Currently , Germany is the largest European trading partner of Vietnam with bilateral trade reaching nearly US$ 8 billion, accounted for over 20 percent of the total Vietnam-EU trade, Vietnamese leader noted.
According to Prime Minister Nguyen Tan Dung, Vietnam always provides favorable conditions for German investors to do business in the Vietnamese market. The premier proposed that Germany supports the signing of a free trade agreement (FTA) between Vietnam and the EU as well as the early ratification of the Partnership and Cooperation Agreement (PCA).
Germany is keen on boosting cooperation with Vietnam in all fields, especially the economy, trade, investment, culture, education, and tourism. However, they are concerned about recent developments in the East Vietnam Sea, an important international maritime route that accounts for over 50 percent of the world’s sea cargo volume. Therefore, there are two important indicators that Germany and the EU are interested in, which is security and stability.
