PM Dung starts visit to Germany

Photo: VGP

The visit aims to promote political relations and mutual understanding and trust while creating substantial moves in economic cooperation and bilateral trade and discussing regional and international issues of mutual concerns.

It is also to realize the Viet Nam-Germany strategic plan of action and promote bilateral cooperation in labour, vocational training, education and other joint projects, as well as to prepare for activities to mark the 40th anniversary of the establishment of diplomatic relations.

The strategic partnership has been deepened in various fields during the past years. The trust and mutual understanding between the two countries have been strengthened through regular exchanges of high-level delegations.

Notably, during German Chancellor Angela Merkel’s visit to Viet Nam in 2011, the two countries’ Government leaders signed the Ha Noi Joint Statement on elevating the bilateral relations to strategic partnership. In 2015, the two countries will celebrate the 40th anniversary of their diplomatic relations.
Economically, the ties have seen positive steps.

Germany has considered Viet Nam as a potential developing market in Asia and has 232 valid projects in the country with a total registered capital of US$1.25 billion, focusing on the production of equipment, energy, chemicals, and pharmaceuticals.

Meanwhile, Germany is the largest trade partner of Viet Nam in Europe, accounting for 19% of Viet Nam's exports to the EU and is also an important gateway for Vietnamese goods to enter other markets in Europe.

The two-way trade revenue increases by over 10% per year and reached US$7.7 billion in 2013 and about US$3.6 billion in the first half of 2014.

As one of the most significant and regular ODA donors to Viet Nam, Germany has provided the country with over US$1.5 billion for ODA projects since 1990 through technical and financial cooperation. The German Government pledged an ODA of nearly US$100 million for Viet Nam in the 2014-2015 period.

In addition, the two countries' co-operation in culture, education, training, tourism, science and technology is also very active. Germany is considered one of the most important markets of Viet Nam's tourism sector with about 100,000 visitors to Viet Nam annually during recent years.

Moreover, the Vietnamese community in Germany number 125,000, forming an effective connection between their host country and the homeland. The second Vietnamese generation in Germany is assumed to integrate successfully to the host country and is valued by host authorities.

With comprehensive outcomes gained in bilateral cooperation and mutual trust and understanding, the visit is believed to elevate the strategic partnership to a new height, contributing to peace, stability, cooperation and development in the world.

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