Deputy Minister of Industry and Trade Nguyen Cam Tu has urged Vietnamese enterprises in Germany to increase investment in their homeland.

Attending the Vietnam Business Association in Germany’s mid-term conference in Berlin on December 21, Tu said that Vietnam’s upcoming joining of a series of free trade agreements and its improved legal framework and customs procedures will create a fabourable conditions for Vietnamese businesses in Germany.

Deputy Minister of Industry and Trade Nguyen Cam Tu (first left) presents the Minister of Industry and Trade’s certificates of merit to outstanding Vietnamese entrepreneurs in Germany

Hailing the important role that the association plays in fostering the unity among Vietnamese firms in the European country, he suggested the association soon issue a business handbook providing information for investors who are keen on the domestic market.

Speaking at the event, Ambassador to Germany Nguyen Thi Hoang Anh lauded the operation of the association as well as its contributions to the growth of the Vietnamese community, including businesses, in the country.

According to Pham Ngoc Ky, Chairman of the association, between 2013-2014, the association organised a number of activities to promote business connection between the two countries, including a Vietnam-Germany business forum with the participation of more than 60 enterprises, a Vietnamese culture festival in Potsdam, and a conference on the Vietnamese community’s integration in Germany.

At the conference, the association also introduced a business handbook with specific information on tax and business procedures for overseas Vietnamese enterprises and households in Germany.

On the occasion, Tu presented the Minister of Industry and Trade’s certificates of merit to Ambassador Nguyen Thi Hoang Anh and Trade Counsellor Nguyen Thien Binh in recognition of their efforts in the organisation of the 14th Asia-Pacific Conference of German Business in Vietnam.

Nine outstanding Vietnamese entrepreneurs in Germany were also honoured by the ministry.

Ambassador Anh also awarded her certificates of merits to 13 outstanding businesspeople who have actively engaged in community activities in Germany.

Source: VNA