German businesses overall are positive on the economic outlook in Vietnam, according to the ASEAN Business Climate Survey 2014 conducted by the network of German Chambers of Industry and Commerce in ASEAN.

German companies have high expectations for sales, production, workforce demand and capital expenditures in 2015.

Around 50 percent of those in Vietnam said they have done better compared to last year and expect to continue this strong run, especially on the sales, where 56 percent of the respondents forecast an increase over the next 12 months.

Meanwhile, 60 percent of them intend to increase their workforce in 2015 and keep their capital expenditure high.

The survey was conducted amongst German companies in May 2014. The respondents in Vietnam mainly represented the industries (48 percent), services (35 percent), trading (9 percent), consultancy (6 percent) and testing certification (3 percent).

The questions focused on business confidence, growth expectations, investments, and company indicators comparing the current situation with the past year and forecasts for the year ahead. Respondents were also asked on their views of the current overall economy.-VNA