Hanoi
The Friedrich Naumann Foundation for Freedom (FNF) is a German foundation devoted to the promotion of liberal principles and to political education, both in Germany and abroad. FNF opened its office in Vietnam in September 2012 with a wide range of topics: Provincial Competitiveness Index, Free Trade Agreements, Market economy and Smart City. Our partners include Ministry of Foreign Affairs (MOFA), Viet Nam Institute for Economic and Policy Research (VEPR), University of Economics and Business (VNU-UEB), Vietnam Chamber of Commerce and Industry (VCCI) and other organisations. Should you have questions or suggestions about our work, please contact us or reach our team here.
News
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Fritz Kuermayr: A little closer to the world of liberalism
Fritz Kuermayr, an Austrian student, had a chance to serve abroad as an intern at the project locations of the Friedrich Naumann Foundation in Madrid (Spain) and Hanoi (Vietnam), from September 2022 to July 2023. Here he shares some thoughts upon concluding his journey as he gained valuable experiences and memories.
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Bugra Kilinc: First working experience in Asia
Bugra Kilinc, Junior Researcher at the Friedrich Naumann Foundation for Freedom Office in Hanoi, Vietnam, shares his thoughts after having a working journey at FNF Vietnam from June to August 2023.
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Turmoil in Vietnam's Bond and Real Estate Markets - Ways Out of the Crisis
In recent years, there has been an increase in overall corporate bond issuance in Vietnam. However, starting in 2022 and continuing into 2023, there was a decline in bond issuance along with a general market turmoil that affected all market participants. The article analyses the pillars on which to build a solution for Vietnam.
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Enhancing Vietnam’s Financial Sector: Insights from the New Institutional Economics Perspective
Despite significant economic developments, the Vietnamese financial market (still) faces challenges, including the lack of an internationally relevant financial market and currently high default rates in the corporate bond market. An important factor contributing to this situation is (legal) institutional factors. This policy paper reviews Vietnam's financial market as well as legal institutions to examine how institutional deficiencies have contributed to the current financial market turmoil.
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Bond mobilisation needed for Ho Chi Minh City infrastructure
To realise its ambition of becoming Southeast Asia and Asia’s leading hub in multiple sectors, Ho Chi Minh City must bolster its infrastructure. With the city’s budget only covering 30-40 per cent of infrastructure costs, amidst an economic slump, there is an urgent need to devise strategies to entice international financing, potentially through bonds. A future financial centre could also be instrumental in this endeavour.
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Unlocking Growth and Resilience: The Crucial Role of Open and Transparent Data in Socialist Vietnam
Governments worldwide recognize the importance of open data and artificial intelligence (AI) in driving economic development and improving management capabilities. Recognizing the importance of open data and the catalytic use of innovation, this paper serves as a policy consultation to help the Vietnamese government develop a strategy to foster an environment in which open information practices can thrive within Vietnam's digital data transformation agenda.
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Vietnam: Unlocking More Opportunities to Attract U.S. Investment
Over the past few years, American companies have been actively investing in Vietnam, with a consistent rise in the number of projects and registered capital. In the first half of 2023 alone, U.S. investors contributed over $405 million, ranking 8th among countries and territories investing in Vietnam. Businesses are looking at Vietnam as a destination for development and opportunities. Vietnam should take this opportunity to welcome more "eagles" from the U.S. to add a decisive boost to their long-term economic growth goals.
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Neighbouring real estate wobbles and their impact on Vietnam
For many foreign investors, the two neighbouring countries of Vietnam and China seem to be similar in terms of their socioeconomic and political structure. Thus, investors exercising caution with the Vietnamese market. Prof. Dr. Andreas Stoffers, Country Director of the Friedrich Naumann Foundation in Vietnam, outlined his thoughts to the Vietnam Investment Review (VIR).
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VACANCY NOTICE: Communication Officer & Executive Assistant to Country Director
FNF Vietnam is currently looking for candidates for the position of Communication Officer & Executive Assistant to the Country Director (temporary for 7 months), working at the Hanoi office. To join our team, please send your application before 15th Aug 2023.
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The Vietnam Annual Economy Report 2023: Business Linkage and Development for an Autonomous Economy
In Hanoi, on June 22nd, 2023, the Launching Conference of the Vietnam Annual Economy Report 2023 was held by the Vietnam Institute for Economic and Policy Research (VEPR) in collaboration with FNF Vietnam. The report, with the theme " Business Linkage and Development for an Autonomous Economy," presents several important policy recommendations aimed at enhancing the competitiveness of businesses and strengthening business linkages in the new context.
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Vietnam Women Union visits FNF Headquarters in Germany
On June 1st, 2023, the Executive Director of FNF in Germany, Ms. Annett Witte, was honored to welcome a delegation from the Vietnam Women's Union and the Center for Women and Development to our headquarters in Germany. Leading the delegation was Ms. Do Thi Thu Thao, Party Committee Secretary and Standing Vice Chairwoman of the Vietnam Women's Union.
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Progress clear on Vietnam’s trade path
After more than two decades of robust growth, Vietnam has again shown exceptionally strong economic development in the past year. In the last 10 years, the volume of trade with the European Union has increased 2.3 times, and the EU is now Vietnam’s third-largest trading partner.
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Vietnam´s GenZ: Family ties trump individualism
With about 13 million people, the GenZ, i.e. people born between 1997 and 2012, makes up about 19% of Vietnam's population. Globally, there are general trends within this age cohort - from mindset and the use of social media to the affinity to technology. One of the core values attributed to this generation worldwide is their drive for individuality. However, this does not seem to hold up in Vietnam.
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Vietnam must meet the challenge of a Global Minimum Tax
137 countries have agreed on details for tax reform after years of negotiations. Supporters of this global minimum tax (GMT) speak of a historic breakthrough in the fight against tax avoidance. However, there is also criticism. Vietnam is an official partner of the GMT and currently is trying to adapt the new rules in the best possible way to continue to be attractive for FDI.
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EU-Vietnam Free Trade Agreement (EVFTA)
This paper analyzes typical features of the "new generation" FTA as they are concretized in the EVFTA. It then identifies the unprecedented opportunities that these “new-generation” commitments promise to bring to Vietnam and evaluates the costs that Vietnam has to pay for such a promising future. It seems that all these potential impacts from the EVFTA are indispensable for Vietnam to move forward in a changing world.
Social Media
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NEIGHBOURING REAL ESTATE WOBBLES AND THEIR IMPACT ON VIETNAM For many foreign investors, the two neighbouring countries of Vietnam and China seem to be similar in terms of their socioeconomic and political structure. Thus, investors exercising caution with the Vietnamese market. Prof. Dr. Andreas Stoffers, Country Director of the Friedrich Naumann Foundation in Vietnam, outlined his thoughts to the VIR - Vietnam Investment Review.
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Fritz Kuermayr, an Austrian student, had a chance to serve abroad as an intern at the project locations of the Friedrich Naumann Foundation in Madrid (Spain) and Hanoi (Vietnam), from September 2022 to July 2023. Here he shares some thoughts upon concluding his journey as he gained valuable experiences and memories.
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🕊️ CELEBRATING INTERNATIONAL DAY OF PEACE WITH FRIEDRICH NAUMANN FOUNDATION FOR FREEDOM 🕊️ Today, 21 September, we join the world in commemorating the International Day of Peace, a day that resonates deeply with our mission of promoting freedom worldwide. 🌍 In a world filled with challenges and complexities, peace stands as a beacon of hope. It's a reminder that through dialogue, understanding, and cooperation, we can build a brighter future for all. 🤝 At the Friedrich Naumann Foundation for Freedom, we are committed to fostering peace through our work, advocating for the principles that underpin a just and peaceful society: ✨ Freedom: We believe that freedom is the cornerstone of lasting peace. When individuals are free to express themselves, participate in governance, and pursue their aspirations, the foundations of peace are strengthened; 🤝 Dialogue: We promote open and constructive dialogue as a means to bridge divides, resolve conflicts, and build trust among communities and nations; 📚 Education: Education is a powerful tool for peace. We support educational initiatives that empower individuals with knowledge, critical thinking, and the skills needed to address global challenges; 💪 Empowerment: Empowering people to have a say in their own destiny is key to building peaceful societies. 🌟 On this International Day of Peace, let us all commit to promoting a culture of peace, tolerance, and respect. Together, we can make a difference and contribute to a world where every individual can live in peace and dignity. Join us in celebrating this day of unity and harmony. Together, we can make a lasting impact on the path to peace. 🤝🌐 #InternationalDayOfPeace #PeaceDay #FreedomForAll #PeaceAndUnity #FNF4Freedom
