EuroCham member businesses reported good performance between July and September, with 57% describing it as “good” and 10% as “excellent”. Only 8% gave negative responses.
Regarding their outlook for the fourth quarter, the respondents remain optimistic with nearly 60% believing that their business situation will be “good” and another 11% answering “excellent”.
Members in the EuroCham were optimistic about the prospects of Viet Nam’s macro-economy with 58% forecasting as “sustainability and improvement” and 32% said as “unchanged”.
In the survey, more than half of the interviewed firms said they will expand their workforce in the fourth quarter, including 41.9% with “moderate increase” and 8.4% with “significant increase”.
The same rate of European companies said they will increase investment this quarter with 40.9% anticipating a “moderate increase” and 10.8% expecting a “significant increase”. Only 6% plan a reduction in their investment.
Regarding revenue forecasts, more than 70% of leaders from EuroCham businesses expects to achieve the “significant increase” (15.3%) and “moderate increase” (56.2%) in the fourth quarter of 2018.
EuroCham Co-Chairman Nicolas Audier said the BCI has manifested the trust of the European enterprises for Viet Nam’s business and investment environment.
By Thuy Dung