Hybrid conference on investment opportunities for German businesses opens

Binh Dinh People’s Committee in collaboration with the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam) on November 21 organized a hybrid conference on investment opportunities for German businesses.

At the conference

The event aimed at promoting Binh Dinh’s strong business and investment environment to attract more German investors.

The participants at the conference

Speaking at the conference, Binh Dinh’s Party Chief Ho Quoc Dung stressed the importance of the relationship between Vietnam and Germany, particularly German Chancellor Olaf Scholz’s trip to Vietnam last week, setting up a solid foundation for two sides’ cooperation in the future.

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Binh Dinh Province’s Party Chief Ho Quoc Dung speaks at the conference.

Binh Dinh now sees 4 projects invested by German companies, with the registered investment capital of US$55 million, including a thin film factory by Kurz International Holdings GMBH from Germany and an offshore wind power project by PNG Group of Germany.

Party Chief Dung said that the conference is another opportunity to promote the province’s potential and advantages for further development with German businesses.

The Deputy Head of the German Embassy Hanoi, Simon Kreye, confirmed that German entrepreneurs have focused on operation in Ho Chi Minh City and Hanoi for years and now they will continue expanding to other provinces and cities, including Binh Dinh.

He also stressed the guarantee of legal procedures for investors, which is also a big challenge for foreign companies in Vietnam. Binh Dinh Province is, thus, required to have specific commitments.

The Chief Representative of AHK Vietnam Marko Walde highly valued the position of Vietnam in ASEAN and  Vietnam is a right choice for German investors as a destination.

The Chief Representative of AHK Vietnam Marko Walde highly values Vietnam’s environment.

“I have visited Binh Dinh many times. It has the great infrastructure, particularly Quy Nhon seaport with a good logistics system,” he said. “These factors are important for German businesses to invest in Binh Dinh”.

Binh Dinh News