Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates

Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

Contractors seek German partners   2010-10-29 - VNS

German and Vietnamese businesses in the transport and construction sectors had the opportunity to discuss co-operation at two trade promotion events held in Ha Noi on Tuesday and in HCM City yesterday.

German Trade and Invest, the foreign trade and inward investment promotion agency, and the German Industry and Commerce in Viet Nam provided attendees with information about investment and cooperation and support channels for businesses.

Vietnamese businesses said Germany was a good place for them to do business since 83,000 Vietnamese nationals and 3,300 Vietnamese students live there while German businesses believed they could create links with Viet Nam through the 100,000 Vietnamese who used to study in East Germany.

Last year, Germany was Viet Nam's leading trade partner in Europe, with bilateral trade topping US$4.6 billion, up from a mere $600 million in 2008, Michael Pfeiffer, chief executive of German Trade and Invest, said.

Viet Nam's exports were worth $3.2 billion, mainly from footwear, textile, agricultural, and seafood products.

It paid $1.4 billion to import mostly machinery and industrial equipment.

Considering that the two economies have shown positive signs after recovering from crisis, the German Trade and Invest and the German Industry and Commerce in Viet Nam believed the two countries had plenty of opportunities for economic development.

German businesses expressed interest in investing in transportation and infrastructure in Viet Nam.

Other news

Ministry proposes coffee stockpile   2010-10-29

FPT to become partners with EVN Telecom   2010-10-29

Trade negotiations lead to VN-Index rally   2010-10-29

Viet Nam and Laos sign power agreement   2010-10-29

Investors in VN face ‘challenges, chances'   2010-10-28

Japan rolls out business aid programme   2010-10-28

Intel to open billion-dollar chip plant in Vietnam   2010-10-27

Pressures build though central bank says keep Vietnamese dong stable   2010-10-27

Vietnam auto makers oppose duty cut plan   2010-10-24

Vietnam makes an effort to improve its competitiveness   2010-10-24

World Bank warns of pitfalls despite fast recovery   2010-10-23

Going digital   2010-10-23

Fuel traders tap price stablization fund   2010-10-22

Dung Quat oil refinery – facts and figures   2010-10-19