Almost 93% of German companies already operating in Vietnam will continue to invest in the country and over 64% of them expect their business to develop better in the next 12 months, a survey from AHK World Business Outlook–Spring 2022 has revealed.

The German Asia-Pacific Business Association (OAV) has held a seminar on business and investment in Vietnam, attracting the participation of many German firms.

The German business community have high expectations for stronger economic cooperation with Vietnam after the phone talks between Vietnamese Party General Secretary Nguyen Phu Trong and German Chancellor Olaf Scholz on March 31.

Despite being affected by the COVID-19 pandemic, German firms have planned to expand their business in Vietnam, Alexander Goetz, Chairman of the German Business Association (GBA), has said.

As many as 55% of surveyed German enterprises in Vietnam expressed their confidence in positive development next year, according to the AHK World Business Outlook 2021 released by the Delegate of German Commerce and Industry in Vietnam.

The EU-Vietnam Free Trade Agreement (EVFTA) has brought about a range of opportunities for German investors in Vietnam after it came into force more than one year ago.

Germany’s crane supplier Kocks Ardelt Kranbau on July 8 signed a contract for the supply of container cranes with Dinh Vu Petroleum Service Port JSC of Vietnam.

German firms have expressed their optimism about Vietnam’s economy in both mid-and long terms in a recent survey released by the Association of German Chambers of Industry and Commerce (DIHK) on May 12.

VOV.VN - Joe Kaeser, president and CEO of Siemens, has urged German enterprises to invest into Vietnam in an effort to diversify the European country’s supply chain.