Exploring business opportunities between Vietnam and German State of Bremen

The robust development of economic relations between Vietnam and Germany in recent years has paved the way for Vietnamese enterprises to export and directly invest in various German states, including the State of Bremen – the ideal location considered a 'gateway' for Vietnamese goods to enter the European market.

Within the program’s framework to support and provide essential information, facilitating Vietnamese enterprises in exploring and seizing business opportunities in Germany, Bremeninvest - the Economic Development Agency of the State of Bremen, in collaboration with KMG Capital, organized a trade and investment promotion seminar of Bremen State (Germany) in Hanoi for Vietnamese and Bremen enterprises on May 30, 2024.

Bremeninvest is a governmental agency under the Ministry of Economy, Ports, and Transformation of the State of Bremen. Playing the connecting role, Bremeninvest consistently assists Vietnamese enterprises with complete support services and information for their ventures and exploiting the business opportunities in Germany.

Bremeninvest is currently present in many countries such as Vietnam, China, Turkey, the United Kingdom, and the United States, to name a few. The agency has been organizing various trade and investment promotion programs to facilitate foreign businesses and individuals in investing and doing business in the state, and vice-versa helping Bremen-based enterprises expand their influence globally.

Exchanging at the seminar, Ms. Hoang Thi Huong, Representative of Bremeninvest in Vietnam, highlighted that the State of Bremen is renowned as an industrial hub with a long history of trade thanks to its advantageous geographical location in the northwest of Germany and its excellent policies in promoting free trade, manufacturing, and trading for enterprises.

In addition to the office network across various continents, Bremeninvest collaborates with organizations, government agencies, and German trade institutions worldwide to provide the most effective support for international trade projects.

Mr. Kolja Umland, Director of ASEAN and Vietnam, Bremeninvest, emphasized the potential for substantial and extensive economic and investment cooperation between Vietnamese enterprises and those at the State of Bremen. He also affirmed that Bremeninvest strongly supports Vietnamese businesses entering the new markets.

Via this seminar, Bremeninvest hopes to support and address comprehensive information that Vietnamese businesses seek to understand in order to access investment opportunities in the Bremen/Germany market. Moreover, this is an opportunity for partnering in export, enabling enterprises on both sides to gain a clear understanding of the legal procedures and regulations when investing or exporting goods in Germany and Vietnam.

The SV Werder Bremen football club, well-knowned in the State of Bremen for its fan base and extensive history in Bundesliga, requires no introduction. Alongside Bremeninvest's endeavors in Vietnam, SV Werder Bremen has actively participated in football initiatives for Vietnamese children since 2018.

Mr. Dominik Kupilas, representing SV Werder Bremen, perceives youth football training in Vietnam as a significant opportunity for deeper collaboration between the State of Bremen and Vietnam. Hence, the involvement of businesses and sponsors is highly essential.

After this seminar, SV Werder Bremen and KMG Capital’s partners wish for their unwavering cooperation in football training and comprehensive support to vulnerable communities.

KMG Capital, a recently established investment fund in Vietnam, has actively fostered trade relations between Vietnam and key partners including the Republic of Korea, Japan, and the United States. During the seminar, Mr. Pham Phuong, Director of Foreign Affairs - KMG Capital, highlighted the emergence of a collaborative trend within the Vietnamese business community in supporting innovative startups. In alignment with this trend, KMG has established the KMG Creative Startup Investment Fund.

KMG Capital aims to generate enhanced value for investors and shareholders through impactful investments in promising startups. It seeks to leverage leading trends in high-tech startups, green transformation, and digitalization, offering distinctive value propositions.

According to Mr. Phuong, KMG Capital will establish a portfolio of companies, assisting investors in exploring the best investment opportunities in Vietnam by leveraging extensive networks, investment expertise, analytical capabilities, and financial acumen of KMG Capital's pool of specialists.

At the seminar, Vietnamese companies that successfully set up and operated in Bremen, Germany also shared their business experience in this country. These firsthand accounts offer Vietnamese participants authentic and precise insights to apply in specific sectors in the future.

Active contributions to the success of this seminar were also made by the significant support from organizations such as VOV, VCCI, the Vietnam Association of Small and Medium Enterprises, the Association of Foreign Investors, and entrepreneurs: Khoedepplus.de (D.Homes GmbH), Natrumax, Pro-Green Life, and Hibiso (Anto Tea).

Source: VOV