The German Embassy in Vietnam on December 3 announced that, on behalf of the Federal Government of Germany, Ms. Gisela Hammerschmidt, Deputy Director of the Federal Ministry for Economic Cooperation and Development (BMZ), has pledged a total of €185.5 million ($216 million) for development projects in Vietnam over the next two years.
This commitment resulted from bilateral intergovernmental negotiations between Germany and Vietnam, which took place at the end of November 2025 in Hanoi.
Of the total amount, €25.5 million ($29.6 million) will be allocated for advisory projects within the framework of technical cooperation. Additionally, Germany will provide €160 million ($186 million) for sustainable investments in enterprises. Both countries aim to deepen cooperation in renewable energy and vocational training. A new focus of the bilateral cooperation is to enhance collaboration with the private sector.
Economically and developmentally, Germany is currently Vietnam's most important partner in Europe, and this relationship is expected to be strengthened further.
Moreover, the two sides have achieved a significant breakthrough by agreeing on the Technical Cooperation Guidelines (TC-Guidelines), which aim to significantly shorten the project appraisal and implementation process, enhance coordination, and improve project-level execution efficiency.
With these new commitments, Germany continues to expand its support for Vietnam in the year marking the 50th anniversary of the establishment of bilateral diplomatic relations. To date, since the establishment of development cooperation, Germany has provided Vietnam with over €3 billion.
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