DV Hub stands for Business and Innovations Hub for Vietnam.
DV Hub is a multiplier and coordinator of German-Vietnamese cooperations related to business development, to promote entrepreneurship, innovation and international expansion of trade.
For this purpose, DV-Hub has developed various education and support programs that contribute to strengthening the management skills of alumni, promoting international entrepreneurship and networking with internationally oriented companies.
Why is Vietnam important as a business partner?
The economic relations between the two countries continue to grow. In 2019 Germany defended its position as Vietnam’s largest EU trading partner, with a share of 20 percent of Vietnam’s total exports to the EU. With regard to investments up to May 2019, Germany has carried out 328 FDI projects with a total registered capital of more than 1.98 billion US $.
German and Vietnamese companies expect further impetus from the free trade agreements entered into force on August 01, 2020 between the EU and Vietnam.
The elimination of bilateral tariffs and export taxes, together with the reduction of non-tariff barriers affecting the cross-border exchanges of goods and services, are expected to boost bilateral trade considerably and to create new opportunities emerge to access markets across a range of sectors, covering goods, services, and investment for both sides.