Frankfurt RheinMain meets Ho Chi Minh City -

A delegation led by Frankfurt's Lord Mayor Peter Feldmann is currently in Vietnam to promote Frankfurt RheinMain as a business location. The FRM GmbH organised a round table discussion entitled "Frankfurt RheinMain meets Ho Chi Minh City" as part of this delegation.

Peter Feldmann, Chairman of the Supervisory Board of FRM GmbH and Lord Mayor of the City of Frankfurt: "Even in times of the pandemic, it is important to stay in personal contact. Frankfurt and Ho Chi Minh City have been closely connected for years, also through joint projects. Messe Frankfurt maintains a representative office in the Vietnamese metropolis, the Frankfurt University of Applied Sciences (FUAS) and Da Nang University cooperate in the subjects of business administration, electrical engineering and automation. In turn, the airline Vietnam Airlines, Vietin Bank and the automobile and electric motorcycle manufacturer Vinfast have found a second home in Frankfurt. Our region is also certainly an interesting market for the new generation of Vietnamese companies - and a door opener for Europe."

The Frankfurt delegation took the opportunity to talk to representatives of Vietnamese companies interested in expansion to promote investment in Frankfurt RheinMain as a business location. In his welcoming address, Lord Mayor Feldmann emphasised that the region's central location and excellent connections make it the perfect location for companies planning to do business in Europe. Frankfurt is the most international city in Germany, he said, so it is hardly surprising that many people with Vietnamese citizenship live here today - and the trend is rising.

"The great interest in our networking event was very pleasing despite ongoing Covid challenges. The economy in Vietnam has changed dramatically in recent years. Emerging Vietnamese companies are planning to expand into Europe in the future. Frankfurt RheinMain is the perfect location for these companies due to its internationality, excellent connections to European markets and business location for numerous key industries. It is important to position ourselves here at an early stage and welcome the companies," says Eric Menges, President & CEO FRM GmbH.

In 2020, the Vietnamese economy was one of the few in the world to achieve positive growth of 2.9 percent in real terms. Economic integration into the world market led to the country's accession to the World Trade Organisation (WTO) in 2007. In 2019, representatives of the EU and Vietnam signed a free trade agreement with the aim of further intensifying economic exchange.

Numerous globally active companies such as Samsung, Intel, Canon, Panasonic and Foxcon have invested heavily in manufacturing facilities in Vietnam. With the internationally active company Vinfast, there has been a Vietnamese car manufacturer for several years with big plans for the future and its headquarters in Frankfurt.