Vietnamese small and medium-sized enterprises (SME) business growthoptimism index has ranked second in the world behind Arab Saudi,according to HSBC survey results announced on Jan. 20.
One fourth of surveyed businesses in developed markets said economicgrowth would be slower in the next six months while 43 percent ofbusinesses in emerging markets said that the economy would bounce back.In particular, 60 percent of Vietnamese businesses were optimistic thatthe local economy will continue to develop.
Askedabout business plans in international markets in the next two years, 42percent of Vietnamese businesses said that they have plans to expandbusiness and about 18 percent of businesses plan to expand intointernational markets.
Acknowledging difficulties inexpanding businesses to international markets, about 49 percent ofVietnamese respondents said that access to capital and knowledge oftrading with foreign currency are major obstacles.
Three top concerns of Vietnamese businesses in the next six months areinflation (62 percent), economic growth conditions (52 percent) anddifficulties in accessing capital (52 percent).
Thesurvey results also pointed out that 53 percent of local respondentsbelieve that monetary policy and economic stimulus packages wereresponsible for economic growth in the past, while 28 percent ofbusinesses said that domestic demand is the main driver of growth.
Alan Keir, HSBC’s global director of Commercial Banking said that theSME optimism trend is a glad sign for emerging markets which play animportant role in promoting the global economy.
Conducted two times per year, this largest-ever survey recorded opinionsof over 6,300 SMEs from 21 markets in Asia, Africa, the Middle East,Europe, North America and Latin America./.
One fourth of surveyed businesses in developed markets said economicgrowth would be slower in the next six months while 43 percent ofbusinesses in emerging markets said that the economy would bounce back.In particular, 60 percent of Vietnamese businesses were optimistic thatthe local economy will continue to develop.
Askedabout business plans in international markets in the next two years, 42percent of Vietnamese businesses said that they have plans to expandbusiness and about 18 percent of businesses plan to expand intointernational markets.
Acknowledging difficulties inexpanding businesses to international markets, about 49 percent ofVietnamese respondents said that access to capital and knowledge oftrading with foreign currency are major obstacles.
Three top concerns of Vietnamese businesses in the next six months areinflation (62 percent), economic growth conditions (52 percent) anddifficulties in accessing capital (52 percent).
Thesurvey results also pointed out that 53 percent of local respondentsbelieve that monetary policy and economic stimulus packages wereresponsible for economic growth in the past, while 28 percent ofbusinesses said that domestic demand is the main driver of growth.
Alan Keir, HSBC’s global director of Commercial Banking said that theSME optimism trend is a glad sign for emerging markets which play animportant role in promoting the global economy.
Conducted two times per year, this largest-ever survey recorded opinionsof over 6,300 SMEs from 21 markets in Asia, Africa, the Middle East,Europe, North America and Latin America./.
