Promoting co-operation between Germany, Serbia, and Vietnam

Mai Vu Minh, chairman of SAPA Thale group, and Dac Nghiep, CEO of SAPA Thale and German congressman, on their working visit to the Republic of Serbia

According to the Ministry of Foreign Affairs of the Republic of Serbia, accepting the invitation of First Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Serbia, Ivica Dačić, at the beginning of June 2019, billionaire Mai Vu Minh and Nguyen Dac Nghiep and other leaders of the group paid a working visit to the Republic of Serbia.

This trip is within the framework of the programme on bilateral investment cooperation between SAPA Thale group and the government and leading enterprises of the Republic of Serbia.

The potential areas for investment co-operation in the programme include finance-banking, high technology, infrastructure development, environment, energy, transportation, real estate, hotels and tourism, agriculture, as well as sports not only in Serbia, Vietnam, and Germany, but also in Bosnia-Herzegovina, Japan, China, the UAE, and many other countries around the world.

In 2017, First Deputy Prime Minister and Foreign Minister of the Republic of Serbian Ivica Dačić paid an official visit to Vietnam and met with Prime Minister Nguyen Xuan Phuc.

First Deputy Prime Minister and Minister for Foreign Affairs of the Republic of Serbia Ivica Dačić visited Vietnam and met with Prime Minister Nguyen Xuan Phuc. The two sides agreed to promote trade and economic co-operation and become a commercial link with countries in the region

At the meeting, Dačić said that the two sides agreed to promote trade and economic co-operation and especially need to organise more exchanges between the businesses of the two countries to study opportunities.

In that spirit, PM Phuc wished that in the future the two sides would actively exchange delegations at all levels, strengthen co-operation between ministries, branches, and localities, reinforce business connections, and maintain and further bring into play the traditionally friendly relations between the peoples of the two countries.

Given that the economic co-operation between the two countries is still modest with the bilateral trade turnover reaching $25 million in 2016, PM Phuc proposed that the two sides should create more opportunities to exchange and co-operate between the businesses of the two countries, thereby grasping the market and each other's strengths. Vietnam is ready to act as a bridge for Serbian businesses to access markets in Southeast Asia.