(VOVWORLD) - About 91% of German companies are planning to expand their investment in Vietnam, according to a survey conducted by the Delegation of German Industry and Commerce (AHK) in Vietnam.
 Vietnam is expected to experience a resurgence in its economic growth in the medium-term. (Photo: baodautu.vn) |
The AHK World Business Outlook Spring 2023 – Vietnam Focus shows that 40% of the surveyed firms also have plans to increase their workforce in the next 12 months.
Despite challenges such as inflation, uncertainties of the world economy, and the increasing political influence on supply chains, Vietnam is expected to experience a resurgence in its economic growth in the medium-term.
The growth will be fueled by various factors, including Free Trade Agreements, the China Plus One strategy, the global trend of shifting and diversifying manufacturing supply chains towards competitive hubs in Southeast Asia, and the inflow of green investments, the report said.
About 500 German companies have invested some 2.9 billion USD in Vietnam, mainly in its southern and northern regions.