Affirming the importance of deepening relations with Germany in all fields, the PM said he is pleased to see that, after nearly five decades of diplomatic relations and more than a decade of strategic partnership, the nations’ ties have been continuously strengthened and developed, particularly in trade and investment.

Prime Minister Pham Minh Chinh and visiting President and CEO of Siemens Group Roland Busch at their meeting on February 26.

He stated that Vietnam has been improving its institutional system and policies for a better business climate of convenience, equality, safety, stability, and transparency, with commitment to creating favourable conditions for enterprises, including those from Germany like Siemens, to invest and conduct long-term and effective business in the country. Vietnam protects their legitimate rights and interests in all circumstances on the basis of mutual benefits.

Appreciating Vietnam’s potential and business climate, Busch said Siemens has effectively collaborated with the nation in many areas, especially renewable energy and transport.

He highlighted the group’s desire to expand cooperation, investment, and business in Vietnam, particularly regarding digital transformation, green transition, electric car manufacturing, infrastructure for national data centres, and urban and high-speed railway development.

Chinh proposed Siemens promote technology transfer and innovation in Vietnam and support the country in high-quality human resources training, finance, and digital transformation.

The PM hoped the German group will transfer technology for renewable energy development, expand its production and market of electric cars, and establish a research and development centre in Vietnam. He welcomed the company’s cooperation, technology transfer and capital provision to help Vietnam develop its railway system.

Agreeing with Chinh, Busch said Siemens will continue to support the nation in training human resources and its enterprises in going global, while working with local ministries, sectors, and localities to implement specific projects to realise the PM’s recommendations.

Huge potential for fruit and vegetable exports

With robust export of fruits and vegetables, the industry has set a typical example for quick transformation in the context of economic difficulties to tap the potential and expand global reach.

Breakthrough forecast for auto market in H2

The Vietnamese automobile market witnessed a significant sales decline in the first month of 2024, yet businesses and experts forecast that the market may see a breakthrough in the second half of the year.

Vietnam becomes Singapore’s 10th largest trading partner

Vietnam became the 10th largest trading partner of Singapore in January, with two-way trade turnover reaching over 2.9 billion SGD (2.16 billion USD), up 18.08% over the same period last year, according to the Vietnam Trade Office in the island nation.

PM urges upgrading phased expressways

Prime Minister Pham Minh Chinh has urged upgrading expressways that have been put into use and are being invested according to phases in the face of certain shortcomings, including risks of accidents.

Vietnam promotes economic, trade, investment cooperation with Central Asian countries

The Ministry of Industry and Trade (MoIT) will take measures to promote economic, trade and investment cooperation between Vietnam and five Central Asian countries (C5) of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.

Source: VNA