leader of german state optimistic about cooperation with vietnam

Leader of German state optimistic about cooperation with Vietnam

Following a five-day visit to Vietnam earlier this month, Minister-President of the German state of Lower Saxony (Niedersachsen) Stephan Weil said the trip has opened up major opportunities for cooperation between the German state and Vietnamese localities.
tesa opens new site in haiphong

Tesa opens new site in Haiphong

Tesa, the German manufacturer of adhesive tapes and solutions, opened its new site in Haiphong on October 12 as part of its strategy to regionalise production, expand capacity, and optimise supply chains.
german supply chain act sustainability focus and vietnams implications

German Supply Chain Act: Sustainability focus and Vietnam's implications

The 2023 German Supply Chain Due Diligence Act prioritises sustainable criteria in global supply chains. Prof. Andreas Stoffers, country director of FNF Vietnam, and Huyen Nhu Lanh, coordinator of the project at the Delegation of German Industry and Commerce in Vietnam spoke with VIR’s Luu Huong on the opportunities and challenges the new law provides for Vietnam.
german group to invest 16 billion stainless steel plant in ha tinh

German group to invest $1.6 billion stainless steel plant in Ha Tinh

VFT Industry UG plans to invest €1.5 billion ($1.57 billion) in building a stainless steel plant in the central province of Ha Tinh.
vietnam eyes green jobs amidst energy transition insights from german experience

Vietnam eyes green jobs amidst energy transition: Insights from German experience

Inspired by Germany's success, Vietnam is gearing up for a surge in green jobs on the push for carbon neutrality by 2050, eyeing over 75 per cent renewable energy usage by 2045.
german lubricant firm increases presence in vietnam

German lubricant firm increases presence in Vietnam

German-headquatered lubricant manufacturer Fuchs Group held an inauguration ceremony for its new plant in Ba Ria-Vung Tau on September 14, marking its deeper penetration into the Vietnamese market.
germanys kurz unveils 40 million binh dinh plant

Germany's Kurz unveils $40 million Binh Dinh plant

German thin film technology company Kurz celebrated the inauguration of its advanced foil and thin film manufacturing facility at the Becamex VSIP Binh Dinh Industrial Park on September 8. The facility's primary product will be the high-tech 'hot stamping foil'.
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.