German firms optimistic about Vietnam’s mid-term recovery
German enterprises have said they expect that Vietnam’s economy will recover in the mid-term, according to the AHK World Business Outlook 2020 released by the Association of German Chambers of Commerce and Industry (DIHK) on April 7.
A Vietnamese working delegation visits a company in Germany in 2019 (Photo: VNA)
HCM City (VNA)🐲 - German enterprises have said theyexpect that Vietnam’s economy will recover in the mid-term, according to the AHK WorldBusiness Outlook 2020 released by the Associationof German Chambers of Commerce and Industry (DIHK) on April 7.
Up to 72 percent of the respondentsto the survey on which the report was based said they will continue to invest inVietnam, while 27 percent plan to recruit more workers. Some 82 percent said they havebeen forced to cut revenue growth targets for fiscal year 2020 due to the COVID-19pandemic. Respondents also identifiedmarket demand and economic policies as major challenges for Vietnam’s developmentover the next 12 months, adding that the pandemic has hurt their business at differentlevels and from different perspectives. Some 86 percent of the surveyed enterprises said the suspensionof entry and exit and the imposition of travel limits have greatly affected their operations. About 59 percent said their supply chains have been disrupted, while55 percent have seen orders of goods cancelled and 50 percent have postponed newinvestment plans. 2019 was considered a successful year for investment and tradeties between Vietnam and Germany, with the former being one of the key partnersof the latter in Southeast Asia. 2020, however, will be a year of challenges forthe global economy as well as the two countries./.
Permanent Deputy Prime Minister Truong Hoa Binh on February 26 lauded Germany’s Hessen state as a most active factor in Vietnam – Germany strategic partnership.
Bamboo Airways will launch two direct routes connecting Munich - Germany's third-largest city - with Vietnam's Hanoi and Ho Chi Minh City in the middle of this year.
President of the State Parliament of Lower Saxony (Niedersachsen) of Germany Gabriele Andretta recently expressed her hope of fostering cooperation with Vietnam in vocational training as the state has huge demand for skilled workers.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A Vietnamese working delegation visits a company in Germany in 2019 (Photo: VNA) 
