PM calls for more investment from leading German businesses

Prime Minister Nguyen Xuan Phuc visits a gas turbine manufacturing factory of Siemens Group (Photo: VNA)

Berlin (VNA) – Prime
Minister Nguyen Xuan Phuc had a dialogue with leading German businesses
operating in various fields such as information-technology, finance, healthcare,
agriculture, and hi-tech industry in Berlin in July 6.

The PM said Vietnam is a dynamic economy with
rapid growth, stable macro-economy, and favourable business environment, adding
that the country is shifting economic
growth to high-added value sectors, and has joined many new-generation free
trade agreements.

He went on to say that Vietnam has abundant and
young human resources, who are quick to master the latest technologies. The
country is among the top 10 in Asia-Pacific and top 30 in the globe in software

Phuc also stressed that Germany
is one of the prioritised partners of Vietnam in the fourth industrial
revolution, noting that many German
businesses are operating effectively in Vietnam, contributing to raising
bilateral trade to over 9 billion USD.

Therefore, Vietnam and Germany could promote
cooperation in such potential arenas as trade, investment, training, energy,
tourism, and information technology, the PM suggested.

At the dialogue, German firms expressed their wish
to cooperate with Vietnam in the fields of healthcare, education, training,
hi-tech agriculture, renewable energy, and smart power-saving solutions.

Cedrik Neike from Siemens said his company is
keen to partner with Vietnam in the provision of green energy and healthcare

Siemens and other German firms
also want to join the underground project in Ho Chi Minh City and the manufacturing
of gas-fuelled turbines in Vietnam, he added.

Meanwhile, chief financial officer of Bayer
Healthcare Pharma Julio Triana, said the company has been present in Vietnam for
20 years and hopes to make stronger investment in healthcare and agriculture.

Chief executive officer of Philips Lighting DACH
Karsten Vierke affirmed his company’s wish to invest in human resources training,
develop smart city using the company’s latest technology which can save up to
65 percent of electricity.

Prime Minister Nguyen Xuan Phuc hailed this idea
and hoped the Philips Lighting DACH will soon cooperate with Vietnam to implement
its project in major cities.

The PM also welcomed the German investor Deustche
Bank to invest in the field of finance and stock markets.

He appealed for German
investment in improving healthcare services in Vietnam, including the
production of high-quality medicines at reasonable prices.

Answering a query on Vietnam’s long-term policy
to develop renewable energy, the PM said he has signed an important decision to
adjust the price of solar electricity to 9.35 cent per one kWh. 

Vietnam boasts huge potential in renewable
energy and hopes German investors will consider investment in the country, he

The same day, PM Phuc visited
a gas turbine manufacturing factory of Siemens Group – which has been present
in Vietnam since 1979 and participated in many important infrastructure
projects and other fields such as electricity, mechanical engineering and
healthcare equipment production.-VNA

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