German businesses are keen to collaborate with Vietnamese partners involved in the production of chemicals and additives.
HA NOI (Biz Hub) — German businesses are keen to collaborate with Vietnamese partners involved in the production of chemicals and additives.
This observation was revealed at a Germany-Vietnam business forum held by the Germany Chamber of Industry and Trade in HCM City, on Thursday.
Business executives discussed collaboration to expand their firms' production, open representative offices, and expand the market share of German businesses in Viet Nam.
The event provides an opportunity for the local companies to establish new joint ventures, access new sources of investment, and gather useful information on the European market.
By the end of 2013, Germany, Viet Nam's 22nd largest investor, had invested in more than 200 projects in the country, with a registered capital of over US$1.1 billion.— VNS
Trà Vinh Province is focusing on helping local businesses promote and sell their products towards the end of the year, especially exploiting favourable policies brought by Việt Nam’s free trade agreements with foreign markets, such as the UKVFTA, CPTPP and EVFTA.
Coconut has been recognised as one of Việt Nam''s six key industrial crops (alongside coffee, rubber, tea, cashews, and pepper) under the Master Plan for Developing Key Industrial Crops by 2030.
There is a huge potential to produce electricity here not only for the needs of Việt Nam but also for the needs of surrounding countries in Southeast Asia, said EU Ambassador Julien Guerrier.
The country needs a comprehensive strategy that would involve inter-sectoral and interregional cooperation, promote innovation in production and foster a green, environmentally friendly economy with active participation from businesses, households, and individuals.
The PM said that it would require the participation of the entire political system, the engagement of people, businesses, and investors, and the support of international friends to develop the industry.
