Long An – Cologne Investment and Trade Conference: A strategic direction for economic cooperation between Long An province and German enterprises

Overview of the Conference in Cologne

The Long An - Cologne Investment Trade Roundtable Conference was organized by Long An province in coordination with the Vietnam Chamber of Commerce and Industry (VCCI) and agencies and organizations in Germany.

The conference was attended by Member of the Party Central Committee, Secretary of Long An Provincial Party Committee, Chairman of Provincial People's Council - Nguyen Van Duoc; Vice Chairman of Long An Provincial People's Committee - Huynh Van Son; Dr. Philipp Rösler - former Vice Chancellor of the Federal Republic of Germany, Chairman of the Advisory Board of VinaCapital Ventures, General Director of Concessor AG; Mr. Peter Kompalla - Head of the Delegation of the German Chamber of Industry and Commerce in Vietnam; Mr. Uwe Vetterlein - CEO of IHK Köln; Mr. Thomas Hundt - Chief Representative of the German Trade and Investment Promotion Agency in Vietnam and representatives of businesses and investors in Germany and Vietnam.

At the opening of the Conference, Vice Chairman of Long An Provincial People's Committee - Huynh Van Son introduced the province's outstanding potential, especially in the fields of industry, renewable energy and logistics.

Long An owns a strategic geographical location, playing the role of a gateway connecting the Mekong Delta region with Ho Chi Minh City, along with special preferential policies for foreign investors, which have helped the province attract more than 1,367 foreign direct investment projects, with a total capital of more than 12.5 billion USD, ranking 10th out of 63 provinces and cities of Vietnam in attracting investment.

Ms. Dang Thi Thanh Phuong - Vietnamese Trade Counselor in Germany, also assessed Long An as a promising locality thanks to its friendly business environment, modern transport infrastructure system and sustainable development orientation. She also emphasized that Long An province is not only an ideal destination for manufacturing enterprises but also a leading center for renewable energy and logistics in Vietnam in the future.

At the conference, German experts and business leaders spent a lot of time sharing perspectives, experiences and assessing the development potential of Long An in the context of globalization and increasing competition for international investment.

Dr. Philipp Rösler - former Vice Chancellor of Germany, a highly influential figure in the European business and investment community, made optimistic comments about Long An. The province not only has a strategic location but also has the ability to closely connect with international trade routes. He emphasized that Long An possesses outstanding natural and artificial advantages, including a seaport system, inland transportation and modern industrial infrastructure. These are key factors that foreign investors, especially from Germany, always look for when deciding to invest in a new market.

In addition, Mr. Peter Kompalla - Head of the German Industry and Trade Delegation to Vietnam, pointed out the favorable business conditions that Long An brings to German enterprises, the strong development of industrial parks in Long An, combined with the local government's focus on improving the investment environment, have created a special attraction. German businesses, which are known for their high standards in management and technology, consider Long An a potential locality to lay the foundation for long-term development.

“In Long An, businesses not only see policy stability but also feel the sincerity in building long-term partnerships. This is something that German businesses, with their sustainable business philosophy, highly appreciate,” said Mr. Peter.

The presentations all agreed that, with a focus on investment in the fields of processing, manufacturing and renewable energy, Long An has positioned itself as a dynamic economic center of the Southern region.

In particular, in the context of the global economy transforming to adapt to environmental and technological challenges, Long An has clearly demonstrated its ability to stay ahead of the trend.

Dr. Philipp Rösler - former Vice Chancellor of the Federal Republic of Germany and Secretary of the Long An Provincial Party Committee - Nguyen Van Duoc (right)

One of the important highlights of the program was the signing ceremony of two memorandums of understanding with a total value of more than 80 million USD. The first memorandum was signed between the DEG fund of the German Reconstruction Bank and Royal Group on financing renewable energy projects in Long An, with an expected funding level of more than 50 million USD, with the goal of developing clean energy projects to meet the increasing demand for electricity and ensure sustainable development in Long An.

The second memorandum was signed between Dong Tam Group and Quick Pack Group on expanding the scale of investment in the Southeast Asia Industrial Park to implement the project of building the largest high-quality packaging factory of Quick Pack Group with a value of more than 30 million USD to serve the goods, food and medical supplies industries.

The two memorandums signed at the conference not only have impressive numbers but also have great strategic significance in shaping the future of economic cooperation between Long An and Germany.

For Long An, this is an opportunity to enhance its position on the international investment map, promote local economic growth through creating thousands of new jobs, increasing export turnover and improving technological capacity.

Signing memorandum of understanding between German partners and Long An province

Long An Provincial Party Secretary - Nguyen Van Duoc expressed his deep gratitude to the delegates, businesses and organizations attending the conference. He shared his desire to build an industrial park dedicated to German businesses in Long An, and called for support and connection from partner organizations to realize this vision.

The provincial leaders committed to creating the best conditions in terms of administrative procedures, infrastructure and incentives to ensure the success of German businesses' investment projects in the province.

The conference ended successfully, opening up expectations for a sustainable future of cooperation between Long An and German investors.

Before the conference, the Long An Provincial Delegation had a working session and survey at Quick Pack Group - a business that has an investment project in the province. After appreciating the development potential and enthusiastic support from the local government, the Group decided to expand its scale and build the largest factory in Long An. This is a clear demonstration that the investment environment of Long An province has truly built trust with German investors.

With a strategic vision, close support from the government and an increasingly improving investment environment, Long An is gradually affirming its position on the investment map in Vietnam, especially in the eyes of partners from Germany. This is a golden opportunity for Long An to affirm its position in the international arena, strongly attracting the attention of foreign investors. At the same time, FDI projects not only contribute to creating jobs, promoting local economic growth but also increasing export turnover and significantly improving technological capacity, bringing Long An closer to the goal of becoming the leading modern economic - industrial center in the region.

According to the schedule in Germany, the delegation is expected to attend the Vietnam Investment Capital Conference in Frankfurt organized by the Vietnamese Embassy in Germany in coordination with leading organizations and banks in Germany and Vietnam. On the sidelines of the Conference, Long An provincial leaders will have important meetings with leaders of diplomatic agencies and leading banking organizations in Germany./.

By Truong Giang - Translated by Q. Thien

Source: https://baolongan.vn/hoi-nghi-thuong-mai-dau-tu-long-an-cologne-huong-di-chien-luoc-cho-hop-tac-kinh-te-giua-tinh-long-an-va-doanh-nghiep-duc-a185906.html