Following Vietnam’s National Election and a new term of the National Assembly, attention is not only on the political landscape but also on the country’s economic trajectory and achievements over the past five years.
In a recent episode of The Point by Vietnam Today, Mr. Alexander Ziehe, Chairman of the German Business Association (GBA), shared insights into how Vietnam has maintained steady economic growth despite global disruptions such as the COVID-19 pandemic and shifting supply chains.
Click here to explore full interview (from 7:38)
Over the past years, Vietnam has demonstrated resilience and consistency in its economic development. According to the perspective of foreign business associations, a clear economic development direction—combined with recent institutional reforms, has played a crucial role in improving the country’s investment and manufacturing environment.
During the interview, Mr. Alexander Ziehe emphasized that these reforms are not only strategic but also practical in their implementation. A notable example is the rollout of VNeID, which has contributed to greater transparency and the simplification of administrative and digital processes. This marks an important step toward faster decision-making and more efficient handling of procedures for both businesses and individuals.
Such progress directly addresses one of the most consistently highlighted concerns in business confidence surveys among foreign enterprises in recent years: administrative reform and the reduction of procedural barriers. These issues remain central to improving operational efficiency and enhancing Vietnam’s competitiveness as an investment destination.
Encouragingly, the government’s ongoing efforts signal a strong commitment to tackling these challenges. By streamlining processes and advancing digital transformation, Vietnam is gradually building a more transparent, responsive, and business-friendly regulatory environment.
Looking ahead, expectations from the international business community remain high. Continued focus on administrative reform, regulatory clarity, and digitalization will be key to sustaining investor confidence and supporting long-term economic growth.
With a solid foundation and a proactive reform agenda, Vietnam is well-positioned to strengthen its role as a dynamic and reliable hub for global investment in the years to come.