Ha Noi, Frankfurt seek to deepen economic, tourism ties

Ha Noi and Frankfurt have significant potential to expand cooperation in digital transformation, sustainable technology, trade and finance, Frankfurt Mayor and Head of Economic Affairs Nils Kößler emphasised.

The Ha Noi People’s Council delegation at Frankfurt City Hall. (Photo: VNA)
The Ha Noi People’s Council delegation at Frankfurt City Hall. (Photo: VNA)

He made the remarks during a working session with a delegation of the Ha Noi People’s Council, led by Vice Chairwoman Pham Thi Thanh Mai, at Frankfurt’s Römer City Hall on September 28 to discuss opportunities to strengthen economic and tourism ties between the two cities.

Kößler described Ha Noi and Frankfurt as “drivers of their respective regions and gateways to the world.” He said Ha Noi is one of Southeast Asia’s dynamic economic centres, with strong growth, innovation capacity and future-oriented industries.

Frankfurt, meanwhile, is one of Europe’s leading financial and logistics hubs, home to an international airport and the DE-CIX Internet exchange. These advantages could make the city an ideal gateway for Vietnamese businesses seeking to expand into the European market, he said.

Mai, for her part, said Ha Noi wants to further deepen its cooperation with Frankfurt and Hessen state and hopes to attract more businesses, investors and tourists from the German city and state.

According to Mai, Frankfurt is a gateway to Germany for many Vietnamese people. Direct air routes connecting Ha Noi and Ho Chi Minh City with Frankfurt, together with growing economic ties, provide an important foundation for stronger connectivity between the two sides.

Cultural ties have also been strengthened through activities of the Goethe-Institut in Ha Noi and various cultural and artistic exchange programmes.

Economic cooperation between Frankfurt and Viet Nam has developed over many years. Frankfurt Economic Development established ties with Viet Nam following a visit in 2009, while VietinBank established a presence in Frankfurt a year later. During 2022-2023, FrankfurtRheinMain GmbH International Marketing of the Region (FRM GmbH) opened a representative office in Viet Nam.

A number of businesses and organisations from Frankfurt and Hessen state have also expanded their operations in Viet Nam. Messe Frankfurt has organised and participated in trade fairs in the country, while Frankfurt-based Deutsche Bank and KfW maintain offices or branches in Viet Nam. Hessen-based companies including Messer, Stada and Braun have also developed production facilities in Viet Nam.

The Frankfurt side noted Viet Nam’s strong economic growth over recent decades and its emergence as one of Southeast Asia’s fastest-growing economies, with Ha Noi playing an important role in the national economy.

VNA
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