The results of the survey, made public on July 29 by the German ASEAN Chamber Network (GACN), reflect the opinions of German invested businesses operating in –industry (48%), services (35%), business (9%), consultancy (6%) and auditing (3%).
The survey shows that 50% of the respondents report overall improved success in the past year and this positive outlook is being translated into ongoing plans to invest and recruit. Over 60% of the businesses plan to expand their workforce over the next 12 months.
However, 70% of the companies surveyed report they find it extremely burdensome to locate qualified engineers while 46% said it is essential for the country to develop a better skilled workforce.
Most of the companies have provided continuing education and organised training courses for their staff and workers, with 70% believing that the German vocational training model is a good choice for Vietnam.
A shortage of skilled workers was the number one obstacle reported in the survey followed by import barriers, corruption, inflation, and tax burden.
