The meeting between the city leaders and the German Business Association (Photo: VNA)
HCM City (VNA)ꦗ – A delegation of more than 70 German enterprises operating in the automobile industry, manufacturing technology, communications, finance and insurance visited Ho Chi Minh City to seek investment opportunities in the southern hub.
In a meeting with the city leaders on May 16, Chairman of the German Business Association Jens Ruebbert said that Vietnam is among leading destinations for foreign investors, including German enterprises.
With advanced expertise and experience, German businesses hoped to seize investment opportunities in Vietnam, he said.
Chairman of the municipal People’s Committee Le Thanh Liem said that Vietnam-Germany relations have been consolidated in major fields like politics, economics, trade and education, emphasising Germany is an important partner of Vietnam.
Ho Chi Minh City wants to further cooperation with Germany in urban transport, healthcare and education, he added.
According to Vice Director of the municipal Department of Planning and Investment Le Thi Huynh Mai, the city’s socio-economic development plan for 2016-2017 was delivered to the German enterprises.
To help German businesses operate in the city, the Department also introduced measures to address difficulties for the businesses and improve the investment climate, including enhancing trade promotion and attracting investment in sectors that the city is focusing on.
Germany is a large partner of Vietnam in education and training as well as science and technology. German projects implemented in Vietnam include the Vietnam-German University, Phu Lac 1 wind power plant and Ho Chi Minh City’s metro line No.2.-VNA
Measures to boost trade between Vietnam and Germany were discussed during a Vietnam Fatherland Front delegation’s working visit to Germany by that ended on June 30.
International standard Bachelor’s and Master’s degrees were presented to 43 students who have successfully completed programmes offered by the Vietnam-Germany University (VGU).
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
The meeting between the city leaders and the German Business Association (Photo: VNA)
