Many agreements for strategic partnership between FLC Group, Bamboo Airways and international partners were signed at the Investment Promotion Forum jointly held by the Vietnamese Embassy in Germany and FLC Group on March 8th, 2022 in Frankfurt (Germany).

The event attracted the attendance of nearly 300 senior leaders, investors, representatives of financial institutions, investment funds and businesses, press and media agencies from Germany, Vietnam and many other countries.

Key market

Mr. Dang Chung Thuy from the Vietnamese Embassy in Germany said that Germany has been Vietnam’s leading commercial partner in the EU, and Vietnam has also strived to become the most significant commercial partner of Germany in Southeast Asia after over a decade of strategic incorporation.

Such achievements are embraced by the reckless effort in connecting the Governments of the two countries, as well as a strong desire of the business community within each nation for mutual cooperation. In fact, many large corporations in Vietnam have been increasingly enthusiastic in looking for partnering and collaboration opportunities with the purpose of meeting strict demands of the German and EU markets. A typical example remains with FLC Group – a proactive corporation with significant contribution in the fields of tourism infrastructure, aviation and real estate.

Mr. Dang Chung Thuy – representative of the Vietnamese Embassy in Germany.

With regards to the decision of choosing Germany as the first destination for a series of international promotion activities in 2022, Mr. Trinh Van Quyet – Chairman of FLC Group - emphasized that Germany has established itself as an extremely potential market following the residence of more than 200,000 Vietnamese people.

“Bamboo Airways has built a bridge that connects Vietnam with the largest airport in Germany. That is Frankfurt Airport. Germany and Vietnam have both well controlled the pandemic, followed by policies for safe resumption in order to attract investment and place everything back to the normal state. Since the organization of this event today is considered to be crucial, it should and has to be done”, said Mr. Quyet.

The Chairman of FLC Group also revealed that Bamboo Airways will rapidly expand the flight network to other major cities of Germany, and thereby turning this country into one of the most important markets of this air carrier in Europe.

Mr. Trinh Van Quyet – Chairman of FLC Group - speaks at the event.

According to Mr. Roft Schulze – Former Ambassador of Germany to Vietnam and President of the German-Vietnamese Friendship Association - FLC Group and Bamboo Airways have been adequately taking advantage of the opportunities derived from the strategic partnership between Vietnam and Germany.

He believed that Bamboo Airways launching the air route to Frankfurt is a significant factor that helps strengthen the relationship between the two nations.

“I am very delighted, and I have made a request to the Chairman of FLC Group that it is of high necessity to launch flights to Berlin and Munich soon. When it happens, I will definitely be the first one stepping on the plane flying from Berlin to Vietnam”, said Mr. Roft Schulze.

Expansion of partnership

At the event, the information associated to FLC Group’s ecosystem attracted massive attention from German senior leaders, representatives of ministries and business community.

Answering questions pertaining to the demand for investment cooperation with the German market, Mr. Dang Tat Thang – Vice Chairman of FLC Group, General Director of Bamboo Airways – said that Bamboo Airways and FLC Group wish to partner with German businesses that operate in the 5 following sectors: M&A and real estate; project engineering and management; real estate distribution; customer search; and travel agency.

Among those, Bamboo Airways has been preparing for air routes to Berlin and Munich in order to foster tourism cooperation between Germany and Vietnam. Cargo flight network is also expanded by the airline to provide access for more German goods to Vietnam, and to promote export of Vietnamese agricultural products to Germany.

Many German investors expressed their investment interest in tourism and resort real estate in the emerging market of Vietnam.

Showing their interest in Vietnam’s tourism, resort real estate, many German investors raised questions about Vietnam’s investment incentive policies as well as assistance from FLC Group for them in these areas.

According to Mr. Dang Tat Thang, many projects of FLC have contributed to activate Vietnam’s tourism potentials, and bring in massive benefit for investors. FLC has been active in investment research and legal promotion process for more than 300 projects throughout Vietnam.

Mr. Thang confirmed that this is a great opportunity for German investors to cooperate in project development, management and operation across the resort complexes that possess the most comprehensive investment in Vietnam.

Chairman of FLC group Trinh Van Quyet said that German businesses that wish to invest in the Vietnamese market must consider the comprehension over investment policies and procedure in the hosting country to be vital.

Based on its experience in developing investment projects in 58 cities and provinces in Vietnam, FLC Group is ready to provide assistance and consultation for German investors’ effective investment in Vietnam in the above sectors.

“We want German businesses to have a better view and understanding of Vietnam’s 100-million-people market, one of the most attractive markets in Southeast Asia”, said the Chairman of FLC Group.

Mr. Trinh van Quyet – Chairman of FLC Group - talked with guests at the event.

Cooperation with strategic partners established

At the event, three important agreements were inked between Bamboo Airways and strategic partners based in Germany. These include AVIAREPS Group – General agent of Bamboo Airways in Germany; Airbridge International Agencies (AIA) – General cargo agent of Bamboo Airways in Germany; Lufthansa Technik – Technical company owned by Lufthansa, Germany’s largest aviation enterprise.

After these deals, it is expected that Bamboo Airways will set up partnership with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) for engine support and maintenance.

Three important agreements were signed between Bamboo Airways and its strategic partners in Germany.

Once completed, the agreements will act as a solid foundation allowing Bamboo Airways to improve the service quality, and simultaneously promote its activities in a powerful manner in Germany in particular and the Europe in general.

The investment promotion week organized by FLC Group in Germany on March 8-14 is the start of many international promotion activities that have been planned for 2022. The next important event is going to be the Vietnam Week in the UK, held in the last week of March.

Previously, a number of large-scale roadshows were organized by FLC Group in the US, Singapore, South Korea and Japan in 2017 – 2019, which attracted great attention from partners and investors. Importantly, these roadshow events have set a platform for FLC Group's journey to connect and promote investment in key international markets.

PV