Business

European firms stay positive on Vietnam’s business climate

The Business Climate Index (BCI) for the first quarter of this year released by the European Chamber of Commerce in Vietnam (EuroCham) showed European firms’ positive expectations towards Vietnam.
European firms stay positive on Vietnam’s business climate ảnh 1Illustrative photo (Photo: VNA)
HCM City (VNA) – TheBusiness Climate Index (BCI) for  thefirst quarter of this year released by the European Chamber of Commerce inVietnam (EuroCham) on May 29 showed European firms’ positive expectationstowards Vietnam.
 

The index hit 78, seven points belowthe fourth quarter of 2016, but this does not mean that businesses are underalert or will not continue to explore such a high-potential economy as Vietnam,said EuroCham Chairman Jens Ruebbert. 

The survey showed most businesses(90 percent) are either maintaining or increasing their investments in Vietnam,adding that inflation is no longer a concern for them.

It also indicated about 67percent of respondents described the business situation in Vietnam as “verygood” or “good”.

In addition, about 20 percent ofEuroCham members believed regulatory reform has improved.

According to Ruebbert,enterprises also expressed their wish for more transparency, competitiveness,sustainability and a better trained workforce.-VNA

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