ex. Game, Music, Video, Photography

European firms upbeat about Vietnamese market: survey

Many describe the state of the market as good and are positive about the future.

Ngày đăng: 15 tháng 9, 2021
Cập nhật: 10 tháng 1, 2023
Lượt xem: 314796567
Nguồn: vnexpress

European companies in Vietnam are showing more confidence in the local market and its future, with many describing the situation as good or excellent.

The Business Climate Index, which measures the sentiment of European businesses about their situation in Vietnam, increased nine points from the second quarter to 86 in the third quarter, according to the European Chamber of Commerce in Vietnam (EuroCham), which represents around 900 European businesses that include some of the world’s leading companies.

According to the latest EuroCham survey, 71.5 percent of respondents described their current business situation as “excellent” or “good”, while only 5.5 percent said the market was “not good.” The rest classified the state of the market as “neutral” and there were no responses describing it as “very poor”.

Many companies are also positive about the near future, with 16.5 percent giving “excellent” responses to questions about their company's business outlook for the next quarter. Another 64.2 percent said it would be “good” and only 2.7 percent of the responses were negative.

Almost 60 percent of the respondents said they expect Vietnam’s macroeconomy to be stable and improve in the next quarter,

More than half of the companies also have plans to hire more staff in the last quarter, and less than 3 percent said they would be laying off workers.

Also, 55 percent of the companies surveyed plan to increase their investment in the last quarter of the year, with 16,5 percent of the respondents planning a “significant increase”.

The European Union is a major investor in Vietnam with more than 1,800 projects effective as of the end of April, mostly in industry and construction. Their registered capital totals over $23.16 billion.

The E.U. and Vietnam inked a free trade agreement in August of last year. It will take effect in late 2017 or early 2018, with tariffs cuts on most goods between the markets. Annual trade between Vietnam and the E.U. is worth around $31 billion.

Related news:

Changing diets in Vietnam a boon for European meat exporters

European firms put their faith in Vietnam


Từ vựng liên quan

Tin tức liên quan

 Come December, it
travel 27/03/2021

Come December, it's blooming flower season in Ha Giang

places | 102366610

Ha Giang Province at this time of year shimmers with yellow cabbage, peach blossoms, and buckwheat flowers, as charmingly depicted in photos by lensman Nguyen Duc Phuoc.

 V. League club proposes to host Vietnam
sports 16/09/2021

V. League club proposes to host Vietnam's World Cup qualifiers games

football | 319716570

Hai Phong FC has proposed to host two of Vietnam's home games in World Cup qualifiers at their stadium Lach Tray, following comments of My Dinh Stadium's poor quality.

 Warehouse in Saigon’s backpacker precinct burns to the ground
news 10/05/2021

Warehouse in Saigon’s backpacker precinct burns to the ground

news | 203776586

No one was inside when the fire engulfed the warehouse.

Remains of final UK truck tragedy victims return home
news 24/09/2021

Remains of final UK truck tragedy victims return home

news | 336756559

The remains of 23 Vietnamese citizens who died in the U.K. truck tragedy last month were brought home Saturday.

Indonesia sets 39 Vietnamese fishermen free
news 22/09/2021

Indonesia sets 39 Vietnamese fishermen free

news | 333606572

Jakarta is taking a tough stance on illegal fishing in its waters.

  Foreign expansion
business 26/08/2022

Foreign expansion 'the only option': Hoa Binh chairman

companies | 407736561

The chairman of construction giant Hoa Binh Group said the domestic market was "too cramped," and expanding abroad is the only option for its billion-dollar sales target.

Textile firms survive on weekly export orders
business 08/09/2021

Textile firms survive on weekly export orders

industries | 250206558

The textile and garment industry continues to be hurt by the Covid-19 pandemic with only weekly orders coming in due to uncertain demand.

  John Kerry to address climate crisis on Vietnam trip
news 31/08/2022

John Kerry to address climate crisis on Vietnam trip

news | 408766560

The U.S. Special Presidential Envoy for Climate John Kerry is expected to visit Vietnam from Sep. 2 to 6 to address the climate crisis, the Department of State announced.

  Interpreters jailed for helping Chinese nationals enter Vietnam
news 25/08/2022

Interpreters jailed for helping Chinese nationals enter Vietnam

news | 407346561

A man and a woman working as interpreters have received prison terms for helping Chinese nationals illegally enter Vietnam.

  China customs drops some Covid reporting for international arrivals; quarantine remains
world 29/08/2022

China customs drops some Covid reporting for international arrivals; quarantine remains

world | 408526562

China still requires international passengers to take pre-departure Covid tests and quarantine upon arrival, the customs office said on Friday, a day after dropping some reporting requirements for travelers clearing customs.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…