Most European Businesses Upbeat on Vietnam’s Macroeconomic Outlook
The majority of European investors in Vietnam are optimistic about the country’s macroeconomic situation, with 56.3 per cent of respondents indicating stabilisation and improvement, according to a survey.
Results of the business climate index survey conducted in the second quarter by the European Chamber of Commerce in Vietnam show that 34.4 per cent of respondents said the macroeconomy would not change, while only 9.4 per cent expected deterioration.
Nearly half of respondents expected the number of orders or revenue to increase slightly in the next quarter. 15.6 per cent of them were even more optimistic, expecting a significant increase of revenue in the next three-month period.
Responses were also positive in questions about investment and recruitment with 43.8 per cent answering that they would increase investment, while 43.7 per cent expected an increase in the total number of employees.
A very small number of respondents said they would reduce their workforce while half would maintain the same level.
EuroCham Chairman Michael Behrens said the second quarter’s results showed positive expectations for the near future and consistent satisfaction with the present situation.
This was a good sign for the current implementation of the EU-Vietnam Free Trade Agreement, which is expected to strongly enhance European business and investment, added Behrens.
According to the Ministry of Industry and Trade, as of July Vietnam’s exports to the EU reached US$16.2 billion, up 8.68 per cent, while Vietnam imported US$4.97 billion worth of EU goods, up 10.28 per cent.
NDO
Vietnamese
