ocb secures 55 million loan from deg bolstering support for smes

OCB secures $55 million loan from DEG, bolstering support for SMEs

The Orient Commercial Joint Stock Bank (OCB) has secured a $55 million loan from Germany's DEG, targeting support for SMEs, especially those led by women, to lift Vietnamese living standards.
vocational training programme supports students to work in germany

Vocational training programme supports students to work in Germany

A graduation ceremony for students of a German standard training programme on metal cutting (MC) was held by the German Agency for International Cooperation (GIZ) and the General Directorate of Vocational Training in the southern province of Dong Nai on August 30.
siemens profit surges despite energy woes

Siemens profit surges despite energy woes

German industrial giant Siemens on Thursday said large orders for trains boosted earnings in the third quarter, helping to offset problems in its troubled wind energy business.
most of surveyed german firms plan expansion in vietnam

Most of surveyed German firms plan expansion in Vietnam

About 91per cent of German companies are planning to expand their investment in Vietnam, according to a survey conducted by the Delegation of German Industry and Commerce (AHK) in Vietnam.
germanys stada expands presence in vietnams healthcare market

Germany's STADA expands presence in Vietnam's healthcare market

STADA and its Vietnamese affiliate Pymepharco have announced the establishment of its new head office in Ho Chi Minh City, paving the way for further expansion in Vietnam's healthcare market.
german investment reflecting rising confidence in vietnam

German investment reflecting rising confidence in Vietnam

In the context of ongoing global economic uncertainties, German businesses still consider Vietnam as one of the developing markets with the most potential in Asia. Moreover, with Germany’s investment diversification strategy, Vietnam is being evaluated as a promising and reliable investment destination for German businesses. Today, about 500 companies from Germany have invested roughly $2.9 billion in Vietnam - this being an adjusted overall value; not foreign direct investment.
kfw bank and evn set to expand tri an hydropower plant

KfW bank and EVN set to expand Tri An hydropower plant

Germany's KfW Development Bank and Vietnam Electricity (EVN) have agreed on terms for the expansion of the Tri An Hydropower Plant, with the plan to finance the project directly through KfW, circumventing the need for government guarantees.
german business steadfast in investment intentions

German business steadfast in investment intentions

German businesses are strategically leveraging Vietnam’s economy as manufacturing expansions, increased investments, and sustainable development projects showcase a resolute appetite for business growth.
siemens to invest over 11 billion in germany

Siemens to invest over $1.1 billion in Germany

On July 13, in the presence of German Chancellor Olaf Scholz, technology powerhouse Siemens announced the establishment of its new Technology Campus in Erlangen, Germany, with an investment of around $560 million for the expansion of its development and manufacturing capacities.
ziehl abegg expands footprint with new production facility in vietnam

Ziehl-Abegg expands footprint with new production facility in Vietnam

Ziehl-Abegg, a manufacturer of electric motors, air conditioning equipment, and fans that is headquartered in Germany, has just unveiled its strategic plans to establish a new production facility in Vietnam, a move aimed at expanding its global footprint.
dong nai licenses two foreign invested projects worth 30 million

Dong Nai licenses two foreign-invested projects, worth $30 million

The committee's vice chairwoman Nguyen Thi Hoang praised the two large-scale projects, saying that they would play an important role in speeding up local economic development.
german investors optimistic about vietnams outlook

German investors optimistic about Vietnam's outlook

German businesses are expressing more confidence in their development and have increasingly positive expectations for economic growth in Vietnam.
vietnam emerging as southeast asias new tourist hot spot

Vietnam emerging as Southeast Asia's new tourist hot spot

Germany's website dw.com has published an article describing Vietnam as one of the most popular destinations in Southeast Asia for its diverse landscapes, beaches, mountainous rice terraces and bustling cities.
vietnams thai hung and germanys roding mobility ink ev development deal

Vietnam’s Thai Hung and Germany’s Roding Mobility ink EV development deal

Homegrown firm Thai Binh Hung Thinh JSC (Thai Hung) has partnered with Germany's Roding Mobility to boost research, development, and production of compact EVs in the country.
bmw to produce plug in hybrid car in safrica

BMW to produce plug-in hybrid car in S.Africa

German automaker BMW said Thursday it will inject millions into its South African plant, making it the second in the world to produce and export its X3 plug-in hybrid model.