Vietnam News Network

Several German businesses have shown interest in the development and investment environment offered by Ho Chi Minh City, said German State Secretary in charge of the Economics Ministry Hartmut Schauerte.

The German official made this statement while meeting with the city’s leaders on Oct. 7, adding that he fully appreciated the importance and economic potential of the city.

He expressed his wish that the two sides would cooperate to speed up the second phase of a scheme to build a metro system in Ho Chi Minh City. He also placed great value on the Vietnam-Germany University project and expressed his belief that the university would develop quickly to fulfill the aspirations of the two sides.

Hartmut Schauerte went on to state that Germany has plans to build an additional German secondary school in Ho Chi Minh City in 2009.

Secretary of the city’s Party Committee Le Thanh Hai and Chairman of the municipal People’s Committee Le Hoang Quan expressed their hopes that the economic relations between Vietnam and Germany will further develop to match the potential and friendly relationship of the two countries.

The city’s leaders praised the practical results of bilateral ties, proven through cooperation in the fields of economy, education, science and culture. They affirmed that cooperative projects with Germany are valued highly by Ho Chi Minh City.

They announced that the city supported and hoped that the second phase of a project to build a metro system in the city would be carried out soon to contribute to improving the urban transport infrastructure. They expressed their hope that the Vietnam-Germany University would effectively facilitate the training of high-quality human resources for the city.

They added that the city is ready to create favourable conditions for German investors, in particular the projects to build a German secondary school and a German House in the city.