A delegation of 12 Vietnamese enterprises is taking part in the world leading industrial and IT fair Hannover Messe in Germany in a bid to showcase products, study the market, and form partnerships.
Highlighting environmentally friendly production, this year’s expo attracts some 4,000 exhibitors from 100 countries worldwide. The Vietnamese delegation is sent to the event by the Vietnam Software and IT Services Association (VINASA).
At the Vietnamese space on April 17, VINASA together with the Vietnamese Trade Office in Germany held a networking event themed ‘industrial digital transformation’.
Vu Phuong Thao, director of VINASA's business development services department, said this is the third time association has sent Vietnamese firms to the fair.
According to her, Vietnam’s ICT industry reeled in about 148 billion USD in revenue last year, up 8.7% year-on-year. Turnover of the software and IT services contributed more than 1.97 billion USD to the sum, and is expected to hit 50 billion USD and 150 billion USD in the next 10 and 20 years, respectively.
Do Viet Ha from the trade office said digital transformation is among key cooperation sectors mentioned by the Vietnamese Ministry of Industry and Trade and German Federal Ministry for Economic Affairs and Climate Action in the minutes of the 2nd session of the Vietnam-Germany joint committee on economic cooperation. This, coupled with the EU-Vietnam Free Trade Agreement taking effect, is conducive to the sides’ capitalisation on their collaboration potential in technology, she noted.
Nguyen Manh Hai, the counselor overseeing the Vietnamese Embassy’s investment section, said that Germany is one of the largest ICT markets in the world and the largest software market in Europe with about 100,000 IT companies.
Hai said ample room remains for two-way investment in digital technology and transformation, which is needed to be actively tapped by the Vietnamese and German sides in the near future for improved cooperation and investment in related services./.
- German inflation eases in October to lowest level in two years
- Germany’s Lower Saxony state interested in expanding partnership with Vietnam
- Minister receives German business delegation
- Việt Nam, European Union and Germany begin project to strengthen public finances
- More German rubber firms wish to expand business cooperation in Vietnam