This figure presented an increase of 10 points from the previous quarter. The survey also showed that European businesses are optimistic about Vietnamese market with 71.5 percent of participating European firms described their current operation as “excellent” and “good”. There was only 5.5 percent of participating European firms rated “not good” and a very few said “very bad”.
The majority of responded European enterprises acknowledged that the country’s macroeconomic stability is likely to continue, with nearly 60 percent of respondents forecasting “stabilisation and improvement”.
Approximately 41 percent of polled firms said to maintain their current investment level in Vietnam, while 39 percent planned to pour more money into the market.
EuroCham Chairman Michael Behrens said the index reflected EuroCham enterprises’ positive outlook for Vietnam, which is a good sign for the implementation of the European Union-Vietnam free trade agreement (EUVFTA).