Sovico and Hamburg Forge New Partnership in Aviation and Logistics

On October 13, 2026, Sovico Group formalized a partnership with the Free and Hanseatic City of Hamburg, Germany, during a ceremony held at HDBank headquarters in Ho Chi Minh City. This agreement aims to broaden cooperation in sectors including aviation, railways, finance, logistics, technology, and education, coinciding with Vietnamese Entrepreneurs' Day.

Dr. Nguyen Thi Phuong Thao, the Chairwoman of Sovico, welcomed Mr. Peter Tschentscher, the Prime Minister and First Mayor of Hamburg, along with his delegation. The meeting fostered discussions on leveraging Germany's industrial, technological, and financial strengths to meet Vietnam's robust development needs. Attendees included notable figures such as Mr. Kim Byoungho, Chairman of HDBank, and Dr. Philipp Rösler, former Deputy Prime Minister of Germany.

During the meeting, Dr. Thao highlighted the longstanding collaboration with German partners over the past three decades, emphasizing achievements in technology, healthcare, finance, and aviation. She proposed enhancing direct air connections between Vietnam and Germany and developing airport infrastructure, logistics, urban rail systems, maritime transport, and supporting industries. "Now is the time for all parties to share visions, connect resources, and create sustainable values," Dr. Thao stated.

“Now is the time for all parties to share visions, connect resources, and create sustainable values.”Dr. Nguyen Thi Phuong Thao, Chairwoman of Sovico

Mr. Tschentscher showcased Hamburg's strengths in aviation, maritime, railway, and technological research, sharing insights on developing public transport systems and connecting seaports with logistics networks. He expressed Hamburg's commitment to contributing to Vietnam's infrastructure development and economic growth.

In finance, the partnership has already seen tangible results, particularly through DEG, a subsidiary of Germany's KfW Development Bank Group, which has invested in HDBank for over five years. The collaboration has also established a German Desk service to facilitate investment and trade opportunities between Vietnamese and German businesses.

“The Hamburg delegation looks forward to exploring new collaboration opportunities that will strengthen ties between Hamburg and Ho Chi Minh City.”Liv Assmann, Representative of Hamburg

Later that day, at the "Hamburg - Sovico Strategic Business & Partnership Forum 2026," the discussions continued, reflecting on the shared history and future aspirations of the partnership. Dr. Thao reminisced about the cultural connections and significant milestones, including the delivery of Airbus aircraft to Vietjet in Hamburg over the past decade.

"I believe that every country has the right to set ambitious goals and strive to realize its aspirations," Dr. Thao remarked, underlining the importance of long-term vision and effective collaboration to achieve these goals. The partnership agreement is seen as a framework to promote various programs and projects, enhancing the relationship built on trust and mutual benefit.

Liv Assmann, a representative from Hamburg, expressed enthusiasm for future cooperation, stating, "The Hamburg delegation looks forward to exploring new collaboration opportunities that will strengthen ties between Hamburg and Ho Chi Minh City, as well as between Hamburg and Vietnam as a whole." The agreement signifies a commitment to action, with hopes that the ideas exchanged will materialize into viable projects and measurable outcomes.