Page 4 - Marko Walde News Today

HANOI (Reuters) - German Chancellor Olaf Scholz discussed energy and trade ties with Vietnams Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade.

The bilateral strategic partnership between Vietnam and Germany is witnessing a rise in trade and investment, amid investors from the latter showing a growing interest in the former and both nations expecting a brighter cooperation outlook.

October 3 will mark the 32nd anniversary of Germany’s reunification. Marko Walde, chief representative of the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam), writes about how important the Vietnamese market is to German investors.

In recent years, Vietnam has turned into a bright spot for foreign direct investment, especially for German investors, and there are many major reasons why this is the case.

Almost 93% of German companies already operating in Vietnam will continue to invest in the country and over 64% of them expect their business to develop better in the next 12 months, a survey from AHK World Business Outlook–Spring 2022 has revealed.

Due to China's strict zero-COVID policy and disrupted supply chains, more and more German companies in Asia are looking for alternatives and neighboring Vietnam has become a new target, the German weekly business news magazine WirtschaftsWoch wrote in an article published on May 29.

Vietnam economy, Vietnam business news, Vietnamnet global, vietnam news, Vietnam breaking news, Vietnam latest news

Due to China's strict zero-Covid-policy and disrupted supply chains, more and more German companies in Asia are looking for alternatives and neighbouring Vietnam has become a new target, the German weekly business news magazine WirtschaftsWoch wrote in an article published on May 29.

Vietnam has witnessed big strides with the major contributions from foreign investment, while the government vows to continue creating the best conditions for investors

Germanys business community has high expectations for stronger economic cooperation with Vietnam after phone talks between Communist Party of Vietnam general secretary Nguyen...