The Bavarian delegation's visit comes at a time when Germany has solidified its position as Vietnam's largest EU trading partner, with a trade volume reaching €17.2 billion in 2023. The growth trajectory is promising, with imports from Vietnam rising by 3.7%. This flourishing trade relationship is underpinned by the strong presence of over 500 German firms in Vietnam, including 80 manufacturing plants.
During their stay, the Bavarian delegates engaged in various activities, including meetings with local business leaders and visits to German-operated facilities. These interactions serve to reinforce the already strong economic ties and explore new avenues for collaboration, particularly in sectors where Germany excels, such as cutting-edge technologies, mechanical processing, and plastic products. In this context, Bavarian excellence in automation equipment was showcased through companies’ presentations at the specialized forum on the second day. Engaging in B2B networking sessions afterward enabled Vietnamese and Bavarian companies to establish valuable connections and explore potential collaborations.
The delegation's visit is not only a testament to the existing economic bonds but also a step towards a future where the partnership can evolve. With Vietnam's participation in significant free trade agreements like the EU-Vietnam Free Trade Agreement, the growth potential is immense.
AHK Vietnam has been instrumental in this economic exchange. As the official representative of the state Bavaria in Vietnam, AHK Vietnam supports businesses from both sides, especially German enterprises with services like market entry, business development, and investment location analysis. Our efforts are crucial in organizing delegation trips and facilitating events that connect investors and companies from both nations.
