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Vietnam, Germany ink deals worth 1.5 billion euros
Truc Diem
Tuesday,  Jul 11, 2017,00:17 (GMT+7)

Vietnam, Germany ink deals worth 1.5 billion euros

Truc Diem

<table align="left" cellpadding="0" cellspacing="0" class="sgtoimageleft" style="margin-bottom:8px" width="100%"> <tbody> <tr> <td align="center"> <img alt="" class="sgtoimageleft" rel="POPUP,600,400" src="/Uploads/Articles03/54920/415b9_deal_germany.jpg" style="WIDTH: 200px" /></td> </tr> <tr> <td class="sgtoimageleft"> Vietnam&rsquo;s PM Nguyen Xuan Phuc and German Chancellor Angela Merkel pose for photos at the G20 summit in Hamburg, Germany last week. A total of 28 deals worth 1.5 billion euros were struck on the occasion of PM Phuc&rsquo;s visit to Germany for the G20 summit - PHOTO: TTXVN</td> </tr> </tbody> </table> <p align="left" class="SGTOSummary"> HANOI &ndash; A total of 28 deals worth more than 1.5 billion euros were struck during Prime Minister Nguyen Xuan Phuc&rsquo;s visit to Germany for the G20 summit.</p> <p> During talks between him and German Chancellor Angela Merkel in Hamburg on July 6, the two leaders expressed satisfaction with the outcome of the Vietnam-Germany Business Forum where the 28 agreements were signed in fields such as air transport, renewable energy, and information technology.</p> <p> PM Phuc proposed the German side encourage small and medium enterprises to invest in Vietnam, especially in the fields of their strength like supporting industries, railway, tourism infrastructure, logistics, renewable energy and food.</p> <p> He affirmed Vietnam will create transparent and favorable conditions for foreign investors, including from Germany, to do long-term business in the country.</p> <p> Vietnam has been supporting the Germany House project in HCMC, which will be up and running in the third quarter of this year, he said.</p> <p> Germany is the Southeast Asian nation&rsquo;s top European Union trade partner, with bilateral trade having hovered around US$9 billion in recent years. Germany is the fifth largest foreign investor in Vietnam with total registered capital of US$1.4 billion.</p> <p> PM Phuc also met Brigitte Zypries, Federal Minister for Economic Affairs and Energy.</p> <p> He said Vietnam is in the process of completing procedures for the EU-Vietnam free trade agreement. The deal is intended to open up plenty of opportunities for German companies to set up shop in Vietnam.</p> <p> &ldquo;Vietnam is pushing through much-needed reforms, creating the best legal environment for domestic and international investors,&rdquo; he noted.</p> <p> The PM suggested the German government support Vietnam in attracting foreign investors in a bid to meet its sustainable development goals, particularly in the fields of mechanical engineering, automation, vocational training, and higher education.</p>
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