German businesses in Vietnam have maintained optimism and a long-term commitment to the Vietnamese market despite facing numerous challenges, experts said.

The German Business Association (GBA) in Vietnam has recently announced its focus on sustainable investments for 2025, with an emphasis on industries such as renewable energy, digital transformation, and high-tech manufacturing.

A Germany – Vietnam business forum, themed “Collaborative pathways to green growth in Ho Chi Minh City”, took place in Ho Chi Minh City on March 28.

Leaders of the southern province of Binh Duong, a magnet for foreign direct investment (FDI) in Vietnam, had a meeting with representatives from the German Business Association (GBA) in Vietnam on March 19 to seek ways to expand investment connectivity with nearly 400 German enterprises.

Despite being affected by the COVID-19 pandemic, German firms have planned to expand their business in Vietnam, Alexander Goetz, Chairman of the German Business Association (GBA), has said.

The EU-Vietnam Free Trade Agreement (EVFTA) has brought about a range of opportunities for German investors in Vietnam after it came into force more than one year ago.