Delegation of German Industry and Commerce in Vietnam explores the investment environment in Nghe An
On the afternoon of May 20, the
Department of Foreign Affairs had a meeting with the delegation of the German
Industry and Commerce (AHK) in Vietnam, representative agency for the Ministry
of Economy and Climate Protection of Germany in Vietnam is led by Mr. Marko
Walde - Chief Representative to learn about the investment environment in the
Working with the delegation is Mr. Tran
Khanh Thuc - Director of the Department of Foreign Affairs; representatives of
leaders of relevant departments and branches.
Overview of the meeting
meeting, Mr. Tran Khanh Thuc - Director of the Department of Foreign Affairs
thanked the delegation for choosing Nghe An as a destination to promote the
investment environment to German enterprises and investors. This is a very valuable
opportunity for Nghe An province to get closer to German enterprises.
Mr. Tran Khanh Thuc - Director of the
Department of Foreign Affairs informs the delegation about the socio-economic
situation of Nghe An recently
Tran Khanh Thuc - Director of the Department of Foreign Affairs informed the
delegation about the location, potential, and socio-economic situation of Nghe
An province. Nghe An is the province with the largest natural land area in the
country with 16,490 km2; The population is over 3.3 million people
and Nghe An is the fourth most populous province in the country. Of which,
about 1.9 million people are of working age and the percentage of skilled
workers is quite high. Nghe An is the hometown of President Ho Chi Minh - a
world cultural celebrity. Moreover Nghe An is a famous land with a tradition of
studiousness, good study, diligence and creativity. Beside, Nghe An is also an education -
training center of the North Central region with 06 universities, 11 colleges,
more than 70 intermediate schools and vocational training centers.
transport system of Nghe An province fully converges with road, air, sea,
inland waterways, railways and border gates. Nghe An has the Southeast Nghe An
economic zone, which is expanded to over 20,700 hectares. In addition to
Southeast Economic Zone, Nghe An province also has 06 Industrial Parks (IPs)
with a total area of 1,660 hectares.
the past two years, the COVID-19 epidemic has negatively affected the Socio-economic
development of Nghe An province however the province still achieved some
positive results. GRDP growth rate is estimated to increase by 6.2%. Budget
revenue is estimated at nearly 19,000 billion VND, approximately 835 million
USD. Export turnover in 2021 reached more than 2.4 billion USD, up 201%
compared to the plan. Investment attraction has seen many changes with the
total newly and adjusted registered capital reaching nearly VND 44 trillion (approximately
1.93 billion USD).
province has always paid attention to administrative reform, promoting the
improvement of business investment environment, strongly promoting investment
attraction; focus on supporting and resolving difficulties and obstacles for enterprises
and investors. In addition, the province also prioritizes and focuses on
effectively mobilizing and using resources, arranging capital sources with
focus and focus; prioritize investment in infrastructure systems, especially
important transport infrastructure, especially in bottlenecks such as seaports
and airports; interested in investing in infrastructure of industrial parks and
industrial clusters to attract investment. These are important prerequisites to
effectively exploit and promote the advantages of Nghe An province.
the cooperation relationship with Germany, currently there is no German FDI
project in the province, but the export turnover to Germany in 2021 will reach
nearly 38.27 million USD, increasing 3.64 times compared to 2020, accounting
for 2.0% of the province's total turnover. Main export items: Steel and corrugated
iron of all kinds, textiles, cement, etc. In the first 4 months of 2022, export
turnover reached 16.37 million USD, up 59% over the same period last year.
turnover in 2021 only reached less than 1.0 million USD. The first 4 months of
2022 increased sharply with a turnover of 2.94 million USD. Imports are mainly
machinery, equipment and spare parts.
general, the import-export turnover of Nghe An enterprises with the German
market has a sudden growth in 2021 and is expected to continue to grow in the
near future along with efforts to implement the EVFTA Agreement in the province.
This is a market with a fast growth rate in the period of 2016-2020 (average
growth of 67.2%).
labor - vocational training, from 2016 to this year, Nghe An has 78 nurses who
have been trained and left to work as nurses in German hospitals. Currently, in
the province, there are 03 enterprises that have been licensed by the
Department of Education and Training of Nghe An province to study abroad in Germany.
order to strengthen investment, trade and labor cooperation, the Director of
the Department of Foreign Affairs requested German Industry and Commerce to
introduce and promote the investment environment of Nghe An province to German
investors. The fields in which Nghe An province is attracting investment are:
High-tech industry, supporting industry; technology techniques of new material
production, smart materials to promote the development of these fields under
the Industrial Revolution 4.0; mechanical engineering industry, metallurgy,
equipment production, electronic components, telecommunications, information
technology, automation equipment; manufacturing and assembling autos, machinery
and equipment, machinery spare parts, etc.
same time, coordinate to organize conferences and seminars on investment and
trade promotion to attract German enterprises to invest in Nghe An province and
promote typical products of Nghe An province to access the German market as
well as German products to Nghe An consumers.
labor, support Nghe An province to train high-quality human resources according
to German standards. The province will continue to further promote cooperation
and experience sharing in the management of vocational education institutions
through seminars and training sessions; training and retraining to improve
professional skills, foreign languages, etc. for teachers and managers of
vocational education. Invest in construction, establishing a high-quality
vocational education school or branch in Nghe An province to train high-quality
human resources for the province in order to better meet the needs of the labor
market in general and of the Federal Republic of Germany in particular.
Mr. Marko Walde - Chief Representative
of German Industry and Commerce in Vietnam speaks
behalf of the delegation, Mr. Marko Walde - Chief Representative of German
Industry and Commerce in Vietnam thanked the leaders of the Department of
Foreign Affairs for the detailed sharing. He highly appreciated the Socio-economic
development results of the province despite being affected by the COVID-19 epidemic.
In the coming time, of German Industry and Commerce will strengthen advertising
to attract more German enterprises to invest in Nghe An. “Nghe An in general
and Vinh City in particular have a lot of potential to attract foreign
investment such as a large natural area, abundant labor resources, orientation
to attract investment of the province, etc.” – Mr. Marko Walde said.
Marko Walde said that in recent years, foreign investors tend to invest in
Southeast Asia, in which many investors choose Vietnam to invest. This is the
right time for Nghe An province to promote and attract investors to invest in
the province. According to Mr. Marko Walde, to attract investors from Europe in
general and German investors in particular, it is necessary to develop green
and renewable energy.
delegation members also raised a number of questions related to the province's
human resource development, the province's investment promotion plan in the
Germany, etc. In front of the issues of concern to the delegation, leaders of
relevant departments and agencies also discussed specific contents.
meeting, Mr. Tran Khanh Thuc - Director of the Department of Foreign Affairs
thanked German Industry and Commerce for its contributions in attracting
investment in the province; at the same time, he has hoped that in the near
future there will be many investors from Germany to invest in Nghe An.