German investment in Vietnam – testament to strong partnership: delegation

German investment in Vietnam – testament to strong partnership: delegation

German investment and favor for manufacturing activities in Vietnam are testament to the burgeoning partnership between the two nations, says the Delegation of German Industry and Commerce in Vietnam (GIC/AHK).

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s FPT, Germany’s Siemens to cooperate in semiconductor, digitalization

Vietnam’s FPT, Germany’s Siemens to cooperate in semiconductor, digitalization

Vietnam’s leading tech firm FPT and Germany’s tech giant Siemens on Monday signed a memorandum of understanding (MoU) on cooperation in infrastructure, digitalization, and semiconductor.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

German companies have positive view of Vietnam's business environment: ambassador

German companies have positive view of Vietnam's business environment: ambassador

On the occasion of the Lunar New Year festival (Tet), German ambassador to Vietnam Guido Hildner speaks to The Investor about the Germany-Vietnam relationship and German companies' interests in Vietnam’s business environment.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

Pangasius exports to Germany should focus on price and quality: association

Pangasius exports to Germany should focus on price and quality: association

Vietnam's pangasius shipments to Germany fell 43% year-on-year in December 2023 to $1.8 million, so to help the industry bounce back, exporters to this market must focus on both quality and pricing, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Siemens, Vietnam’s National Innovation Center to cooperate in smart factory

Siemens, Vietnam’s National Innovation Center to cooperate in smart factory

The National Innovation Center (NIC), under Vietnam’s Ministry of Planning and Investment, and German technology giant Siemens signed a cooperation deal on Friday, focusing on smart factory in the Southeast Asian nation.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam urges Germany to ratify Europe-Vietnam investment protection pact soon

Vietnam urges Germany to ratify Europe-Vietnam investment protection pact soon

Germany should soon ratify the Europe-Vietnam Investment Protection Agreement (EVIPA), three top leaders of Vietnam said to German President Frank-Walter Steinmeier during the latter’s two-day Vietnam visit.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Germany President to visit Vietnam next week, meet with top 3 leaders

Germany President to visit Vietnam next week, meet with top 3 leaders

German President Frank-Walter Steinmeier and his wife will pay a state visit to Vietnam on January 23-24 at the invitation of his Vietnamese counterpart Vo Van Thuong.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

German gas producer to invest $133 mln in Vietnam’s Quang Ngai province

German gas producer to invest $133 mln in Vietnam’s Quang Ngai province

German industrial gas producer Messer received an investment certificate for a $133.28 million project in Vietnam’s central province of Quang Ngai on Sunday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s Lilama delivers first modules of mega green hydrogen to Saudi Arabia

Vietnam’s Lilama delivers first modules of mega green hydrogen to Saudi Arabia

Vietnamese industrial engineering company Lilama has delivered its first electrolyzer modules to the $8 billion Neom Green Hydrogen project in Saudi Arabia, currently the world’s largest such facility.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korea, Germany-invested food courier Baemin to leave Vietnam after 4 years

Korea, Germany-invested food courier Baemin to leave Vietnam after 4 years

Baemin Vietnam, a food courier jointly invested by South Korea’s Woowa Brothers and Germany’s Delivery Hero, will stop operating in Vietnam from December 8, the firm announced on Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Risk factors: market demand, skilled labor shortage worry German firms in Vietnam

Risk factors: market demand, skilled labor shortage worry German firms in Vietnam

Low market demand and shortage of skilled labor are the biggest risk factors that German firms see in Vietnam over the next 12 months, a new study says.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

German connectivity solutions provider Harting opens first Vietnam factory

German connectivity solutions provider Harting opens first Vietnam factory

Germany-headquartered Harting, a global leader supplying connectivity solutions for industrial technology - data, signals, and power, opened its first Vietnamese factory in the northern province of Hai Duong on Thursday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s sustainable growth hinges on workforce training, stable business environment: Bosch exec

Vietnam’s sustainable growth hinges on workforce training, stable business environment: Bosch exec

Vietnam can ensure sustainable growth and successful operations of foreign businesses by focusing on workforce training and maintaining a stable business environment, said a Bosch executive.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

German tape maker tesa opens $58 mln factory in northern Vietnam

German tape maker tesa opens $58 mln factory in northern Vietnam

Germany-headquartered tape maker tesa inaugurated a EUR55 million ($57.8 million) factory in Hai Phong city on Thursday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

German investment can be powered by green electricity: diplomat

German investment can be powered by green electricity: diplomat

Germany’s private sector is very interested in investing more in Vietnam, but they also “want to have green electricity,” Santiago Alonso, development counselor with the German embassy in Hanoi, said Wednesday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Lubrication giant Fuchs opens $10 mln factory in southern Vietnam

Lubrication giant Fuchs opens $10 mln factory in southern Vietnam

Germany-headquartered Fuchs, a top supplier of lubrication solutions, opened Thursday a EUR9 million ($9.7 million) factory in the southern coastal province of Ba Ria-Vung Tau.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

VSIP industrial park in Binh Dinh province welcomes first project

VSIP industrial park in Binh Dinh province welcomes first project

Kurz Vietnam, a subsidiary of German thin film producer Kurz, inaugurated Friday a $40-million factory at Vietnam-Singapore Industrial Park (VSIP) in Binh Dinh province, south-central Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Germany invests $5.4 million in Vietnam’s green hydrogen industry

Germany invests $5.4 million in Vietnam’s green hydrogen industry

The German International Cooperation Agency (GIZ) and the Vietnamese Ministry of Industry and Trade's oil, gas and coal department have agreed to implement a $5.4 million green hydrogen project.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

91% of German firms plan Vietnam expansion

91% of German firms plan Vietnam expansion

Up to 91% of German companies in Vietnam intend to expand their investments while 57% are seeking new and additional suppliers here as they diversify their supply chains, said Marko Walde, chief representative of AHK (the German Chamber of Commerce) in Vietnam, Myanmar, Cambodia, and Laos.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Germany’s DEG to provide $55 mln loan to back Vietnam lender OCB’s SME portfolio

Germany’s DEG to provide $55 mln loan to back Vietnam lender OCB’s SME portfolio

DEG, the German government’s investment arm, has committed a $55 million loan for Vietnam’s Orient Commercial Joint Stock Bank, or OCB.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thai Nguyen province approves $19 mln gas project for Germany’s Messer

Thai Nguyen province approves $19 mln gas project for Germany’s Messer

Messer Hai Phong Industrial Gas, a subsidiary of German industrial gas producer Messer, has received an investment certificate for its $19.25 million project in the northern province of Thai Nguyen.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Masan High-Tech Materials awarded for innovations

Masan High-Tech Materials awarded for innovations

Masan High-Tech Materials was named as ‘Top 10 Most Innovative Enterprises Vietnam 2023’ (VIE10) at the ‘Top 50 Most Innovative Enterprises Vietnam 2023’ (VIE50) award ceremony on Wednesday by VIR and Vietnam Business Research.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Ngai province approves $133 mln gas project for Germany's Messer

Quang Ngai province approves $133 mln gas project for Germany's Messer

The industrial zone authority in Quang Ngai has given an in-principle nod to Messer, a German industrial gas producer, to build a $133 million factory in the central province's Dung Quat Economic Zone.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Binh Dinh province courts fresh sources of FDI  

Binh Dinh province courts fresh sources of FDI  

Vietnam’s central coastal province of Binh Dinh held an investment promotion in Germany in April, and plans to hold similar events in the U.S., Japan, South Korea, Australia, Israel, and India later this year.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Germany's Infineon Technologies sets up chip development center in Vietnam 

Germany's Infineon Technologies sets up chip development center in Vietnam 

Germany-based Infineon Technologies AG, a global leader in automotive, power management, energy efficient technology, and the Internet of Things (IoT), opened a new center for chip development in Hanoi on Wednesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Binh Dinh province eyes 500ha port for controversial steel project

Binh Dinh province eyes 500ha port for controversial steel project

Binh Dinh province is seeking the Ministry of Planning and Investment's appraisal for a 497-hectare port project to serve the planned mega Long Son Iron and Steel Complex, which has sparked environmental concerns among local residents.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

German yarn maker Sudwolle launches $50 mln Vietnam factory

German yarn maker Sudwolle launches $50 mln Vietnam factory

Leading German yarn maker Sudwolle has inaugurated a $50 million sheep wool yarn spinning factory in the Central Highlands province of Lam Dong.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Germany’s Bosch Home enters Vietnam market

Germany’s Bosch Home enters Vietnam market

Bosch Home Appliances, a premium German brand owned by Bosch Home Appliances Vietnam (BSH Vietnam), has launched its products in the Vietnamese market.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

German cleaning equipment maker Karcher builds plant in Vietnam

German cleaning equipment maker Karcher builds plant in Vietnam

Karcher, a German cleaning equipment manufacturer best known for high-pressure cleaning products, has broken ground for a workshop to serve the construction of its $21.8 million Vietnam plant.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deutsche Bank posts 2022 profit of $23 mln in Vietnam

Deutsche Bank posts 2022 profit of $23 mln in Vietnam

Deutsche Bank recorded a pre-tax profit of 21 million euros ($22.6 million) on a net revenue of 34 million euros ($36.6 million) from its Vietnam operations in 2022, according to the bank’s annual report.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Germany’s Magnetec launches production plant in Vietnam

Germany’s Magnetec launches production plant in Vietnam

Magnetec GmbH, a German provider of system solutions for the innovative sectors of automotive, energy, industry, and safety, opened its first factory in Vietnam on Wednesday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Germany’s DEG to invest $18 mln in Turkish diaper plant in Vietnam

Germany’s DEG to invest $18 mln in Turkish diaper plant in Vietnam

DEG, the German Development Finance Institution, has approved an investment of 17 million euros ($18.1 million) into Hayat Kimya Vietnam Company, an Asian Development Bank-backed maker of baby diapers, wet wipes, and women’s hygiene pads.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Alba Group Asia to build biggest plastic recycling plant in Vietnam

Alba Group Asia to build biggest plastic recycling plant in Vietnam

Alba Group Asia, under German waste management and recycling giant Alba, and Vietnamese firm VietCycle will jointly develop a $50 million food-grade PET/HDPE plastic recycling plant, the largest in Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast to roll out electric car deliveries in U.S. next month

VinFast to roll out electric car deliveries in U.S. next month

Vietnamese electric vehicle producer VinFast said on Monday it will start deliveries to its first U.S. customers on March 1 from its California showrooms.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Koenig & Bauer bolsters market presence in Vietnam

Koenig & Bauer bolsters market presence in Vietnam

Koenig & Bauer, a global leader in making printing presses, is intensifying its presence in Vietnam as part of its business expansion initiatives.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7