Vietnamese exporters

In addition to major players such as Siemens, Adidas and Bosch, small- and medium-sized German enterprises have discovered Vietnam as a promising market for investment. Prof. Andreas Stoffers - Country director, Freidrich Naumann Foundation Vietnam More than four-fifths of German investment projects are in the industrial, software, and telecommunications sectors. As a growing middle-income country, Vietnam is hungry for energy. German technology leads the world in renewable energy, smart grids, and green buildings. The most important question, however, remains the financing of joint projects. Participating in tenders in Vietnam is not always easy. However, opportunities are opening up for the German economy, especially with international donor organisations and with the ratification of the EU-Vietnam Free Trade Agreement (EVFTA). The good relations were intensified once again with the Hanoi Declaration, which was inked in 2011. In this agreement, both countries … [Read more...] about Evaluating German-Vietnamese economic relations

Hopes for improvements in market demand and new orders, alongside confidence that the Covid-19 pandemic will remain under control, supported optimism in production prospects for the coming year. Vietnam’s manufacturing purchasing managers’ index (PMI) registered 52.5 in September, a fraction lower than 52.7 in August but still pointing to a solid improvement in business conditions across the sector. Operating conditions have now strengthened in each of the past 12 months, according to S&P Global. “The Vietnamese manufacturing sector continued to tick along nicely at the end of the third quarter, with the PMI having signaled overall expansion throughout the past year. A much more benign price and supply environment is providing support, while demand also improved again in September,” said Andrew Harker, economics director at S&P Global. "There were some tentative signs of new order growth slowing, particularly regarding exports. This was a factor in … [Read more...] about Vietnam’s manufacturing conditions improve for 12 consecutive months

Hanoi (VNA) - The following is a list of selected news summaries last weekend by Vietnam News Agency. -  President Nguyen Xuan Phuc attended a ceremony in the northern province of Hung Yen on October 1 in response to the Action Month for the Vietnamese Elderly, on the occasion of the International Day of Older Persons. President Nguyen Xuan Phuc extends regards to the old persons (Photo: VNA) In his speech, the leader extended his regards and praise to the 12 million senior citizens for their active contributions to national construction and defence. Read full story - National Assembly Chairman Vuong Dinh Hue congratulated the southern province of Binh Phuoc on its socio-economic achievements, during his working session with the standing board of the provincial Party Committee on October 1. Read full story - Vietnam’s GDP growth in 2022 and 2023 will be among the highest in Southeast Asian as shown in many international organisations’ forecasts and assessments on the … [Read more...] about ☀️ Morning digest October 3