Business

Many German investors are coveting investment opportunities in a range of Vietnamese sectors.

Last week, nine German leading companies from the nation’s Sachsen state asked Vietnam’s

German investors are aiming high in Vietnam

Ministry of Planning and Investment (MPI) for help in seeking investment opportunities in Vietnam.

Albert Krug, representative from Unternehmensberatung Albert Krug Company, which specialises in manufacturing leather products, said he had already found a Vietnamese company for long-term cooperation to be expanded to more Vietnamese partners.

“Vietnam’s textile and garment and footwear industries are strongly developing. So we hope we can seek many investment opportunities here,” Krug said.

Mathias Fuger, managing director of Fuger Software-Service GmbH company, said his company produced information, technological products and software that could be applied in Vietnam’s logistics, textiles and garments firms.

“Like Krug, we are also working with Vietnamese partners to transfer our products to Vietnam,” Fuger said.

Bernhard Klug, managing director of ESM company - which engages in construction and designing stainless steel swimming pools, said the company knew that Vietnam’s tourism real estate industry was strongly developing. “So why not seek investment opportunities here?” Klug said.

SKM GmbH company representative Frank Schwarzbach also looked at fast-industrialising Vietnam as a good investment destination.

“We can meet all assorted orders about machines used for the heavy and light industries, food processing and specialised purposes. We are looking for Vietnamese partners,” Schwarzbach said.

MPI Vice Minister Dang Huy Dong said: “Vietnam’s government will create the best conditions for investors like you.”

Since early this year, many German enterprises have come to Vietnam in search of investment opportunities.

For example, in September, 2010, some 60 energy and urban planning related investors and enterprises from Germany’s Mecklenburg-Vorpommern state came to Vietnam with the same purpose.

According to the MPI, most German investors were reliable and abided by Vietnamese laws and operated effectively.

The MPI said Vietnam’s government was focussed on luring projects not prone to environmental pollution and energy saving projects. As for wind-power and renewable energy projects, it was discussing price-related problems for these projects’ outputs.

German ambassador to Vietnam Rolf Schulze said many German investors wanted to implement long-term investment projects in the country.

“There will be more German companies in Vietnam... German investors are eyeing Vietnam as a reliable investment destination,” he said.

At present, Vietnam is home to about 154 German investment projects with total registered capital of $810 million.