European enterprises’ confidence in VN on the rise

19:33 | 23/01/2015

VGP – The Business Climate Index (BCI) for the fourth quarter of 2014 showed business confidence, prospects and expectations improved significantly, the European Chamber of Commerce (EuroCham) in Viet Nam announced.

The survey results announced on January 22 indicated that the BCI increased from 74 points to 78 points in the fourth quarter of 2014 which was close to the highest results recorded in early 2011.

According to EuroCham Executive Director Csaba Bundik, the results of the BCI reflected the expectations of European enterprises in Vietnam for the ongoing negotiations of the Viet Nam-EU Free Trade Agreement (FTA), but their confidence will decline sharply if the ongoing negotiations cannot come to a conclusion within a reasonable period of time.

The number of European businesses affirming their business situation as positive continued to increase with 5% of European businesses perceiving the situation as ‘excellent’, 52% reporting ‘good’.

This is also reflected in participants’ expectations on headcount, investment and orders/revenue. For headcount development, 48% of respondents said they are considering increasing slightly the number of employees, 41% said they consider increasing their investment in Viet Nam.
                                                                                                            By Vien Nhu