dung suggested the two countries encourage German businesses and investors to make the best use of opportunities brought by the EU-Vietnam Free Trade Agreement and other free trade agreements to which Vietnam is a signatory.

Deputy PM Trinh Dinh Dung at a working session with the Ministry for Economic Cooperation and Development (BMZ) of Germany

The move aims to raise two-way trade from USD 8.91 billion in 2015 to USD 15-20 billion by 2020 and German investments in Vietnam to USD 5 billion in the year as consented by the two countries’ leaders, he noted.

He called on German enterprises to invest in such areas as infrastructure, manufacturing, processing, green and renewable energy and environmental technology.

The Deputy PM affirmed that Vietnam always attaches importance to the strategic partnership with Germany, its largest trade partner in the EU.

He proposed Germany assist his country in developing institutions and policies, and building technical standards for environmental protection and climate change response.

He also called for the European country’s support in finance and technological transfer, especially clean and environmentally friendly technologies, and human resources development.

Rita Schwarzeluhr Sutter, BMUB Parliamentary State Secretary, said Germany stands ready to help Vietnam and share its experience in climate change response with the country.

The two sides agreed to enhance their collaboration in waste treatment and the management of land and construction works.

At a meeting with Hans-Joachim Fuchtel, BMZ Parliamentary State Secretary, Deputy PM Dung proposed Germany assist Vietnam in developing highways, especially the North-South Highway, express railways, airports and seaports.

The two sides also discuss solutions to improve the efficiency of official development assistance (ODA).

While in Germany, Deputy PM Dung met with representatives of the Vietnamese businesses here. He had a working session with Siemens Group and visited several energy factories in the country.

Source: VNA