Businesses run by Vietnamese people in Germany have been asked toinvest more into their homeland and to strengthen connections withVietnamese partners to boost exports to Germany, as the VietnameseGovernment is simplifying administrative procedures in order tofacilitate investment.

Minister of Planning andInvestment Bui Quang Vinh said this at a meeting with the VietnameseEmbassy’s staff and representatives from the overseas Vietnamesebusiness community in Germany on April 8 as part of his visit to theEuropean country.

He said that Vietnam willcontinue to issue and adjust laws on private and public investment,enterprises and technology transfer.

Accordingto the minister, the country is striving to stabilise its macro-economy,curb inflation, increase competitiveness, intensify economicrestructuring, and reform growth by raising labour productivity andproduct quality.

The equitisation of State-ownedenterprises and the restructuring of private ones are creatingattractive investment opportunities for foreign companies, includingoverseas Vietnamese businesses in Germany, stated Vinh.

During the meeting, the minister also answered businesses’ queries onpublic investment, potential in agriculture and farm produceprocessing, and issues related to environmental protection, safety inbuilding nuclear power plants, and intellectual property rights.

There are now more than 8,000 small- and medium-sized enterprises runby Vietnamese people and those of Vietnamese origin in Germany, mainlyoperating in trade, services, tourism, insurance and food processing.-VNA