Germany is Vietnam’s sixth largest export market after the US, Japan, China, Australia and Singapore, and it is the gateway to the huge, lucrative European market.

Industry insiders are considering ways to improve firms’ access to credit.
“Vietnamese banks are lenders which usually offer collateral-based loans and do not have sufficient experience as well as human resources to consider lending based on project feasibility. That approach needs to be modified and loans should be rendered to viable projects,” said economist Bui Kien Thanh.