Siemens executive urges German firms to invest into Vietnam
VOV.VN - Joe Kaeser, president and CEO of Siemens, has urged German enterprises to invest into Vietnam in an effort to diversify the European country’s supply chain.
The statement by Kaeser came at the Asia-Pacific Committee for German Business (APA), which was held on October 19 through an online format.
Speaking at the event, Kaeser stressed that aside from China, both Vietnam and Indonesia represent important investment destinations.
According to him, many multinational companies have made strong investments in the country, while Germany has strived to promote dual vocational training in a bid to supply skilled workers to the local labour market.
Kaeser expressed his belief German businesses can swiftly find relevant business investment activities in Vietnam if they focus on diversifying their supply chain.
Meanwhile, German Minister for Economic Affairs and Energy Peter Altmaier called on German businesses to take advantages and invest into Asian countries, largely due to their success in controlling the novel coronavirus (COVID-19) pandemic and maintaining strong economic growth.
Addressing the online meeting, German Chancellor Angela Merkel affirmed the great potential that exists in building on economic ties with Asian countries. Chancellor Merkel went on to emphasise that businesses need to be treated equally, therefore ensuring transparency, legality, and intellectual property rights.
First established in 1986, the Asia-Pacific Committee of German Business (APA) serves as the mouthpiece that facilitates communication between German businesses in Asia and political bodies in both Germany and partner countries based in Asia. In addition, the group serves as a committee for the formulation and discussion of economic and political interests.