Vietnam’s export to Germany touches $3.4b

German businesses are more interested in Vietnam and want to develop investment and trade relations with the country, which boasts its stable political situation and abundant, young and studious human resource, said Alexander Bischoff, president of Germany Business Association in Vietnam (GBA) on the occasion of the 15th establishment anniversary of GBA in HCM City.

He said that GBA always encourages the sustainable and quality development of business and trade relations between the two countries.

Bischoff noted areas that Germany businesses are interested in include education, infrastructure and environment.

The GBA includes 150 members representing all industries and sectors in Germany, including high technology, logistics, trade, finance and law, he said, adding that GBA members have provided advanced technologies and management models for Vietnam to expand their operations in the country.

140 Germany companies have so far poured $1.2 billion for 90 projects in Vietnam. Two-way trade between the two countries reached $4.7 billion in 2009, of which Germany exported $1.3 billion worth of goods to Vietnam and imported commodities worth $3.4 billion from the Southeast Asian country including main items such as agricultural products and seafood products.

Cong thuong

Tags: Vietnam export to Germany, Vietnam Germany cooperation, Vietnam Germany trade

Posted by VBN on May 31 2010. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry