Germany shows interest in Vietnamese labour market

At a recent working session with visiting Deputy Prime Minister Ho Duc Phoc, BVMW International Managing Director Andreas Jahn affirmed Vietnam is an important partner.

Briefing Phoc on the operation of BVMW, the largest business association in Europe with 960,000 members, Jahn said it is running representative offices in 85 countries globally, including Vietnam.

The association focuses on supporting its member businesses to expand market and enhance competitiveness in key areas, he said, voicing his hope that Phoc's visit would create strategic opportunities, enabling BVMW firms to expand investments in Vietnam in the near future.

For his part, Phoc emphasized BVMW’s crucial role and called on the association to provide continued support to German businesses in exploring opportunities and investing in Vietnam, while facilitating Vietnamese goods’ access to Germany.

Noting the bilateral investment and trade ties have yet to match potential of both nations, the Deputy PM outlined various opportunities for German enterprises to explore and invest in the Southeast Asian nation, particularly in high-tech, renewable energy, highway, high-speed rail, information technology, artificial intelligence, and training and labour.

Phoc reaffirmed that Vietnam remains steadfast in its investment policy, and pledges to protecting the legitimate rights and interests of businesses.

Participating BVMW member businesses raised proposals on cooperation and investment opportunities in different sectors, including energy transition, environmental protection, and innovation.

They shared their views on potential for cooperation between the two countries in labour supply and high-quality workforce training, especially in the spheres of health care, hospitality, infrastructure, biotechnology, chemistry, and medical and education equipment.