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EuroCharm: Business confidence index increases modestly

VGP – There has been a slight increase in business confidence and outlook among European enterprises in Việt Nam, according to the EuroCham Business Climate Index survey.

February 02, 2012 12:22 PM GMT+7

Illustration photo

EuroCham said that the EuroCham business climate index rose to 52 points after dropping 11 points in Q4 of last year.

About 36% of surveyed businesses expressed pleasure at their current business operation in Việt Nam, while 26% are still pessimistic.

Over 47% are expected to see a middle-term increase in their trade revenue and 27% want to maintain their current business operation.  

Regarding recruitment place in 2012, 40% of surveyed businesses say they will employ more workers, 39% want to maintain their current staff level, and 14% will reduce the number of employees in Việt Nam.

The Chairman of the European Chamber of Commerce (EuroCham) Alian Canym said that the index reflects the confidence of EuroCham members in Việt Nam’s business prospects.

EuroCham Managing Director Matthias Duehn said that the debt crisis in the Euro zone has affected investors’ decisions in Asia. Many investors are keen on the Southeast Asian market, including Việt Nam. The Managing Director suggested the country sharpen its competitive edge to attract more investors./.

By Khánh Phương