More than half of German businesses in Vietnam intend to expand activities

Vietnam continued to be an investment destination for German businesses with high expectations of economic development in the medium term, according to a world business outlook report 2019 released in Hanoi on Thursday by the Association of German Chambers of Commerce and Industry in Vietnam.

The AHK outlook was conducted with the participation of nearly 1,000 German entrepreneurs in Vietnam in April.

77 per cent of German businesses in the country said their business situation was better this year, much higher than the average of Southeast Asian countries of 61 per cent. More than half of them intend to expand their activities but stated that the country's economic policy would be a challenge to their development within the next 12 months.

Representative of AHK Vietnam Marko Walde said many German businesses wanted to do business in the long term from 20 years to 30 years in Vietnam and needed an encouraging business and investment environment.

Source: VOV5