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European businesses are thinking about Vietnam's economy?

Thursday, 02/02/2012, 10:36 GMT+7

The sixth survey on business indicators of enterprises in Europe by the European Chamber of Commerce in Vietnam (EuroCham) implementation in January 1 / 2012.

European business community in Vietnam has proved less pessimistic about economic prospects in Vietnam, according to the results of the survey was Friday the index business of European businesses by the Chamber European business in Vietnam (EuroCham) implementation in January 1 / 2012.

The survey said the credibility and business prospects in the European business community in Vietnam has increased modestly, after being reduced by 11 points in the fourth quarter / 2011.

Concerns about the current business situation and business prospects seem to have become somewhat more gently with the member companies of EuroCham participate in this survey whether business prospects and evaluation their current situation remains bleak.

Compared with the results of the most recent survey, the responses of businesses showed little change in the assessment of their current business. 38% of enterprises evaluate their business is on average, marginally lower than the rate of 45% in previous surveys.

Number rated "good" or "excellent" on the status of their current business accounts for 36%, up slightly from a rate of 32% in the previous quarter but lower than the 64% rate of corporate comedy pleased with the current business situation in the same period last year.

Number of enterprises have negative attitudes about the current business situation remained almost unchanged from the previous quarter was 26%, but higher than 14% over the previous year.

When asked about plans for investment in 2012, participants have expressed a bit more relaxed but still vigilant as the previous survey. 38% plan to increase investment in "low" or "many" (10%), while 31% want to maintain their investment levels and 24% have plans to reduce investment in Vietnam in the medium term.

In terms of turnover and number of orders expected, the answer shows the discrepancy of opinion. 47% expect an increase in revenue on a medium, similar to the previous quarter (45%), while the number of firms (27%) wish to keep some order less than the previous quarter (34 %).

The survey said that inflation remains a major concern for businesses. For questions about the percentage depreciation of the dong, the average of all responses is 8.33%. In addition, 53% of businesses said that inflation has fundamental impact to their business; 36% said that they have some impact and 8% rated the threat of inflation is really the business of them in Vietnam.

Up to 65% of businesses said that macro-economic situation in Vietnam will continue to face difficulties. While 35% said the situation will stabilize and gradually improve. This suggests a fundamental uncertainty from investors about the economy of Vietnam.

When asked whether the current economic crisis in Europe affect the company's decision to invest in Vietnam? 55% said that the crisis affects them, even though most businesses claim that the effect of "light". In contrast, 44% responded that the crisis in Europe does not affect their decision to invest in Vietnam.

When asked whether corruption is fundamental to reduce or delay their investment in Vietnam is not, about 39% said it had little effect, 25% said that corruption has no effect and 34% of businesses say that corruption reduces or delays "significantly" their investment in Vietnam. This is an increase from 28% in the previous quarter and also found that corruption remains a serious problem and expressed prominently in the consideration of investors about Vietnam.


Written : HOÀI NGÂN