On July 1st, the German Business Association (GBA) hosted its monthly meeting at Sofitel Saigon Plaza, attracting 42 attendees. The event was led by GBA Board members Ms. Betty Duong and Mr. Viet Le, and featured keynote speakers Mr. Beat Schuerch, CEO of Dragon Capital Group, and Mr. Leif D. Schneider, Vice-Chairman of the Legal Sector Committee of EuroCham Vietnam.
The meeting focused on “Foreign Direct Investment (FDI) & Market Access,” with participants delving into Vietnam’s investment landscape, the role of FDI in economic growth, and opportunities for foreign investors.
Key Highlights:
💠Investor’s Perspective: Mr. Beat Schuerch discussed Vietnam’s FDI landscape, emphasizing strategic advantages such as policy foundations, infrastructure development, and a growing consumer market. He also addressed the impact of global economic shifts and trade agreements on Vietnam’s investment climate.
💠Economic Insights: Vietnam’s GDP stands at USD 430 billion (USD 4,284 per capita) with a population of 100.3 million. By 2030, Vietnam is projected to be among the top 25 largest global economies. Key investment themes include supply chain shifts, infrastructure spending, middle-class formation, and urbanization.
💠Legal Insights: Mr. Leif D. Schneider provided an overview of the regulatory framework for FDI in Vietnam, offering practical advice on market entry and business establishment. He highlighted Vietnam’s high ranking in global ease of doing business indices and its resilience during global challenges.
💠Sustainable Development: Emphasis on sustainable development aligns with global trends, attracting investors committed to environmental and social responsibility. Collaboration with international financial institutions and numerous FTAs further strengthens Vietnam’s investment climate.
Vietnam’s entry into the global market, marked by joining the WTO in 2007, has established it as a hub of investment potential. The effects of US-China trade tensions and the EVFTA have further cemented Vietnam’s position as a top investment destination.
The GBA extends its gratitude to the keynote speakers and all participants for their valuable contributions, which greatly contributed to the event’s success. The insights shared will assist businesses in navigating the evolving landscape of FDI and market access in Vietnam.
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[Save the Date] GBA Business Meeting in September
Chairperson: GBA Board Member Ms. Duyen Do and EuroCham Delegate Mr. Ingo Brandenburg
Date & Time: Monday, September 9 | 5.30 PM – 9.45 PM
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