Hung Yen promotes trade, investment in Germany for first time

In his opening remarks, Chairman of the provincial People’s Committee Tran Quoc Van said Hung Yen considers Germany a new market of its investment attraction, particularly regarding the sectors of mechanical engineering and manufacturing industry, and that is why it held its first event of this kind in the European country.

He said Hung Yen is ready to accompany investors by shortening investment licensing time and creating best conditions possible for them.

The province now houses 2,200 projects, including nearly 600 mostly invested by firms from Japan and the Republic of Korea. With a plan for 18 industrial zones covering 9,500 hectares, convenient transportation infrastructure, and proximity to Hai Phong port and Noi Bai international airport, Hung Yen presents significant potential to attract foreign investment. However, it has thus far lured only a modest number of European investors, including just six from Germany.

Nguyen Van Hien, president of the Federation of Vietnamese Associations in Germany, noted that approximately 20,000 Vietnamese-owned businesses operate in the European country. He called on this community to explore investment opportunities in Hung Yen.

Vietnamese Ambassador to Germany Vu Quang Minh pledged to support Hung Yen’s investment and trade collaboration efforts with Germany.