ASEAN Snapshot 2021 by German-Thai Chamber of Commerce

ASEAN Snapshot 2021 Focus on German-ASEAN business relation

ASEAN Snapshot 2021 Foreword

ASEAN Snapshot 2021

Contents 3

Foreword

About ASEAN

ASEAN economic snapshot

ASEAN – Key features for German businesses

German-ASEAN business relations in number

Contact – AHKs in ASEAN

Indonesia

Imprint

Malaysia

About German Chambers ASEAN Business Council (GCABC)

Myanmar

Philippines

Singapore

Thailand

26 2

ASEAN countries overview

Vietnam

Ladies and Gentlemen Welcome to dynamic ASEAN – an economic superpower in the world. The ten state members have made notable progress towards economic integration and free trade in the region by creating ASEAN Free Trade Area (ASEAN Economic Community – AEC) to establishing a single market, increasing intra-ASEAN trade and investments, and attracting foreign investment. As a single market, the ASEAN is a growing consumer market with 650 million people. German firms see this region as an exciting consumer market, with lots of high growth potentials, especially in terms of middle-class spending. Nowadays, the ASEAN is home to more than 3,000 German companies and the second-largest trading partner in Asia for Germany, after China. Moreover, German investments in the region have been growing steadily and belonged to the top 10 investors in the ASEAN. The manufacturing output in this region recently is likely to expand, supported by an improving regulatory environment and competitive costs and diversification opportunities. Therefore, it could benefit German SMEs with limited investment capital to easily link with the regional supply chains, in

terms of procurement, operations and sales, allowing firms to manage competition, limit risks, and reduce production costs. Due to the COVID-19 pandemic, the region’s 2020 GDP shrank by 3.8% overall, but the services sector — tourism especially — has been hit harder than the manufacturing sector. By improving the regional and global integration and having signed the Regional Comprehensive Economic Partnership (RCEP) in November 2020, together with the Comprehensive Recovery Framework, the ASEAN state members will achieve economic growth this year. The German Chambers ASEAN Business Council (GCABC), as a #PartnerInASEAN, are pleased to introduce to you our fourth edition of the ASEAN Snapshot booklet with a focus on the GermanASEAN business relation. With user-friendly charts, infographics and brief texts, this publication would provide you with an overview of ASEAN’s and ASEAN members’ economic developments, ranging from demographic, economics, trade and investment, and the business relations between selected ASEAN nations with Germany. Let’s discover the market potentials in ASEAN with us, and we look forward to supporting you in doing business in ASEAN.

Marko Walde Chief Representative Delegation of German Industry and Commerce in Vietnam GCABC Spokesperson 2021 3

About ASEAN An Economic Superpower ASEAN – The Association of Southeast Asian Nations – consists of 10 member states: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Myanmar Vietnam Laos

Thailand

Philippines

Cambodia

Malaysia

Brunei

Singapore

Indonesia

This trade-driven bloc is of vital geostrategic importance to the world, one of the most diverse and complex region in the world. With the population of 650 million and fast-growing wealth it is becoming a global bright spot. The establishment of the ASEAN Economic Community (AEC) in 2015 is a major milestone of ASEAN which envisions this region as a single market and production base, a highly competitive region, with equitable economic development, and fully integrated into the global economy.

ASEAN

1967

1984

1995

1997

1999

2000

2015

2020

Inception by ASEAN 5: Indonesia, Malaysia, the Philippines, Singapore, and Thailand.

Brunei joins ASEAN

Vietnam becomes a member

Laos and Myanmar become members

Cambodia is a member, forming the ASEAN 10

Signing and implementing the free trade agreements with China (ACFTA); India (AIFTA); Japan (AJCEP); Australia-New Zealand (AANZFTA) and South Korea (AKFTA).

The establishment of the ASEAN Economic Community (AEC)

The Regional Comprehensive Economic Partnership (RCEP) was signed by 10 ASEAN member states, Japan, South Korea, Australia, New Zealand and China. It accounts for almost a third of the world’s population and GDP.

ASEAN Economic Snapshot GDP growth in %

Net inflow FDI 2019

5.1 2018

5.5 4.4 2019

2020

ASEAN is in the TOP 5 economies by GDP in 2019

2021

-3.8

1.42

EU is among the TOP 4 ASEAN’s biggest investors in 2019

Key export products

Key import products

Electrical machinery; Machinery and mechanical appliance; Mineral fuels & oils; Precious stones, metals & pearls; and Vehicles.

Electrical machinery; Mineral fuels & oils; Machinery and mechanical appliance; Plastics and Vehicles.

billion US$

$14.34

$5.08

$3.86

$3.18

trillions

billion US$

USA

China

Japan

Germany

ASEAN

USA

Japan

Singapore

The diversity of ASEAN market. International travel restrictions limited opportunities to face-to-face engagement. According to our 2020 AHK World Business Outlook Survey: The Top 3 risks for German companies in ASEAN are demand, economic policies and financing.

Import volume 2019

159

trillion US$

$21.43

Challenges

Export volume 2019

billion US$

-1% yoy

1.4

trillion US$

+3% yoy

billion US$

Hongkong China

Investment opportunities in

Impact of COVID-19

Advanced manufacturing, digital technology, infrastructure, healthcare, education and training, business and finance services!

Source: DIHK, GTAI, ADB, World Bank, ASEAN Statistics

Significant negative impact: Southeast Asia’s economy relies heavily on tourism, manufacturing, international trade, and labor migration. It has seen not only a health crisis, but also profound economic disruption and an economic crisis unfold in 2020.

Recovery in 2021: All reforms will contribute to economic recovery and deepen economic integration across the region.

ASEAN – Key features for German businesses

The ASEAN is home to more than 3,000 German companies and the second-largest trading partner in Asia for Germany, after China. Moreover, German investments in the region have been growing steadily and belonged to the top 10 investors in the ASEAN.

As a single market, it is a growing consumer market with 650 million people. German companies see ASEAN as an exciting consumer market, with lots of potential for growth, especially in terms of middle-class spending.

Competitive labor cost is a major factor attracting German companies to this region. ASEAN offers young, motivated and skilled workforces.

The establishment of ASEAN Economic Community AEC, the CPTTP (TPP11), other bilateral FTAs (EU-Singapore and EU-Vietnam) and the newly signed RCEP are expected to enhance trade and investment flows to ASEAN.

There are currently a lot of expansion plans of German enterprises from China to ASEAN nations. They are complementing their existing Chinese operations with new activities in ASEAN regarding sourcing and investments. Their concrete reasons for that are their diversification strategies, the reliability of ASEAN partners and rising wage costs in China.

People

Competitive wages

Source: ASEAN, AHK Vietnam, HSBC.

Global integration

China +1

Recovery strategy and resilient supply chain Covid-19 has quickened the pace of regional cooperation in ASEAN, while healthcare systems are enhanced, and digitalization is accelerated to achieve their promise of more sustainable, inclusive trade and investment. ASEAN has made great progress in optimising the role of trade in the post-pandemic economic recovery, with the private and public sector alike keen to strengthen supply chains and restore trade connectivity policies.

German-ASEAN business relations in number

GERMAN INVESTMENT IN ASEAN Major sectors of German FDIs

GERMAN TRADE WITH ASEAN

Total Trade 2020

60.9

10.8

Other services activities. 9.8 5.6

Vietnam

Malaysia

Singapore Thailand

Indonesia

Major Export Products

1.7

1.2

Philippines Cambodia Myanmar

0.2

Laos

0.1

2019

2,716

1,356

210

Wholesale and retail trade; repair of motor vehicles and motorcycles

Brunei

22.3

Billion EURO

German imports from ASEAN Major Import Products

38.6

Billion EURO

CHANCES

2018

Mining and quarrying

German exports to ASEAN

Electrical machinery and equipment

2017

Human health and social work activities

5.2

Turnover 2020 (billion EURO)

Machinery and mechanical appliances

2016 Manufacturing

billion EURO 13.3

Total German flow of FDI to ASEAN (billion US$)

Vehicles

Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments

Pharmaceutical products

Electrical machinery and equipment

Machinery and mechanical appliances

Optical, Footwear photographic, cinematographic, measuring, checking, medical or surgical instruments

Apparel and clothing accessories

Source: Destatis, ASEAN Statistics.

Investment opportunities in Advanced manufacturing, digital technology, infrastructure, healthcare, education and training!

Source: Destatis, ASEAN Statistics, AHK World Business Outlook 2020.

CHALLENGES

Major influence on German business climate in ASEAN by Demand and Economic Policies! Furthermore, due to COVID-19, many German companies must reschedule their expansion/investment in the region. The travel restrictions and demand decrease also affect their businesses.

ASEAN countries overview INDONESIA

MALAYSIA

Total Trade with Germany 2020 (billion EURO)

5.6

1,068

Nominal GDP 2020 (billion USD)

-2.2

Real GDP (YoY%) Easy of Doing Business Index Population Surface (km2)

73 270

1,917,000

Total Trade with Germany 2020 (billion EURO)

341

Nominal GDP 2020 (billion USD)

- 5.5

Real GDP (YoY%) Easy of Doing Business Index Population Surface (km2)

PHILIPPINES

SINGAPORE

Total Trade with Germany 2020 (billion EURO)

MYANMAR

12 32.4

330,000

Total Trade with Germany 2020 (billion EURO)

1.2

5.2

70.9

Nominal GDP 2020 (billion USD)

Real GDP (YoY%)

365

Nominal GDP 2020 (billion USD)

Real GDP (YoY%)

-9.7

Real GDP (YoY%)

165

Easy of Doing Business Index

Population

54.4

Population

Surface (km2)

676,590

Surface (km2)

95 109.6

300,000

Source: Destatis, Deutsche Bank, GTAI, World Bank and IMF.

Easy of Doing Business Index

VIETNAM

Total Trade with Germany 2020 (billion EURO)

10.8

Nominal GDP 2020 (billion USD)

Easy of Doing Business Index

THAILAND

Total Trade with Germany 2020 (billion EURO)

9.8 333 - 5.8 2

13.3

Nominal GDP 2020 (billion USD)

502

Nominal GDP 2020 (billion USD)

271

Real GDP (YoY%)

-6.5

Real GDP (YoY%)

2.9

Easy of Doing Business Index

Population

5.8

Population

Surface (km2)

720

Surface (km2)

21 69.8 513,120

Easy of Doing Business Index Population Surface (km2)

70 97.3 331,230

INDONESIA The worlds fourth biggest country in terms of population, and ASEAN largest economy with more than 40% share of the combined GDP. Indonesia, the only G-20 member state and trillion+ USD economy of ASEAN is after two decades of stable economic growth destined to to be among the top 10 major economies in the world.

GDP growth (%) 2021F 2019

Export

4.5

163

2022F

2020

Import

Nominal GDP (billion US$)

1,170

1,222

2020 Makassar

Jakarta

2021F

3,961

Bandung

4,297

4,444

CPI (yoy %) ann avg 2020

2022F

2021F

billion US$ China

USA

Japan

Singapore

India

Major import partners

Coal; Mineral fuels and oils; Natural resources; Foodstuff; and Chemical products.

Major import products

billion US$ China

2.4

2.9

Source: GTAI, Destatis, Deutsche Bank

FDI net inflow 2020

10.6

2022F

Surabaya

Investment

GDP per capita (US$)

Medan

Major export products

Singapore

Japan

USA

Thailand

Machinery; Chemical product; Foodstuff; Electrical Engineering and Petro chemistry.

2022F

2021F

1,068

Major export partners

Import volume 2020

133

-2.2 2020

Export volume 2020

GermanIndonesia Relations

Major FDI contributors

Major FDI sectors

Singapore

Electricity, gas, steam and water; Transportation, logistics and telecommunications; Real estate; and Mining

billion US$ China

Japan

Hongkong Netherland

German FDI net inflow 2019

German exports 2020 (Billion EURO)

172

3.5

million EURO

2.1

German imports 2020 (Billion EURO)

Major German products Export: Machinery; Measuring, checking and medical instruments; and Electronics Import: Footwear; Textile and garments; and Electronics. 15

MALAYSIA

Since gaining independence in 1957, Malaysia has successfully diversified its economy from one that was agriculture and commodity-based, to one that is a leading exporter of electrical appliances, electronic parts and components. Malaysia is one of the most open economies in the world, with a trade to GDP ratio averaging over 140 percent since 2010. Openness to trade and investment have been instrumental in employment creation and income growth, with about 40 percent of jobs in Malaysia linked to export activities.

GDP growth (%) 2021F 2019

Export

7.2

4.3

184.9

2022F

2020

Import

Nominal GDP (billion US$)

364

Investment

2020 Johor Bahru

Kuching

2022F

2021F

10,317

10,900

11,369

CPI (yoy %) ann avg 2020

2022F

2021F

-1.1

billion US$ China

Singapore

USA

Hongkong

Japan

Major import partners

Electrical engineering; Chemical products; Petro chemistry; Electronics assembly; and Mineral fuels and mineral oils.

Major import products

billion US$ China

Singapore

USA

Japan

Taiwan

2.8

Source: GTAI, Destatis, Deutsche Bank

GermanMalaysia Relations

Major FDI contributors

FDI net inflow 2020

-0.2

GDP per capita (US$) Kuala Lumpur

385

Kota Kinabalu

Ipoh

Major export products

Electronics assembly; Chemical products; Petro chemistry; Machinery; and Foodstuffs.

2022F

2021F

341 Georgetown

Major export partners

Import volume 2020

151.2

-5.5 2020

Export volume 2020

Major FDI sectors

billion US$ China

USA

Singapore

Taiwan

German FDI net inflow 2019

German exports 2020 (Billion EURO)

101

8.3

million EURO

Japan

4.6

German imports 2020 (Billion EURO)

Electronics; Print and paper; Mechanical engineering; Chemistry; and Measurement and control technology

Major German products Export: Electronics; Machinery; and Measuring, checking and medical instruments. Import: Electronics; Machinery; and Measuring, checking and medical instruments. 17

MYANMAR

Export

GDP growth (%)

2021F

Import

70.9 Mandalay

Naypyitaw

2021F

2022F

63.8

68.3

Investment

2020

2021F

1,608

2022F

1,548

1,447

China

Thailand

Japan

USA

Germany

Major import partners

Textile and garments; Gas; Foodstuffs; Natural resources; and Non-metallic minerals.

Major import products

billion US$

FDI net inflow 2020

2.3

GDP per capita (US$)

Major export products

billion US$

Import volume 2020

21.2

-10

Nominal GDP (billion US$) 2020

Major export partners

17.8

2022F

2020

Building on successful economic transformation, Myanmar is emerging as a prosperous nation. The country possesses rich natural resources, a strategic location at the crossroads of Asia, a young population, and a sizable market with wide-ranging investment opportunities. From a formerly heavily agricultural economy, Myanmar is diversifying strongly and offers abundant business opportunities.

Export volume 2020

China

Singapore Thailand Malaysia Indonesia

Major FDI contributors

Petro chemistry; Chemistry; Textile and garments; Machinery; and Foodstuffs.

Major FDI sectors

billion US$ Singapore Hongkong

Japan

China

Energy; Manufacturing; Real estate; Other services; and Oil and gas.

Yangon

CPI (yoy %) ann avg 2020

6.1

2021F

6.2

2022F

Source: IMF, World Bank, Destatis, ASEAN statistics, GTAI and Statista.

GermanMyanmar Relations

German FDI net inflow 2019

German exports 2020 (Billion EURO)

1.1

million EURO

0.1

German imports 2020 (Billion EURO)

Major German products Export: Machinery; Measuring, checking and Medical instruments; and pharmaceutical products. Import: Textile and garments; Footwear; and Leatherware.

PHILIPPINES The current administration has prioritized the development of the country’s infrastructure and intends to spend around $158 billion over the next five years on its “Build, Build, Build” program. The Filipino population is young with an average age of 23 years, speaks good English, and is consumer-oriented, interestingly, the Philippines has also the narrowest Global Gender Gap in ASEAN

GDP growth (%) 2021F 2019

Export

47.3

2022F

2020

Import

420

365

Manila

439

Investment

2022F

2021F

2020

3,867

3,762

3,324 Cagayan de Oro Davao

CPI (yoy %) ann avg 2020

2022F

2021F

2.6

billion US$ China

USA

Japan

Hongkong Singapore

Major import partners

Electronics; Electrical engineering; Foodstuffs; Natural resources; and Machinery.

Major import products

billion US$ China

Japan

South Korea

USA

Indonesia

4.6

3.5

Source: GTAI, Destatis, Deutsche Bank

GermanPhilippines Relations

Major FDI contributors

FDI net inflow 2020

1.5

GDP per capita (US$) Cebu

Major export products

Electronics; Foodstuffs; Chemical products; Machinery; and Vehicles.

2022F

2021F

2020

Major export partners

Import volume 2020

79.1

-9.7 Nominal GDP (billion US$)

Angeles

Export volume 2020

Major FDI sectors

billion US$ Singapore

China

South Korea

German FDI net inflow 2019

German exports 2020 (Billion EURO)

203

3.3

million EURO

Japan

Netherlands

1.9

German imports 2020 (Billion EURO)

Information and Communication Technology; Electricity and gas; Manufacturing; Administrative services; and Real estate.

Major German products Export: Electronics; Machinery; and Aircraft and spacecraft. Import: Electronics; Machinery; and Measuring, checking and medical instruments. 21

SINGAPORE

Singapore is one of the world’s greenest cities and ranks #1 in Asia for sustainability. The Sustainable Cities Index by Arcadi ranks 100 global cities according to three facets of sustainability: social, environmental and economic. Moreover, Singapore is one of the top cities in the world in terms of ease of doing business. The World Bank’s Doing Business survey looks at measures such as trading across borders, enforcing contracts, getting credit and paying taxes.

GDP growth (%) 2021F 2019

Export

6.5

0.7

Import

385

333

434

2021F

66,226

57,774

2020

72,349

2022F

2021F

-0.2

Indonesia

Major import partners

Electronics; Chemical products; Petro chemistry; Machinery; and Electrical engineering

Major import products

billion US$ China

USA

Malaysia

Taiwan

Japan

1.2

1.5

Source: GTAI, Destatis, Deutsche Bank

Major FDI contributors

FDI net inflow 2020

46.8

2022F

CPI (yoy %) ann avg

Investment

GDP per capita (US$)

Central Business District

USA

Hongkong Malaysia

Electronics assembly; Petro chemistry; Machinery; Chemical products and Petroleum.

2022F

2021F

2020

China

Import volume 2020

308.4

Nominal GDP (billion US$)

Singapore Changi Airport

Major export products

billion US$

-5.8 2020

Major export partners

396.1

2022F

2020

Export volume 2020

GermanPhilippines Relations

Major FDI sectors

billion US$ USA

Cayman Islands

British Netherlands Virgin Islands

German FDI net inflow 2019

German exports 2020 (Billion EURO)

325

4.7

million EURO

Japan

6.1

German imports 2020 (Billion EURO)

Financial and insurance services; Wholesale and retail trade; Manufacturing; Professional services, Science and Administration; and Real estate.

Major German products Export: Machinery; Electronics; and Measuring, checking and medical instruments. Import: Pharmaceutical products; Chemical products; and Measuring, checking, medical instruments. 23

THAILAND

Thailand is the second largest economy in ASEAN, after Indonesia. It is the automotive hub in ASEAN and was in 2018 the 11th biggest vehicle producer in the world, currently pushing to become the next-generation automotive industry base. The Eastern Economic Corridor (EEC) is being developed into a hub for manufacturing, transport and logistics and offers huge investment opportunities. The Board of Investment identified 12 targeted industries which benefit from special investment incentives.

GDP growth (%) 2021F 2019

2020

2.4

543

583

2020

2022F

2021F

-0.8

USA

China

Japan

Vietnam Hongkong

Major import partners

Electronics; Foodstuffs; Vehicles; Chemical products; and Machinery

Major import products

billion US$ China

Japan

USA

Malaysia

South Korea

1.2

Source: GTAI, Destatis, Deutsche Bank

Major FDI contributors

FDI net inflow 2020

-10.4

8,620

8,101

CPI (yoy %) ann avg

Investment

2022F

2021F

7,518

Major export products

billion US$

Import volume 2020

187.4

GDP per capita (US$) 2020

Major export partners

Electronics; Chemical products; Machinery; Petro chemistry; and Electrical engineering.

2022F

2021F

502

Nakhon Ratchasima

Hat Yai

Import

-6.5 2020

Pattaya

Export volume 2020

223.6

2022F

Nominal GDP (billion US$)

Chiang Mai

Bangkok

Export

GermanThailand Relations

Major FDI sectors

billion US$ Japan

Singapore Hongkong

German FDI net inflow 2019

German exports 2020 (Billion EURO)

131

5.7

million EURO

USA

Netherlands

4.2

German imports 2020 (Billion EURO)

Financial and insurance; Real estate; Automobile; Electronics; and Chemistry.

Major German products Export: Machinery; Electronics; and Motor vehicles. Import: Electronics; Machinery; and Precious metals and pearls. 25

VIETNAM

Vietnam’s economy is one of the fastest-growing in Asia with the lowest barrier to entry the market, the young, motivated and reliable workforces. Germany and Vietnam have excellent economic relations and Germany enjoys an outstanding reputation in Vietnam, which is unique in this form in the ASEAN region. Moreover, Vietnam is the only country in ASEAN that is in all relevant free trade initiatives in the region, including CPTPP (TPP11) and the FTA between the EU and Vietnam.

Export

GDP growth (%) 2019

2020

8.5

7.5

Import

BAC NINH

HAI PHONG

DANANG

HO CHI MINH

3.3

3,603

3,126

CPI (yoy %) ann avg 2020

China

Japan

South Korea

Hongkong

Major import partners

Electronics; Textile and garments; Foodstuffs; Footwear; and Electrical engineering.

Major import products

billion US$ China

South Korea

Japan

Taiwan

USA

2021F

3.1

2022F

5.3

Source: GTAI, Destatis, Deutsche Bank

GermanVietnam Relations

Major FDI contributors

FDI net inflow 2020

14.5

2022F

2021F

2,804

DONG NAI

Investment

GDP per capita (US$) 2020

BINH DUONG

356

305

271

USA

Electronics; Chemical products; Machinery; Electrical engineering; and Textile and garments.

2022F

2021F

2020

Major export products

billion US$

Import volume 2020

262.7

2.9 Nominal GDP (billion US$)

HANOI

Major export partners

282.7

2022F

2021F

Export volume 2020

Major FDI sectors

billion US$ South Korea

Japan

Singapore

Taiwan

German FDI net inflow 2019

German exports 2020 (Billion EURO)

10.3

million EURO

Hongkong

Manufacturing; Real estate; Electricity; Hospitality, accommodation andgastronomy; and Construction.

Major German products Export: Machinery; Electronics; and Measuring, checking and medical instruments. Import: Electronics; Footwear; and Machinery

German imports 2020 (Billion EURO)

ASEAN contact information

INDONESIA

MALAYSIA

MYANMAR

German-Indonesian Chamber of Industry and Commerce

Jan Rönnfeld

PHILIPPINES

Dr. Martin Henkelmann

Daniel Bernbeck

Dr. Martin Krummeck

info@ekonid.id

daniel.bernbeck@malaysia.ahk.de

martin.krummeck@myanmar.ahk.de

+62 21 3154685

+60 3 92351800

+95 945 062 9364

www.ekonid.com

www.malaysia.ahk.de

www.myanmar.ahk.de

SINGAPORE

THAILAND

Dr. Tim Philippi

VIETNAM

Dr. Roland Wein

Marko Walde

martin.henkelmann@gpcci.org

tim.philippi@sgc.org.sg

wein@gtcc.org

walde.marko@vietnam.ahk.de

+63 2 85198110

+65 64335331

+66 2 0550611

+84 28 38239775

www.philippinen.ahk.de

www.sgc.org.sg

www.thailand.ahk.de

www.vietnam.ahk.de 29

ASEAN Snapshot 2021

OUR CONSULTING SERVICES IN ASEAN

Imprint Delegation of the German Industry and Commerce in Vietnam Ho Chi Minh City Office Deutsches Haus Ho Chi Minh City 4th Floor, 33 Le Duan Blvd, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam Tel.: +84 (28) 3823 9775 Fax: +84 (28) 3823 9773 Hanoi Office Lotte Center Hanoi, East Tower 18th Floor, 1803 - 1804, 54 Lieu Giai, Ba Dinh District, Hanoi, Vietnam Tel.: +84 (24) 3825 1420 Fax: +84 (24) 3825 1422 www.vietnam.ahk.de

Chief Representative Marko Walde, Delegation of the German Industry and Commerce in Vietnam Editor-in-Chief Trang Dao, Delegation of the German Industry and Commerce in Vietnam Concept Delegation of the German Industry and Commerce in Vietnam Supported by: Federal Ministry for Economic Affairs and Energy

Layout Incamedia

Exploring the markets

Finding partners

Setting up

Trade fair participation

HR services

Education & Training

Printing Incamedia Status April 2021 Legal Information © Delegation of German Industry and Commerce in Vietnam, April 2021 All rights reserved. Reprinting – even all or part of part – is only possible with prior explicit approval. With adequate care, we take no liability for the content.

The German Chambers of Commerce and Industry in Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam established the German Chambers ASEAN Business Council to provide a dialogue platform, strengthen regional cooperation and to support regional trade and investment.