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Germany's Baden-Wuerttemberg state opens rep office

Released at: 16:23, 05/07/2017

Germany's Baden-Wuerttemberg state opens rep office

Photo source: Delegate of German Industry and Commerce in Vietnam

Office to provide information on markets, enterprises, and the business environment in Baden-Wuerttemberg and also support German enterprises seeking partners in Vietnam.

by Minh Tuyet

The state of Baden-Wuerttemberg in Germany opened a representative office in the Delegate of German Industry and Commerce in Vietnam on July 1.

The representative office will provide information on markets, enterprises, and the business environment in Baden-Wuerttemberg and also support German enterprises seeking partners in Vietnam.

Located in southwest Germany, Baden-Wuerttemberg is an important economic center in the EU and attracts a lot of investment to the continent. Bordering France, Austria, and Switzerland, it is an ideal gateway to the EU and its 500 million people. The state always leads in exports and makes a major contribution to Germany’s economy.

Its GDP in 2015 was about $522 billion; higher than in Belgium, Sweden, and Austria. Export turnover totaled $221 billion.

Many global enterprises such as Daimler, Bosch, SAP, GFT Technologies, and Porsche have chosen the state for the site of their headquarters. Its strength, however, is based on the large number of small and medium-sized enterprises in the IT sector.

Regarding the fourth industrial revolution, Baden-Wuerttemberg ranks first in the EU in research and development with prestigious brands such as Fraunhofer and Max-Planck. Engineering and IT are two key industries in the state, making it a leader in the fourth industrial revolution, in which machinery and humans are connected via the internet and digitalization.

More than 4,000 foreign investors have selected Baden-Wuerttemberg as their investment destination thanks to its convenient and modern infrastructure, well-qualified workers, and potential IT customers.

Established in 1993 in Vietnam, the Delegate of German Industry and Commerce represents the Federal Ministry for Economic Affairs and Energy. It supports and accelerates business and investment between German and Vietnamese enterprises. Annually, hundreds of German companies are supported when seeking investment opportunities in Vietnam. Besides business, it also cooperates with German enterprises to implement vocational projects and renewable energy projects, and helps Vietnamese enterprises enter the German market.

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