• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

German Chancellor visit to VN to boost cooperative ties

VGP - German Chancellor Angela Merkel will make an official visit to Việt Nam from October 11-12 to broaden and deepen the friendly and cooperative relations between the two countries.

10/09/2011 07:10

The two-way trade between Việt Nam and Germany is on the rise

The German Chancellor will be accompanied by leaders and senior officials of some German ministries, sectors, localities and German businesses.

Việt Nam and Germany have signed some bilateral deals to create legal framework for economic ties, including a double tax avoidance agreement, an investment promotion and protection agreement, a maritime agreement and an aviation agreement.

Germany is Việt Nam’s biggest trading partner in Europe, accounting for 19% of the Vietnamese export to the European Union (EU). Việt Nam is Germany’s 5th biggest exporter, after the US, China, Japan and the Republic of Korea.

Việt Nam’s exports to Germany are expected to hit US $3 billion in 2011. Việt Nam’s trade surplus to Germany increased from US $424 million in 2005 to US $593 million in 2008, US $631 million in 2000 and US $729 million in the first eight months of 2011.

Besides, Germany is a big investor in Việt Nam. From 1988 to September 2011, the European country had poured investment of US $977 million in Việt Nam, becoming the 24th biggest foreign investor in the Asian country.

Germany is a big and frequent ODA donor of Việt Nam. Germany’s ODA focuses on economic reform and sustainable economic development assistance, environment policies, natural resource protection and sustainable use, water supply, waste treatment, healthcare, family planning, and HIV/AIDS prevention and fight.

Each year, over 100,000 German people visit Việt Nam.

By Ngọc Vân