Successful investing in Vietnam by Dr. Oliver Massmann’s investment guide in German

National and International Business and Tax Law

The Asian crisis of 1997 initially curbed in Vietnam the economic boom and the progressing political opening of the previous 10 years. As a consequence thereof, the investment volume declined temporarily. However, it changed soon with the continuation of the reform policy and Vietnam became a popular investment location again. In recent years, the required reforms on the way to a market-based economic system were increasingly implemented in order to meet the requirements for the WTO accession. On 11 January 2007, Vietnam officially became a member of the WTO. It is the crowning achievement of the reform policy so far which opens further investment opportunities above all for foreign investors and increases the security, thus the attractiveness of Vietnam as investment location. Nevertheless, the numerous challenges with which Vietnam is presently confronted have to be mentioned as well. So the still existing old structures of the socialist leadership constitute a barrier in the implementation of urgently needed reforms. The Vietnamese government will also have to rethink in order that Vietnam keeps up in the competition with other South Asian countries. Nevertheless, Vietnam has been showing for years consistently high economic growth rates of over 8%. If Vietnam maintains its reform course, it is well on the way to fully integrate into the global economy.

Thus Vietnam offers interesting prospects also for German investors. 

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