In the context of ongoing global economic uncertainties, German businesses still consider Vietnam as one of the most potential developing markets in Asia. What is more, with Germany’s investment diversification strategy, Vietnam is being evaluated as a promising and reliable investment destination for German enterprises.

In 2024, the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam) celebrates a significant milestone – 30 years of dedicated presence in Vietnam.

In the context of ongoing global economic uncertainties, German businesses still consider Vietnam as one of the developing markets with the most potential in Asia. Moreover, with Germany’s investment diversification strategy, Vietnam is being evaluated as a promising and reliable investment destination for German businesses. Today, about 500 companies from Germany have invested roughly $2.9 billion in Vietnam - this being an adjusted overall value; not foreign direct investment.

The first German investments flowed into Vietnam shortly after the country opened its doors to foreigners

Since Germany and Vietnam elevated their bilateral relations to a strategic partnership in 2011, the cooperation between the two countries has developed strongly in various fields. According to the Vietnamese Ministry of Planning and Investment, as of December 20, 2022, Germany had over 440 valid projects in Vietnam registered at $2.37 billion, mainly focused on manufacturing, processing, and energy. Currently, about 500 German enterprises are active in Vietnam, creating 50,000 jobs.

October 3 will mark the 32nd anniversary of Germany’s reunification. Marko Walde, chief representative of the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam), writes about how important the Vietnamese market is to German investors.

In recent years, Vietnam has turned into a bright spot for foreign direct investment, especially for German investors, and there are many major reasons why this is the case.

The strategic partnership established in 2011 between Vietnam and Germany has demonstrated the determination to expand and strengthen multifaceted cooperation between the two countries. Marko Walde, chief representative at the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam), discusses why Vietnam is so attractive and what German companies expect to gain.

Marko Walde, chief representative of the Delegation of the German Industry and Commerce in Vietnam (AHK Vietnam), delves into the importance of the Vietnamese market to German investors, especially as the EU-Vietnam Free Trade Agreement has taken effect f

Possessing key features that represent a snapshot of one of the most diverse, fastest-growing, and competitive regions, the ASEAN is an attractive economic region for not only German enterprises but also other European ones to invest in. Marko Walde, spokesman for the German Chambers ASEAN Business Council, explains more.