Chief Representative of AHK Vietnam Marko Walde (second from right) discusses about investment environment with participants at the conference in Hanoi on June 20 (Photo: VNA)Hanoi (VNA) - Vietnam needs to develop domestic support industries andindustrial clusters to create collaborate opportunities among domestic andforeign businesses, allowing easier experience and technologies exchanges,according to a report.
The AHK world business outlook 2019 was released in Hanoi on June 20 by theAssociation of German Chambers of Commerce and Industry (AHK) in Vietnam at apress conference.
The outlook, conducted with the participation of nearly 1,000 Germanentrepreneurs in Vietnam from April 1 to April 31 this year, showed Vietnamcontinues to be an investment destination for German businesses with highexpectations of economic development in the medium term.
“German enterprises continue to see positively about the development situationof their businesses as well as the prospects for growth in 2020, despite theinstability of the global economy due to escalating trade tension,” the outlooksaid.
As many as 77 percent of German businesses in Vietnam said their businesssituation is better this year, much higher than the average of Southeast Asiancountries of 61 percent.
With many achievements in economy, investment and social development in 2018, Vietnamreceived confidence from German enterprises in economic development within thenext 12 months, with 67 percent of firms optimistic.
The outlook also revealed that 55 percent of German companies in Vietnam intendto expand their activities in the country and 59 percent expect to hire moreworkers.
German enterprises expect that the free trade deal between the EU and Vietnamwill improve the legal and economic policy framework in Vietnam.
However, 51 percent of German businesses stated that economic policy in Vietnamwill be a challenge to their development within the next 12 months.
Chief Representative of AHK Vietnam Marko Walde said many German businesseswant to do business in the long term from 20 years to 30 years in Vietnam andneeded an encouraging business and investment environment.
The businesses do not want to build a factory that import parts, then produceand export. They want to set up factories serving sustainable businessdevelopment, creating partnership with Vietnamese firms and competitiveenvironment in Vietnam, Walde said.
He said other important factors that contribute to the development ofbusinesses from the perspective of the German enterprise are domestic marketdemand, the stability of the political system, the source of high-qualitylabour and regional demand. - VNA
The AHK world business outlook 2019 was released in Hanoi on June 20 by theAssociation of German Chambers of Commerce and Industry (AHK) in Vietnam at apress conference.
The outlook, conducted with the participation of nearly 1,000 Germanentrepreneurs in Vietnam from April 1 to April 31 this year, showed Vietnamcontinues to be an investment destination for German businesses with highexpectations of economic development in the medium term.
“German enterprises continue to see positively about the development situationof their businesses as well as the prospects for growth in 2020, despite theinstability of the global economy due to escalating trade tension,” the outlooksaid.
As many as 77 percent of German businesses in Vietnam said their businesssituation is better this year, much higher than the average of Southeast Asiancountries of 61 percent.
With many achievements in economy, investment and social development in 2018, Vietnamreceived confidence from German enterprises in economic development within thenext 12 months, with 67 percent of firms optimistic.
The outlook also revealed that 55 percent of German companies in Vietnam intendto expand their activities in the country and 59 percent expect to hire moreworkers.
German enterprises expect that the free trade deal between the EU and Vietnamwill improve the legal and economic policy framework in Vietnam.
However, 51 percent of German businesses stated that economic policy in Vietnamwill be a challenge to their development within the next 12 months.
Chief Representative of AHK Vietnam Marko Walde said many German businesseswant to do business in the long term from 20 years to 30 years in Vietnam andneeded an encouraging business and investment environment.
The businesses do not want to build a factory that import parts, then produceand export. They want to set up factories serving sustainable businessdevelopment, creating partnership with Vietnamese firms and competitiveenvironment in Vietnam, Walde said.
He said other important factors that contribute to the development ofbusinesses from the perspective of the German enterprise are domestic marketdemand, the stability of the political system, the source of high-qualitylabour and regional demand. - VNA
VNA
