Attendees included representatives of the Vietnamese Embassy, the Bilateral Chamber of Commerce and Industry in Vietnam, the German Chamber of Commerce and Industry and the Ministry of Economic Affairs, Transport, Agriculture and Viticulture of the German state of Rhineland-Palatinate. Also present were some 20 German companies from the chemical industry, machinery, viticulture, education and trade-fair design. They provided insights into their activities in Vietnam so far or were on the lookout for potential cooperation with Vietnam.
A particular focus was placed on opening up new markets. The participants in the panel can see tremendous potential for cooperation with Vietnam, given that the country can boast dynamic growth, a young and motivated population and a high level of digitisation and of affinity for IT. The EVFTA concluded in 2020 facilitates trade by removing tariffs on originating products. Vietnam also benefits from the China plus One diversification strategy to showcase itself as an alternative to China, opening up promising opportunities for German companies.
