
Prof. Dr. Andreas Stoffers
Project Director Vietnam
Friedrich Naumann Foundation for Freedom
After the end of the war between Vietnam and the US in 1975, the Southeast Asian nation was in a desperate situation. Even 15 years later in 1990, Vietnam was the poorest country in the world, with a GDP per capita of US$98, behind Somalia and Sierra Leone. Today, growth and optimism can be felt everywhere from Quang Ninh at the Chinese border to Ca Mau in the deep south. Vietnam’s ambitions are enormous. It wants to join the club of industrialized nations by 2045. That no longer seems unrealistic, writes Andreas Stoffers.
Vietnam is celebrating the fifth anniversary of its participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Prof. Dr. Andreas Stoffers, Country Director at the Friedrich Naumann Foundation for Freedom Vietnam, reflects on the multifaceted impact of this landmark agreement on the nation’s economic landscape.
The German Supply Chain Due Diligence Act mandates responsible supply chain management for German companies, influencing EU-Asian trade and advising Vietnamese businesses and authorities to align with global sustainability standards. Prof. Dr. Andreas Stoffers (FNF Vietnam) and Ms. Lanh Huyen Nhu (AHK Vietnam) spoke with Vietnam Investment Review (VIR) on the various opportunities and challenges posed by the new law in Vietnam.
The 2023 German Supply Chain Due Diligence Act prioritises sustainable criteria in global supply chains. Prof. Dr. Andreas Stoffers, Country Director of FNF Vietnam, and Ms. Lanh Huyen Nhu, Coordinator of the 'Sustainable and Climate Resilient Supply Chains in Vietnam' Project at the Delegation of German Industry and Commerce (AHK) in Vietnam spoke with Vietnam Investment Review (VIR) on the opportunities and challenges the new law provides for Vietnam.