Asked about Vietnam’s economic prospects in the first quarter of 2021, 57% of EuroC participants in the survey predicted that the “stable and improved” situation would be maintained; One-third of members predict their number of employees will increase in the first quarter of 2021 and 57% expect to maintain the same level. Meanwhile, 30% of respondents predict investment will grow, and 43% predict orders and revenue to grow.
Regarding the effect of the Vietnam – EU Free Trade Agreement (EVFTA), 70% of business representatives surveyed said that their businesses have benefited from EVFTA. However, 33% said that “administrative procedures” will be the main challenge to optimize the effectiveness of the EVFTA Agreement. Commenting on the results of the Economic Cycle Index (BCI), EuroCham Chairman Nicolas Audier said: “Our latest BCI is a positive picture of Vietnam’s business environment and prospects for 2021. “. Meanwhile, Thue Quist Thomasen, Managing Director of YouGov Vietnam (BCI’s field investigation and data collection agency), added: “The trend of positive perceptions among European businesses shows that Vietnam’s growing confidence in the trade and investment environment – as opposed to the situation in other parts of the world ”.
The BCI is a measure frequently used by EuroCham members to assess the business environment.
Source: sggp.org.vn – Translated by fintel.vn