With the permission of the People's Committee of Da Nang City, Da Nang Investment Promotion Agency in collaboration with the German Business Association in Vietnam (GBA) organized the "Da Nang - Germany Investment Connection Seminar" "; The event was attended by more than 50 delegates who are leaders of Da Nang city's departments, agencies, and German businesses.
The seminar was held to promote the potential, advantages, investment opportunities, preferential policies and investment support of Da Nang city for German businesses and investors interested in choosing and deciding. investment, taking advantage of attracting investment resources. Facilitating connections between German businesses and Da Nang city businesses; building a premise for developing trade and investment cooperation relations in the coming time.
Speaking at the opening ceremony, Standing Vice Chairman of the City People's Committee Ho Ky Minh thanked the German Business Association in Vietnam for creating conditions for Da Nang city to have the opportunity to introduce its potential, advantages, key projects calling for investment as well as receiving comments and suggestions to improve the business and investment environment, promptly removing difficulties for businesses in the process of understanding the investment environment. investment and project implementation in Da Nang. As of May 2023, in Da Nang city, there were 11 investment projects from Germany with a total registered capital of 10.3 million USD, accounting for 01% of the number of projects and 0.2% of the total investment capital. total registered investment capital in the city, so Vice President Ho Ky Minh said that this figure is still very modest compared to the space for cooperation between the two sides. He expected that through meetings and working sessions such as today's Seminar, in the coming time, investment cooperation between Germany and Da Nang will record more impressive results, as well as pledge that the city will constantly creating and perfecting a favorable business and investment environment for enterprises to invest and develop stably.
Vice President Ho Ky Minh delivered the opening speech
According to Mr. Elmar Dutt, Chairman of GBA Vietnam Association, currently more than 700 German businesses consider Vietnam as "homeland", creating about 100,000 jobs and investing more than 10 billion USD directly and indirectly in Vietnam. . The Central region in general and Da Nang city in particular are very interested by German businesses and considered an attractive investment location in Vietnam. He proposed some ideas for Da Nang City People's Committee to consider implementing or propose to the Government to enhance competitiveness in attracting investment including: ensuring energy security; environmental protection and sustainable development; simplify and digitize administrative procedures; eliminating the requirement of local testing for EU certified products; work permit and visa support; create more tax incentives and stimulate consumption.
Mr. Elmar Dutt, Chairman of GBA Vietnam Association (in the middle) gave a speech
Mr. Marko Walde, Chief Representative of the German Chamber of Commerce and Industry in Vietnam, Vice President of GBA Association added that German businesses are always looking for reliable partners to joint venture and expand production. This will be an opportunity for partners in Vietnam to promote investment links. German investors also pay much attention to green energy and professionally trained human resources as a basis for making investment decisions.
Ms. Huynh Lien Phuong, Director of the Investment Promotion Agency, in her introduction to the investment environment, focused on introducing a number of projects that the city calls for investment in the coming time such as the Industrial Park High technology, supporting industries, logistics, Lien Chieu Port, Relocating railway station and Expanding Da Nang international airport. Mr. Nguyen Cong Tien, Deputy Head of the Management Board of Hi-Tech Parks and Industrial Parks also added some information about investment in the Hi-Tech Park to the Association and businesses.
View of the seminar
During the discussion session, a number of issues were of interest to the Association and German businesses such as the policy of developing a free trade zone in Da Nang, attracting the development of the aircraft manufacturing industry and investing in clean energy in Da Nang. Nang.
Answering the above questions, Ms. Huynh Lien Phuong, Director of the Investment Promotion and Support Department, said that the city does not have a policy to develop a free trade zone (Free Trade Zone), but there will be a project of a free trade zone. The non-tariff area is located in an urban area (Da Nang city is applying for a separate mechanism for the city because normally the non-tariff area must be located in the economic zone). In addition, on the issue of clean energy, Ms. Nguyen Thi Thuy Mai, Deputy Director of the Department of Industry and Trade mentioned that Da Nang city is calling for investment in biomass power projects and solid waste incineration projects to generate electricity. Rooftop electricity will also be developed in the near future.
Adding comments on human resource development in Da Nang, Mr. Le Truong Ky, General Director of DINCO Construction Engineering Joint Stock Company, said that in recent years the University of Danang, especially the University of Science and Technology, has flexibly supplementing training programs suitable to industries according to the recruitment needs of investors, especially high technology; for example, specialized training programs in electronics and precision mechanics to match the recruitment requirements of Universal Alloy Corporation Vietnam Co., Ltd in manufacturing aerospace components.
Within the framework of the Seminar, a Memorandum of Understanding was signed between the Investment Promotion and Support Committee and the German Business Association in Vietnam. The Memorandum of Understanding will create an important premise in investment promotion, trade and business connection between Da Nang city and GBA's partners.
Signing Ceremony of Memorandum of Understanding between IPA Da Nang and GBA Vietnam
It is known that the German Business Association in Vietnam has been in operation since 1995, is one of the first foreign business associations present in Vietnam and is a co-founder of the European Chamber of Commerce. Europe (EUROCHAM) in Vietnam. Currently, the Association has more than 350 members who are German businesses and Vietnamese businesses that have trade relations with Germany. The purpose of the association is to cooperate with stakeholders to support German investment in Vietnam, represent the interests of its members to local authorities, and provide useful information on investment. , trade and business in Vietnam for members.
IPA Da Nang
