Around 76 per cent of German companies confirmed that the coronavirus epidemic affected their activities in Vietnam, according to a flash survey conducted by GIZ/AHK Vietnam.

An infographic on how the conoravirus has effected the economy in Vietnam

Vietnam has drawn up scenarios for economic growth and business activities in Vietnam amid the impact of the coronavirus. 55 per cent of the companies have already put in place their own measures in preparation to the increasing risk of coronavirus. 47 per cent have banned staff from travelling to China, while 38 per cent have restricted the number of staff travelling on business to the country.

38 per cent of German companies have drafted bans regarding incoming visitors from China. 41 per cent of them refuse to receive foreign visitors who travelled to China recently. For other foreign visitors, German companies still keep their doors open (52 per cent). 38 per cent of German companies have restricted travel to other foreign countries affected by the virus.

About the effects of the measures taken by the Vietnamese government to restrict the spread of the virus in Vietnam, 44 per cent of German companies thought they are timely and represent their interests. 36 per cent of them confirmed that those measures supported them to some extent. Moreover, German companies in Vietnam offered several comments, suggestions, and solutions to AHK Vietnam, GBA Vietnam, and the Vietnamese government. They would like to receive updated information, facts, and figures on the effects of coronavirus on the Vietnamese economy. Many of them expressed their expectations that the epidemic is controlled promptly in Vietnam.

According to Vietnam’s Ministry of Planning and Investment, up until last year, German financiers supported the country with nearly $2.1 billion of foreign direct investment in 349 projects. Currently, German investment enjoys a great reputation in Vietnam and is welcomed by the government as well as local businesses. In the first 11 months of 2019, there were 33 German-invested projects in several sectors, from trade and consulting services to chemical production.

Many long-term investors such as Bosch and Siemens expanded their investment capital in Vietnam and act as typical examples of successful German investment.
Source: VIR
Asia Legal is one of the leading business law firms in Vietnam, providing creative and practical solutions for navigating both legal and commercial practices with local insight. At Asia Legal, we combine deep local knowledge with international standards of expertise to provide local and international clients with quality advice and consultancy services in a wide range of practice areas including: 
• Employment & Labour               • M&A                                               • Dispute Resolution               • Inward Investment
• Outward Investment                   • International Trade                 • Mining & Energy                    • Property & Construction
• Legal Retainer                                • Legal Training                            • Debt Collection                      • Legal Corporate Secretary

For more information, please contact us at or via our Hotline/ Whatsapp/ Viber/ Telegram/ Line/ Wechat/ iMessage: +8484 400 8484 


Hanoi Head Office
7th Floor, Rural Today Newspaper Building, Lot E2, Duong Dinh Nghe Road, Yen Hoa Ward, Cau Giay District, Hanoi, Vietnam

Ho Chi Minh City
No 4, Nguyen Thi Minh Khai Road, Da Kao Ward,
District 1, Ho Chi Minh City, Vietnam

Quang Ninh
3B Cluster, 1 Quarter, Hong Ha Ward, Ha Long City, Quang Ninh Province, Vietnam

Hotline | Whatsapp | Viber | Telegram | Line

Wechat | iMessage : (+84)84 400 8484


Tel: (+84) 24 2269 3399

Twitter Feed

COVID - 19 WHAT FOREIGNERS WORKING / LIVING IN VIETNAM MUST BE AWARE !!! View more at: http://k1o1ayHC31 ... http://b1epBYLZja
Vietnamese offer to assist British Prime Minister's COVID-19 treatment View more at: http://PAcOejcrim ... http://1kRGIDh08M
Follow GBS on Twitter

Asia Legal is a Vietnamese full service business and legal consulting firm providing creative and practical solutions for navigating both legal and commercial practices with local insight.