Joe Kaeser, president and CEO of Siemens, has urged German enterprises to invest into Vietnam in an effort to diversify the European country’s supply chain.
The statement by Kaeser came at the Asia-Pacific Committee for German Business (APA), which was held on October 19 through an online format.
Speaking at the event, Kaeser stressed that aside from China, both Vietnam and Indonesia represent important investment destinations.
According to him, many multinational companies have made strong investments in the country, while Germany has strived to promote dual vocational training in a bid to supply skilled workers to the local labour market.
Kaeser expressed his belief German businesses can swiftly find relevant business investment activities in Vietnam if they focus on diversifying their supply chain.