German corporates happy in VN: survey
HANOI - Nearly 70 per cent of German companies in Vietnam are pleased with their business results, while more than half of German investors consider increasing their investment in Vietnam next year, the AHK World Business Outlook Survey 2016 has found.
Conducted by the German Industry and Commerce in Vietnam, the annual survey of business perspectives among German companies operating in Vietnam aims to track and evaluate business development and confidence of German companies in Vietnam.
The survey found that nearly 70 per cent of German companies said their business situation was good in Vietnam.
More than half of the polled German companies were positive about the future of Vietnam’s economy and 47 per cent expected further economic development in Vietnam.
About 58 per cent of respondents had a positive outlook about their future business development, while 54 per cent were considering increasing their investment in Vietnam next year.
Fifty-eight per cent of respondents said they planned to hire more employees.
Marko Walde, chief representative of GIC/AHK Viet Nam, said German enterprises were seeking investment opportunities and further investment in Viet Nam.
They see Vietnam as an attractive destination, given the establishment of the Asean Economic Community, the EU – Vietnam Free Trade Agreement and the TPP, along with other advantages.
According to the survey, German companies are more confident about the Vietnamese economy than China, India and other Asean countries.
However, current economic policies, shortages of skilled workers and increased labour costs are among the hindrances to investment expansion by German firms in Vietnam.
