German President Frank-Walter Steinmeier and his wife will pay a state visit to Vietnam next week, at the invitation ofPresident Vo Van Thuong and his wife.
The visit of German President Frank-Walter Steinmeier and his wife will take place on January 23-24, according to a statement from the Ministry of Foreign Affairs today.
Vietnam and Germany established diplomatic relations on September 23, 1975. Since then, the friendship and cooperation between the two countries have developed positively, becoming increasingly deep, effective and comprehensive. During the visit to Vietnam in October 2011 by then German Chancellor Angela Merkel, the two countries established a Strategic Partnership.
Germany is Vietnam's largest trading partner in Europe, accounting for nearly 20% of Vietnam's exports to the European Union (EU), and is also an important transit gateway for Vietnamese goods to other markets in Europe. Two-way trade turnover in 2023 is expected to reach more than 11 billion USD.
German President Frank-Walter Steinmeier in Berlin in 2021. Photo: Reuters
There are currently more than 350 German enterprises operating in Vietnam. As of May 2023, Germany has 444 valid projects with a total registered investment capital of over 2.36 billion USD, ranking fourth in the EU and 18th out of 143 countries and territories investing in Vietnam.
Vietnamese enterprises have 11 valid investment projects in Germany with total investment capital and adjusted capital reaching over 30.95 million USD.
Germany is one of the countries that regularly and extensively provides ODA to Vietnam, with more than 2 billion USD for ODA projects since 1990. Since 2020, Vietnam has been ranked as a "Global Partner" in Germany's Development Cooperation Strategy to 2030 (BMZ 2030).
Huyen Le
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