In 1995, when the German Business Association (GBA) was founded, Vietnam’s market conditions for foreign direct investment (FDI) were characterized by significant economic reforms following the Đổi Mới (Renovation) reforms initiated in 1986. These reforms transitioned Vietnam from a centrally planned economy to a socialist-oriented market economy, creating a more conducive environment for foreign investment. […]
In a recent interview with Hanoi Television, GBA Co-Chairman Mr. Torben Minko shared his insights on the importance and benefits of ESG (environment, society, governance) for businesses and investors. He also discussed the challenges and opportunities for small and medium-sized enterprises (SMEs) in Vietnam to adopt ESG practices and standards. Mr. Minko explained that ESG […]
Our long-standing GBA board member Dr. Oliver Massmann, Partner at Duane Morris Vietnam LCC, is sharing the most relevant legal updates with you. The Plan for power supply and operation of Vietnam’s power system in 2024 Government agrees to VAT cut of 2% in 1H 2024 New decree on government debt instruments on horizon Incentives […]
Stable politics, transparent policies, technological innovation, abundant labor, and increasingly improved infrastructure are important factors that make Hanoi in particular and Vietnam in general become a potential investment destination for German FDI investors. In recent years, Vietnam has increasingly attracted many foreign investors, in which Hanoi is one of the leading localities in the country […]
Ho Chi Minh City, December 18th – The German Business Association in Vietnam (GBA) had its most active year yet with 70 new members and corporate partners since 2022; more than 20,000 participants at 70 cultural, social & business-focused events; and countless improvements to GBA operations and communications to support the German community’s continued prosperity […]
On December 7, 2023, the Global City Ho Chi Minh City hosted the “Beyond Global Business Promotion & Connection” event, which attracted around 300 foreign corporations and Vietnamese businesses that have invested in Việt Nam. The event was jointly organised by the Investment and Trade Promotion Centre (ITPC), the Vietnam International Investment Trade Development Club […]
Hanoi, 14 December, 2023 – The GBA celebrated the festive season with our annual Christmas Dinner at Pan Pacific Hanoi, where more than 60 GBA members and friends gathered for a memorable night. Unlike the usual business meetings that the GBA organizes, the Christmas Dinner was designed to create a warm and cozy atmosphere for […]
It was a wonderful night at Barson Saigon with 110 people attending the final DeutschenTreff of the year! We enjoyed the company of a varied and vibrant group of entrepreneurs, investors, and experts, who exchanged their knowledge and stories with each other. We are confident that the new relationships formed at the event will spark […]
What has German investment and trade in Vietnam looked like over the past 35 years? Germany and Vietnam have established diplomatic relations since 1975 and have developed a strong partnership over the past 35 years. Germany is Vietnam’s largest trading partner within the EU, with a bilateral trade volume of around $15.2 billion in 2021. […]
Members of the German Business Association are strongly driven by sustainability. Since we have many manufacturing companies and related supply and service providers in our members, extended producer responsibility (EPR) is now a core topic for most of them to adapt to in their strategies and execution. In particular, foreign-invested enterprises and direct local suppliers […]
