German Chancellor’s visit to Vietnam helps upgrade bilateral relations: expert
German Chancellor Olaf Scholz’s upcoming official visit to Vietnam will offer a good opportunity for the two countries to further beef up their bilateral relations, an expert from the German Asia-Pacific Business Association (OAV) has said.
German technologies introduced at a festival in Ho Chi Minh City in November 2020 (Photo: VNA)
Berlin (VNA) - German Chancellor Olaf Scholz’s upcoming official visit to Vietnam will offer a good opportunity for the two countries to further beef up their bilateral relations, an expert from the German Asia-Pacific Business Association (OAV) has said.
In a recent interview to the Vietnam News Agency, Dr. Daniel Muller, regional manager for ASEAN of the OAV, said for in the German Government's Asia-Pacific policy at present, Vietnam is one of the countries selected in an open and ongoing debate in Germany about which countries Germany will choose for closer cooperation in the future.
Vietnam's increasingly important position in ASEAN also makes it a much-needed partner for Germany, he said, adding that good cooperation with Vietnam can promote stability and peace throughout Southeast Asia.
According to the expert, Vietnam is a very attractive market, where many cooperation opportunities and economic potentials have not been fully exploited, and the Vietnamese market can make an important contribution to the goal of diversifying activities of German businesses in Asia.
Regarding the free trade agreement between the European Union and Vietnam, Müller said it has importantly contributed to the rapid growth in two-way trade in recent times.
Efforts of German enterprises to increase their participation in the Vietnamese market, as well as Vietnamese fims’ endeavour to make inroads into the German market, show that economic and trade relations between the two sides will become stronger in the near future, he said, adding that the deepened political ties between the two countries will also contribute to this.
According to Müller, German businesses are seeking to gradually exploit more and more potential of the Vietnamese market, and further increase their investment in the Southeast Asian country, especially in medical technology, energy, infrastructure or labour-intensive industries.
Vietnam should pay more attention to accelerating institutional reform in order to increase the efficiency of management and economic development, he went on./.
Party General Secretary Nguyen Phu Trong and German Chancellor and leader of the German Social Democratic Party Olaf Scholz agreed to direct the promotion of the countries’ cooperation in the fields of mutual interest in their telephone conversation held on March 31.
President Nguyen Xuan Phuc has sent greetings to his German counterpart Frank-Walter Steinmeier on the occasion of the 32nd German Unity Day (October 3, 1990-2022).
German Chancellor Olaf Scholz’s official visit to Vietnam from November 13-14 will open up a new chapter in the two countries’ friendship and cooperation, showing the joint commitment and determination to lift the ties to a new height.
German Chancellor Olaf Scholz will pay an official visit to Vietnam from November 13-14 at the invitation of Vietnamese Prime Minister Pham Minh Chinh.
German media has spotlighted Chancellor Olaf Scholz’s upcoming visit to Vietnam from November 13-14, affirming that this will be a good opportunity for the two countries to further strengthen their strategic partnership.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
German technologies introduced at a festival in Ho Chi Minh City in November 2020 (Photo: VNA) 
