German firms optimistic about Vietnam's economic recovery


Plant of Germany's BASF in Vietnam. German enterprises believe in the medium-term recovery of the Vietnamese economy. - Vietnam News

HANOI (Vietnam News/ANN): German enterprises were optimitic about the medium-term recovery of the Vietnamese economy, according to the AHK World Business Outlook 2020 released by the Association of German Chambers of Commerce and Industry (DIHK) on Tuesday.

Although German firms expressed concerns about negative impacts of the Covid-19 pandemic on their business with 82 per cent of investors forced to lower revenue growth targets in the 2020 fiscal year, they expected recovery to come in the medium term.

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Vietnam , Germany , investment

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