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Survey shows German companies more optimistic about Vietnam market

Source:Adsale Plastics Network 2023-07-10

According to the biannual survey conducted by the German Chambers of Commerce Abroad (AHKs), 91% of survey participants intend to expand in Vietnam and 40% plan to increase their workforce in the next 12 months. The survey interviewed 5,100 German companies world-wide in March and April.


Meanwhile, 88% of the survey participants are confident in their business situation in Vietnam, and nearly half expect economic growth of the country to remain steady, while 21% expect it to speed up.


The latest survey results show that German companies are increasingly optimistic about the economic development of Vietnam than they did in Autumn 2022.


German companies are more confident about growth in Vietnam. (Source: AHKs)


However, the companies also identified short-term challenges include low demand (51%), economic policy framework (46%), shortage of skilled workforce (34%), and potential disruptions to the supply chain (28%).


Regarding long-term challenges, they include inflation and monetary policy (41%), fragmentation of the global economy (41%) and increase in political influences on supply chains (40%).


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