Siemens CEO urges German firms to invest in Vietnam

TIN LIÊN QUAN
	Russian locality hopes to boost trade ties with Vietnam
	Conference boosts Vietnam-Germany trade, investment promotion

Siemens AG CEO Joe Kaeser. (Photo: Getty Images)

Speaking at an APA teleconference on October 19, Kaeser said that Asia, not just China, is an important investment destination.

He stressed that a number of multinational groups have poured a great deal into Vietnam while Germany is also stepping up vocational training in the country.

Enterprises, he said, could quickly seek business opportunities in the country.

German Federal Minister for Economic Affairs and Energy Peter Altmaier called on German firms in Asia to seek alternatives in diversifying regional supply chains.

Germany supports globalisation and wants to diversify supply chains, he said, adding that it needs to build greater resilience to future crises.

The APA conference was first held in 1986 with the aim of bolstering economic ties between Germany and the Asia-Pacific.

This year’s discussions focused on the economic toll from COVID-19, the modernisation of trade policy to ensure global supply chains, and the digitalisation strategies in Asia and Europe.

Huge efforts made to deal with natural disaster consequences Over the past days, great efforts have been made to deal with consequences of torrential rains and floods in line with instructions of Prime Minister ...

First Vietnamese bank allows transactions in RoK for local card holders TPBank has become the Vietnamese first bank to allow all domestic card holders to make payment and withdrawal transactions in the Republic of Korea (RoK) ...

Vietnamese aviation on course for recovery Vietnam’s aviation sector has served an increasing number of passengers following the resumption of domestic flights and certain international air routes disrupted by COVID-19.