The leaders recognized the rapid and sustainable development in the two country's relations, and noted with pleasure the effectiveness of bilateral cooperation mechanisms.
The leaders agreed to increase bilateral trade to 20 billion USD and German investment capital to 5 billion USD in the next five years.
They also agreed to create optimal conditions for their countries’ businesses to strengthen cooperation, especially in manufacturing, electronics, renewable energy, infrastructure, consumer goods, and agro-fisheries products.
Regarding East Sea issues, Merkel re-stated Germany’s support for Vietnam and ASEAN’s desire to settle any disputes through peaceful means and in line with international law, especially the 1982 UN Convention on the Law of the Sea (UNCLOS), and the Declaration of Parties in the East Sea (DOC).
