Vietnam 

German firms seeks to sell machine tools in VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A conference to introduce innovations in production technology and machine tools from Germany in HCM City on Tuesday. – Photo dangcongsan.vn HÀ NỘI — The German Machine Tool Builders’ Association and the Delegate of German Industry and Commerce in Việt Nam on Tuesday in HCM City held a conference to introduce production technology and machine tools from Germany. German firms at the conference sought opportunities to export tools and technologies to Việt Nam for several industries, such as mechanics, automobile manufacturing, aviation industry and medical equipment. Việt Nam has experienced increasing demand…

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To understand the impact of digital disruption on business, take German lessons

Asia is a manufacturing powerhouse that has fostered countless fast-growing businesses. In a future that will be shaped by technologies we know – such as artificial intelligence, blockchain and the Internet of Things – and others that are emerging, industrialists, manufacturers and entrepreneurs want to know how their businesses must evolve to compete.The new wave of smarter, highly connected machines used in production is a hallmark of Industry 4.0, the fourth industrial revolution. The term… Source link

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Vietnam 

VinaCapital Ventures names Việt Nam-born former German vice chancellor advisory board chairman – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — VinaCapital Ventures, the technology investment company of VinaCapital, on Friday announced the appointment of Dr Philipp Rosler, former German vice chancellor, as the chairman of its advisory board. Rosler will provide counsel to both VinaCapital Ventures and its investees. Born in Sóc Trăng Province, he was adopted at a young age and grew up in Germany. In 2011 he became vice chancellor and minister of economics and technology, and became actively engaged with and promoted the start-up community. He was…

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Deutsche Bank ready to help German companies’ China ambitions as trade war pushes Beijing closer to Europe, says Asia chief

Deutsche Bank said it is ready to support German companies’ growing ambitions in China. It expects German firms to increase their investments as the US-China trade war prompts Beijing to deepen its ties with Europe, according to the banking giant’s Asia-Pacific boss. As the trade war with the US escalates, China has become more receptive to proposals by other foreign companies for market access, in a gesture to show the country is still opening up to the rest of the world. In October, German car maker BMW said it would…

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China 

German firms ‘will invest more in China’ despite trade war and scepticism over its opening up

For German firms, the trade war and slow reform are not sufficient reasons to slow investment in the world’s largest consumer market. Most German companies will ratchet up their investment in China, despite the ongoing economic uncertainty created by the US-China trade war, according to a new survey. Two-thirds of German firms currently doing business in China said they plan to up their spending within the next two years, even though many are worried about China’s economic outlook and dissatisfied with the pace of reform. Over half said they consider…

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German private equity fund bets on bitcoin mining in cryptocurrency slump

While thousands of miners in China, hurt by the recent slump in bitcoin, have called it a day, German private equity firm Xolaris is preparing to launch a US$50 million bitcoin farming fund targeting Asian investors. The Munich-based private equity manager’s entry into the Asian market, including a new office set up in Hong Kong in July, comes at a time when cryptocurrencies have lost as much as US$700 billion in market capitalisation this month.   Stefan Klaile, managing partner of Xolaris Group, said subscription for the Asian fund would…

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Vietnam 

VN big market for German tool makers – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Việt Nam was the fourth biggest market among ASEAN countries for German machine tool manufacturers, following Thailand, Indonesia and Singapore, according to the German Machine Tool Builders Association (VDW). Christoph Miller, head of the trade fair department at VDW, said: “For German manufacturers, ASEAN is a major customer region with a highly dynamic character. More and more production is being generated in the ASEAN region or being relocated from other markets into the ASEAN region. For the most part, these trends are…

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Vietnam 

Hà Nội welcomes German investment: municipal leader – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Aquaone and Germany AoneDeusheuche signed a MoU for investment co-operation on solar panels on top of the water treatment system at the Đuống River water treatment plant. — VNS Photo Viet Nam News HÀ NỘI — Hà Nội is willing to assist German investors by connecting them with Vietnamese businesses to run projects in the capital city, said Chairman of the municipal People’s Committee Nguyễn Đức Chung. Chung made the statement while receiving Martin Dulig, Deputy Minister-President…

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Vietnam 

German businesses want to expand investment in Việt Nam, says survey – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A corner of TRUMPF Việt Nam Company Ltd, a German business in HCM City. The company provides businesses with local sales, spare parts and service. — Photo baodautu.vn Viet Nam News HCM CITY — German business expectations remained largely positive in Việt Nam, according to the annual AHK World Business Outlook report compiled by the German Chambers of Commerce Abroad. The survey into German business insights in Việt Nam and around the world on current future economic development covered more than 3,500 German businesses worldwide to assess their…

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