German Chancellor’s Vietnam visit to help elevate ties to new height: Ambassador

WVR/VNA - German Chancellor Olaf Scholz’s official visit to Vietnam from November 13-14 will open up a new chapter in the two countries’ friendship and cooperation, showing the joint commitment and determination to lift the ties to a new height, stressed Vietnamese Ambassador to Germany Vu Quang Minh.
German Chancellor’s Vietnam visit to help elevate ties to new height: Ambassador
German Chancellor’s Vietnam visit to help elevate ties to new height: Vietnamese Ambassador to Germany Vu Quang Minh. (Photo: VNA)

In an interview granted to Vietnamese media on the threshold of the visit, Ambassador Minh said that the visit is of great significance to the bilateral relationship, as Vietnam and Germany are successfully implementing their Strategic Partnership Agreement over the past decade as well as gaining great achievements in economic and trade cooperation after more than two years enforcing the Vietnam-EU Free Trade Agreement (EVFTA).

This is also the first high-level visit between the two countries five years after Prime Minister Nguyen Xuan Phuc's visit to Germany in 2017.

Chancellor Olaf Scholz’s trip also demonstrates Germany's growing interest in and the importance it attaches to Southeast Asia, particularly Vietnam, a reliable and stable partner of Germany in the region and the world, he added.

The Ambassador stated that on this occasion, Vietnam and Germany will officially approve an Action Plan for 2023-2024 to promote the bilateral Strategic Partnership, and put forward a long-term vision for the ties from now to 2030 and beyond.

The two sides will also have in-depth discussions on measures to promote bilateral cooperation in important areas such as sustainable development, climate change response, energy transition, green and renewable energy development, vocational training and education, information technology, manufacturing, agricultural product processing and chemicals.

Germany remains Vietnam’s biggest trade partner in the European Union, while Vietnam has risen to become Germany’s largest trade partner in Southeast Asia.

German Chancellor’s Vietnam visit to help elevate ties to new height: Ambassador
Oktoberfest Vietnam 2022 at Hanoi Daewoo Hotel, on October 6, 2022. (Photo: WVR/MH)

Over a decade after the establishment of the bilateral strategic partnership, two-way trade has doubled. It hit 9.45 billion USD in the first nine months of this year, a year-on-year rise of 16.7%, according to Vietnam’s statistics.

As of the end of May this year, Germany had 426 valid investment projects worth 2.31 billion USD in Vietnam, while Vietnam had 36 projects in Germany with total registered capital of 283.3 million USD.

Ambassador Minh noted that the two countries' economies are highly complementary, and the challenges facing them are opening up new more opportunities for cooperation.

Vietnam is currently considered by German businesses and investors as a reliable partner and a leading attractive market to shift their investment and trade, or strengthen economic-trade relations.

German Chancellor’s Vietnam visit to help elevate ties to new height: Ambassador
A seminar on study and work in Germany was held by the Vietnam - Germany Media and Television Center (ViGe TV) in collaboration with Saxjob International GmbH (Chemnitz, Germany), in Hanoi, on October 18, 2022. (Photo: WVR)

The Ambassador affirmed that, with the 2023-2024 Action Plan and other important frameworks, on the basis of great achievements in bilateral cooperation over the past time, Vietnam and Germany are seeing a golden opportunity to further promote cooperation in many fields, bringing the strategic partnership to a new height, not only in politics and security but also in economics, trade, science and technology, education and training, vocational training and labour cooperation.

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(Source: WVR/VNA)