Mr. Alexander Ziehe, the Chairman of the German Business Association – GBA, discussed with Tuoitre.vn how Vietnam can integrate German values into its supply chain to restructure its economy sustainably. He emphasized the importance of leveraging international partnerships to enhance the existing supply chain.
Key Highlights:
- Impact of U.S. Tariff Policies: Ziehe noted that high reciprocal tariffs would affect Vietnam and the global economy, prompting Vietnam to explore new export markets and strengthen domestic consumption.
- Supply Chain Opportunities: He suggested that Vietnam could collaborate with the EU, Australia, and Canada for mid-to-high-end products, and tap into the growing middle class in ASEAN, India, and China.
- German Expertise: German companies, known for their quality and innovation, could help Vietnamese businesses diversify their products and improve competitiveness by integrating German suppliers into their solutions.
- Local Integration: Vietnam boasts a significant increase supply chain localization in many industries. The country also exports to Southeast Asia, showcasing its potential to provide high-quality solutions for Asian consumers.
GBA Chairman believes Vietnam has a strong foundation to succeed in the new global economy, with skilled labor and flexible government policies.
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