A corner of HCM City (Photo: VNA) The reporthighlighted that Vietnam's draw as a foreign direct investment (FDI)destination remains strong among European business leaders, with 3% moreEuropean business stakeholders citing it as one of their top three investmenthotspots worldwide.
The BCI, which quantifies the business sentiment of the Europeanbusiness and investment community in Vietnam, held steady at 48 in the firstquarter of 2023. Though it remains at the same level it registered as 2022 drewto a close, there are promising indications that European business stakeholdersare witnessing a positive shift in their economic outlook.
Encouragingly, the business environment outlook for 2023 is displayingpromising signs of betterment. Specifically, the number of respondents who aresanguine about the nation's economy has risen by 8 points, signaling a growingfaith in its prospects, it said.
According to the survey, the number of individuals expecting a downturnin the economy decreased by 6%, while that of those forecasting an upturnin revenue and orders increased by 7%.
The survey results also indicate that the European business andinvestment community is broadly content with the level of attentionpolicymakers have given to business needs in Vietnam, with a third ofrespondents expressing significant or moderate satisfaction. This positivefeedback is a testament to the government's ongoing commitment to fostering abusiness-friendly environment in the country.
However, foreignbusinesses in Vietnam continue to grapple with regulatory opacity,administrative inefficiencies, and visa and work permit issues./.
VNA
