Berlin (VNA) – A conference introducinginvestment opportunities in Vietnam’s northern province of Vinh Phuc took placein Potsdam city of Germany’s Brandenburg state on August 28.

The event was organised by a workingdelegation from Vinh Phuc, the Vietnamese Embassy in Germany, as well asauthorities and enterprises of Brandenburg. 

Speaking at the conference, VietnameseAmbassador to Germany Nguyen Minh Vu highlighted the two nations’ increasingties across all fields and their potential for cooperation in infrastructuredevelopment, mechanics, innovation, industrialisation of agriculture,processing industry, human resources training, tourism and cultural exchange.

He said the Vietnamese Government and localauthorities, including those of Vinh Phuc, are sparing no effort in building anattractive and transparent business climate to lure foreign investors.

Head of the Vinh Phuc delegation, Hoang ThiThuy Lan, Secretary of the provincial Party Committee, informed the conference abouther province’s potential for development and partnership.

Located near the capital Hanoi and Noi Baiinternational airport, Vinh Phuc has favourable transport infrastructure inroad, rail, and waterways. From an agricultural land, it has been developedinto an industrial province with the proportion of industry and servicesaccounting for 90 percent of the local economic structure.  

As of June 2019, the province housed 1,095investment projects, including 357 foreign-funded ones worth more than 4.7billion USD from 17 countries and territories. Germany is investing in oneproject valued at 250,000 USD in Vinh Phuc.

Lan said her province wants German firms,including those from Brandenburg, to consider investment in local industry,particularly auto assembly and electronics; urban and service development; cleanand high-tech agriculture; and vocational training.  

A representative from the Potsdam chamber ofcommerce and industry IHK said both Potsdam and Vinh Phuc are located near thecapitals and large international airports and have the conditions foragricultural and tourism development.

Noting that cooperation has fallen short ofpotential, the official suggested the localities work together in autoindustry, renewable energy, environmental technology and vocational training.

The same day, the Vinh Phuc delegation paida courtesy call to Brandenburg leaders and worked with the German multinationalconglomerate Siemens./.