On November 18 in Cologne (Federal Republic of Germany), the Long An province investment and trade promotion delegation led by Mr. Nguyen Van Duoc - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - attended the "Long An - Cologne Investment and Trade Roundtable Conference" organized by Long An province in coordination with the Vietnam Chamber of Commerce and Industry (VCCI) and agencies and organizations in Germany.
Also attending were 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 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 (GTAI) in Vietnam and representatives of businesses and investors in Germany and Vietnam.
At the conference, Mr. Huynh Van Son - Vice Chairman of Long An Provincial People's Committee - introduced the province's outstanding potential, especially in the fields of industry, renewable energy and logistics. Ms. Dang Thi Thanh Phuong - Vietnamese Trade Counselor in Germany - assessed Long An as a promising locality, not only an ideal destination for manufacturing enterprises but also a leading center for renewable energy and logistics in Vietnam in the future.
Dr. Philipp Rösler - former Vice Chancellor of Germany - commented that Long An not only has a strategic location but also has the ability to closely connect with international trade routes. According to Dr. Philipp Rösler, Long An possesses outstanding natural and man-made advantages which are key factors that foreign investors, especially from Germany, always look for when deciding to invest in a new market.
Mr. Peter Kompalla - Head of the German Industry and Commerce Delegation to Vietnam - pointed out the favorable business conditions that Long An brings to German enterprises. The strong development of industrial zones in Long An, combined with the local government's focus on improving the investment environment, has created a special attraction.
“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 Kompalla.
The presentations all stated that, with a focus on investment in the fields of processing, manufacturing and renewable energy, Long An has been positioning itself as a dynamic economic center of the Southern region.
At the conference, two cooperation agreements with a total value of over 80 million USD were signed. The first agreement 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 over 50 million USD. The second agreement 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 Quick Pack Group's largest high-quality packaging factory project with a value of over 30 million USD serving the household goods, food and medical supplies industries.
Speaking at the conference, Long An Provincial Party Secretary Nguyen Van Duoc expressed his deep gratitude to the delegates, businesses and organizations who attended the conference. Mr. Duoc shared his desire to build an industrial park exclusively for German businesses in Long An, and called for support and connections from partner organizations to realize this vision.
On behalf of the leaders of Long An province, Mr. Duoc committed to creating the best conditions for administrative procedures, infrastructure and incentives to ensure the success of German enterprises' investment projects in Long An.
