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Vietnam among top ten of German investors’ destinations

In Uncategorized on December 4, 2008 at 2:31 pm

Berlin (VNA) – Vietnam has become potential and attractive market for German investors thanks to the country’s dynamic development, young, learning and diligent and skilled labour force, local media said.

The “German Wave” newspaper issued last weekend said 30 years after end of the war, Vietnam has become one of Asian economies gaining the highest economic growth. The country obtained an average annual growth rate of 8 percent with strong development of export with such main items as rice, coffee, tea, rubber and fish.

The paper attributed Vietnam ’s advantage for foreign investors as well as multi-nation companies to development of high tech zones and young labour force.

According to the paper, more German companies want to find niches in the Southeast Asian nation since Vietnam became an official member of the World Trade Organisation (WTO) in January, 2007.

More than 20 German economic missions visited Vietnam to inquire into the market in 2008. At present, some 250 German companies are operating in Vietnam , focusing on trade, production and services, Jan Noether from the German Chamber of Industry and Commerce in Vietnam , said. He added that German companies ranked Vietnam among top ten of their most attractive destinations for investment in the world.

However, the paper said, Vietnam should overcome difficulties and challenges to maintain high economic growth, promote infrastructure construction to catch up economic development and enhance vocational training to meet the current development and integration.-

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