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Tuesday, May 24, 2022

Strategically partnering with “big names” in Germany, FLC’s ecosystem approaches the EU market

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A range of agreements for strategic partnership between FLC, Bamboo Airways and international partners were registered at the Investment Promotion Forum jointly held by the Vietnamese Embassy in Germany and FLC Group on March 8th, 2022 in Frankfurt (Germany).

Imperative market

Speaking at the event, Mr. Dang Chung Thuy representing the Vietnamese Embassy in Germany indicated that Germany has been Vietnam’s leading trade partner in the EU, and that Vietnam has also strived to become the most significant trade partner of Germany in Southeast Asia after over a decade of strategic cooperation.

Such achievements are made possible owing to the tireless effort in connecting the goverments of the two countries, as well as a strong desire of the business community within each nation for cooperation. In practice, many large enterprises in Vietnam have been increasingly enthusiastic in looking for partnership and collaboration opportunities with the purpose of meeting strict demands of the German and EU markets. A typical example can be seen with FLC Group – a proactive enterprise with significant contribution in the fields of tourism infrastructure, aviation and real estate.

Mr. Dang Chung Thuy, representative of the Vietnamese Embassy in Germany

With regards to the the decision of choosing Germany as the first destination for a series of international promotion activities in 2022, Mr. Trinh Van Quyet, Chairman of FLC Group, emphasized that Germany has established itself as an extremely potential market given a resident community of more than 200,000 Vietnamese people.

“Bamboo Airways has built a bridge that connects Vietnam with the largest airport in Germany. That is Frankfurt Airport. At the moment, Germany and Vietnam have had the pandemic well under control, followed by policies for safe resumption in order to attract investment and place everything back to normal. Since the organization of this event today is considered to be crucial, it should and has to be done,” affirmed Mr. Quyet. The Chairman of FLC Group also revealed that Bamboo Airways will rapidly expand the flight network to other major cities of Germany, and thereby turn the country into one of the most imperative markets of the airline in Europe.

Mr. Trinh Van Quyet, Chairman of FLC Group, speaks at the event

According to Mr. Roft Schulze, Former Ambassador of Germany to Vietnam and President of the German-Vietnamese Friendship Association, FLC and Bamboo Airways have been adequately taking advantage of the opportunities derived from the strategic partnership between Vietnam and Germany. He believes that Bamboo Airways launching the airroute to Frankfurt is a significant factor that allows the relationship between the two nations to further grow.

“I am very delighted, and I have made a request to the Chairman of FLC Grouup that it is of high necessity to launch flights to Berlin and Munich soon. When it happens, I will definitely be the first one stepping on the plane flying from Berlin to Vietnam,” added Mr. Roft Schulze.

Expansion of partnership

At the event, the information associated to FLC’s ecosystem attracted massive attention from senior German leaders, representatives of ministries and the business community.

Answering questions pertaining to the demand for investment cooperation with the German market, Mr. Dang Tat Thang, Vice Chairman of FLC Group, General Director of Bamboo Airways, said that Bamboo Airways and FLC Group wish to partner with German businesses that operate in the five following sectors: M&A and real estate; project engineering and management; real estate distribution; customer search; and travel agency.

Among those, Bamboo Airways has been preparing to open flights to Berlin and Munich in order to foster tourism cooperation between Germany and Vietnam. Cargo flight network is also expanded by the airline to provide access for more German products to Vietnam, and in the reversing way that sees agricultural products of Vietnam can improve access to Germany, which is considered as the most potential market in Europe.

Many German investors express interest in the investment towards tourism and resort real estate in the emerging market of Vietnam

Expressing interest in the investment towards tourism, resort real estate in the emerging market of Vietnam, many German investors asked about investment attraction-related policies as well as necessary assistance from FLC Group for them in such market segments.

According to Mr. Dang Tat Thang, many projects of FLC have contributed to activating the tourism potentials in the emerging market, and correspondingly resulted in massive benefits for the investors. FLC has been active in investment research and legal promotion process for more than 300 projects all over Vietnam. Mr. Thang indicated that this is a true opportunity for German investors to engage in project development, management and operation across the resort complexes that possess the most comprehensive investment in Vietnam.

In further support of the aforementioned indication, Mr. Trinh Van Quyet, Chairman of FLC Group, reckoned that German businesses that wish to invest in the Vietnamese market must consider the comprehension of investment policies and procedures in the host country to be vital.

Given the experience in the investment in 58 cities and provinces in Vietnam, FLC is ready to provide necessary assistance and consultation for effective investment in Vietnam in all sectors. “We want German businesses to have a better view and understanding of Vietnam’s 100-million-strong market, one of the most attractive markets in Southeast Asia,” shared the Chairman of FLC Group.

Mr. Trinh van Quyet, Chairman of FLC Group, speaks to guests at the event

Collaborating with many strategic partners

At the event, three important signings were also carried out between Bamboo Airways and strategic partners based in Germany. These include AVIAREPS Group – general agent of Bamboo Airways in Germany; AIA (Airbridge International Agencies) – general cargo agent of Bamboo Airways in Germany; and Lufthansa Technik – technical company owned by Lufthansa, Germany’s largest aviation enterprise.

After the event, it is expected that Bamboo Airways will continue registering partnership with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) for engine support and maintenance.

Three important signings are executed between Bamboo Airways and its strategic partners in Germany

Once completed, the agreements will act as a solid foundation allowing Bamboo Airways to improve the service quality, and simultaneously promote its activities in a powerful manner within the German market in particular and Europe in general.

The investment promotion week organized by FLC Group in Germany is the start of many international promotion activities that have been planned for 2022. The next important event is going to be the Vietnam Week in the UK, held at the end of March.

Previously, a number of large-scale roadshows were consecutively organized by FLC in the U.S., Singapore, Korea and Japan markets throughout the period 2017 – 2019 and had witnessed great attention from partners and investors. Importantly, these roadshow events have set a platform for FLC’s journey to connect and promote investment in key international markets.

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