Inflation doesn’t affect German investment in Vietnam

A series of German companies such as Metro, Groz Beckert, Bosch AG, and Einhekk AG are seeking opportunities to explore the Vietnamese market and expand their market shares, said the director of a company based in Frankfurt, Germany.

Vietnam is more or less affected by the global financial crisis and inflation but this does not slow down German major investors because they have stable financial sources and annual high turnovers, affirmed Nguyen Trong Luat, Director of Viet Trade Centre Consultancy Limited Company.

The present time is even the most opportune for investors in the real estate and finance markets, he said.

Last month, representatives of more than 40 German enterprises visited Vietnam.

Mr. Luat said as of January 1, 2009, Vietnam will open some markets to foreigners according to its WTO commitments, making the country more attractive to investors.

Potential markets include retail, infrastructure building, construction, education and vocational training, and environmental protection.

VOV

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