Harris and Trump make final push in must-win Pennsylvania    Drones and snipers on standby to protect Arizona vote-counters    India's Modi condemns violence after Canada temple incident    Elon Musk can keep giving $1m to voters, judge rules    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Tourism Development Fund launches "Tourism Empowerment" programs to enhance sustainable growth of SMEs    Saudi crown prince, Tunisian president review bilateral relations in phone call    SFDA Chief visits premier biotechnology and medical firms in China    Al-Khereiji: Collective action in combating terrorism is a must for achieving stability and prosperity    Saudi Awwal Bank becomes the Kingdom's first bank obtaining ISO certification for quality management system in operations    10 cooperation agreements signed during Saudi-Turkish Business Forum in Istanbul    Saudi Arabia's non-oil revenues grow 6% in 9 months while Q3 budget posts SR30 billion deficit    Quincy Jones, titan of US music, dies aged 91    Enhancing zakat, tax, and customs compliance takes center stage at the Zakat, Tax, and Customs Conference 2024    Neymar expected to join Al Hilal squad for AFC clash against Esteghlal, says coach Jesus    Al Qadsiah secure 2-0 victory over Al Ettifaq in first Eastern Derby since 2021    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    Teri Garr, Young Frankenstein and Tootsie star, dies at 79    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Germany provides sees strong economic prospects in Vietnam
Published in Saudi Press Agency on 06 - 03 - 2008

German Chancellor Angela Merkel and Vietnamese
Prime Minister Nguyen Tan Dung pledged to work to enhance cooperation
in the economic sphere, education and the law when they met in Berlin
Thursday, according to dpa.
Merkel highlighted the significance of the German input into a
planned underground rail project in Ho Chi Minh city and into a
German-Vietnamese university, calling them "symbolic."
Agreements relating to both were signed in the presence of the two
leaders.
German engineering company Siemens is a strong contender for the
underground railway, estimated to cost 800 million euros (1.2 billion
euros), although Dung stressed the company "has much work to do"
before the deal is sealed.
Germany has put together a financial package of some 240 million
euros for the project, including 86 million euros in aid and the rest
in low-interest loans from the KfW state reconstruction bank. The
European Investment Bank (EIB) and Austria are also involved.
Dung described the meeting as "very, very good," adding he had
pressed Merkel to visit Vietnam.
While he welcomed the German financial assistance, he indicated
more would be welcome and he urged Germany to assist with poverty
reduction and meeting the UN Millennium Goal in this regard.
He also called for more German private sector investment in the
impoverished South-East Asian country.
Merkel highlighted Vietnam's rapid economic growth - put at 8.2
per cent in 2006 - but said the country faced "a large task in
developing rural areas."
"The key to success is good education," the German chancellor
said.
Regarding cooperation in the legal area, Merkel stressed the need
for Vietnam to observe intellectual property rights.
Earlier German Economics Minister Michael Glos focused on the
opportunities for German companies in Vietnam.
"I see outstanding opportunities if the pace of reform in Vietnam
is maintained," Glos said.
Glos and Dung opened the seventh meeting of the German-Vietnamese
dialogue forum. The forum was set up in 1996 to discuss political and
economic cooperation between the two countries.
Last week, German Foreign Minister Frank-Walter Steinmeier visited
Vietnam during a tour of the region, expressing confidence German
companies would be successful in bidding for the underground rail
project.
Germany is Vietnam's largest trading partner within the European
Union, with mutual trade rising 40 per cent in 2007 to 3.4 billion
euros, although one-off deliveries of Airbus aircraft and railway
engines inflated the figures.


Clic here to read the story from its source.