According to a recent survey conducted by the German Chambers of Commerce Abroad, nearly 93 per cent of German companies will continue to invest in Vietnam and over 64 per cent of them expect their business to develop further over the next 12 months. Meanwhile, over 46 percent of German businesses plan to recruit more employees in the coming year. The surveyed organisations also demonstrate that the most important factors for their trade and investment decisions in Vietnam are political stability, the availability of skilled workers in technical and non-technical fields, and transport and logistics, especially the participation in Free Trade Agreements.

According to the survey results, more than 73 percent of German businesses believe that the implementation of the EU-Vietnam FTA from August 2020 increases their competitiveness in the nation. They regularly leverage the ASEAN-China FTA and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

In order to promote the advantages of investment environment, the German business community believes that Vietnam must strengthen its capacity, technology, hardworking and inquisitive workers, as well as the close economic, social and cultural connections between the two countries. To further promote investment capital from Germany into Vietnam, the report emphasised the importance of Vietnam in developing a production supply network and high-quality human resources, which were capable of meeting investors’ demand.