European businesses upbeat about Vietnamese market hinh anh 1Producing woodwork products for export (Illustrative photo: VNA)

HCM City (VNA) –
A poll carried out by the European Chamber of Commerce in Vietnam (EuroCham) showed that Vietnam’s business climate index in the third quarter of 2016 went up ten points from the previous quarter to 84 points.

71.5 percent of participating European firms described their current operation as “excellent” and “good”, only 5.5 percent rated “not good” and a very few said “very bad”.

The majority of responded European enterprises acknowledged that the country’s macroeconomic stability is likely to continue, with nearly 60 percent of respondents forecasting “stabilisation and improvement”.

Approximately 41 percent of polled firms said to maintain their current investment level in Vietnam, while 39 percent planned to pour more money into the market.

EuroCham Chairman Michael Behrens said the index reflected EuroCham enterprises’ positive outlook for Vietnam, which is a good sign for the implementation of the European Union-Vietnam free trade agreement (EUVFTA).-VNA