EU upbeat about Vietnam’s business environment
Monday, 22/08/2016 09:29 (GMT+7)
European Union enterprises were positive about the business environment in Vietnam as a large number of them planned to increase investment in the country, according to a Business Climate Index (BCI) survey for the second quarter of the European Chamber of Commerce in Vietnam (EuroCham).
Photo for illustration. (Source: VNA)
Accordingly, the majority of European enterprises acknowledged that the country’s macroeconomic stability will likely continue, with 56.3% of respondents forecasting “stabilization and improvement” and just 9.4% of respondents expecting declining macro-economy.
EuroCham reported that around 49% of the respondents expect the number of orders or revenue to increase slightly in the next quarter. Up to 15.6% of them were even more optimistic.
The trend is considered as a good sign for the implementation of the EU-Vietnam Free Trade Agreement (EUVFTA), that is expected to boost business and investment activities by foreign enterprises in Vietnam.
The Ministry of Industry and Trade reported that as of early July, the two-way trade touched USD21.2 billion, up 9.05% percent compared to the same period last year. Of this figure, Vietnam exported USD16.2 billion worth of goods to the EU, a year on year increase of 8.68% while importing over USD4.97 billion worth of goods, up 10.28% against the same period in 2015./.
CPV/VGP
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