The business confidence index (BCI) in the third quarter of2009 increased by 6 points over the previous quarter, which is also a36 point rise compared to the first index in the third quarter of 2008.
This is one of the results from a survey jointly conducted by theVietnam WVB Financial Intelligence Services (WVB VietNam) and thePetroVietnam Finance Investment and Consultancy Company (PVFC Invest)and will be officially made public on October 16.
Most major economies are concerned about the return of inflation overthe last few months of the year, so the increase in the BCI is a goodsign that the country’s economy is recovering, according to the survey.
This survey, extended from 15 September to the first week in October2009 attracted 143 companies from 11 primary sectors and industries inVietnam. Half of them were small or medium-sized enterprises.
Up to 71 percent of the questioned businesses said that they thoughtthe overall economic conditions have improved compared to one year agoand 77 percent think the conditions will get better over the nexttwelve months.
Meanwhile, 57 percent of businesses expect to increase their workforceemployees and 59 percent think they will continue to invest more infixed assets over the next 12 months.
No businesses said they are worried about their sales dropping off inthe next 12 months and 69 percent said that they are confident theircompany’s profits will increase in the next year.
In this survey, the WVBVN and PVFC Invest also investigated theopinions of enterprises on burning issues including the effectivenessof the first stimulus package, the necessity for a second package, thenature of the economic recovery and the market outlook in the nearfuture.
The results show that 54 percent of enterprises believed that therecent signs of economic recovery indicate that the economy is escapingfrom the recession and making steady progress. Meanwhile, 40 percentsaid that the first package was really effective.
World Vest Base (WVB), a US based company established in 1985,specialises in supplying information and financial databases asrequested by banks and financial organisations worldwide./.
This is one of the results from a survey jointly conducted by theVietnam WVB Financial Intelligence Services (WVB VietNam) and thePetroVietnam Finance Investment and Consultancy Company (PVFC Invest)and will be officially made public on October 16.
Most major economies are concerned about the return of inflation overthe last few months of the year, so the increase in the BCI is a goodsign that the country’s economy is recovering, according to the survey.
This survey, extended from 15 September to the first week in October2009 attracted 143 companies from 11 primary sectors and industries inVietnam. Half of them were small or medium-sized enterprises.
Up to 71 percent of the questioned businesses said that they thoughtthe overall economic conditions have improved compared to one year agoand 77 percent think the conditions will get better over the nexttwelve months.
Meanwhile, 57 percent of businesses expect to increase their workforceemployees and 59 percent think they will continue to invest more infixed assets over the next 12 months.
No businesses said they are worried about their sales dropping off inthe next 12 months and 69 percent said that they are confident theircompany’s profits will increase in the next year.
In this survey, the WVBVN and PVFC Invest also investigated theopinions of enterprises on burning issues including the effectivenessof the first stimulus package, the necessity for a second package, thenature of the economic recovery and the market outlook in the nearfuture.
The results show that 54 percent of enterprises believed that therecent signs of economic recovery indicate that the economy is escapingfrom the recession and making steady progress. Meanwhile, 40 percentsaid that the first package was really effective.
World Vest Base (WVB), a US based company established in 1985,specialises in supplying information and financial databases asrequested by banks and financial organisations worldwide./.
