Grant Thornton: Vietnamese business confidence rebounds in Q2
VGP - Business confidence bounced back in Q2 as many enterprises were optimistic about higher revenue in the next 12 months, according to the latest Grant Thornton International Business Report (IBR).
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The report shows business optimism in the Southeast Asia region decreased from 27% in Q1 to 23% in Q2.
Vietnam’s business optimism saw a slight increase to 8% from 6% in January-March period. The figure was 34% in the last three months of 2011.
IBR reported that, about 86% of Vietnamese businesses are optimistic about a rise in revenue in the following months, while 78% of respondents believe that they can earn a higher profit.
The Grant Thornton says despite global economic fluctuations, Southeast Asian businesses are not hesitant to increase investment for future growth.
Approximately 24% of regional businesses plan to invest in the construction of new buildings in the next four quarters, and 39 percent will pour money in building factories and buying machines.
However, it says, Vietnam is now facing a negative impact caused by the global economic downturn, resulting in lower goods orders that poses a real challenge to further growth./.
By Kim Loan
