Recently, the European Business Association in Vietnam (EuroCham) has released the Business Climate Index (BCI) report. The results of the report show that the confidence of European businesses in Vietnam’s investment environment in the first quarter of 2022 continues to increase, and the European business community is having positive forecasts about the investment environment. future growth of the Vietnamese economy.
The report shows that, in the first quarter of 2022, BCI increased to 73%, reaching the highest level since the fourth outbreak. This number increased by 12% compared to the fourth quarter of 2021, in addition to an increase of nearly 58 points compared to the third quarter of 2021.
In particular, European business leaders expressed more optimism about Vietnam’s loosening of anti-epidemic regulations and continued economic recovery. Accordingly, BCI is likely to maintain this upward trend in the next quarter, with a more optimistic business outlook.
More than two-thirds of respondents believe that the Vietnamese economy is more likely to stabilize and improve in the second quarter of 2022, while in the fourth quarter of 2021, only 58% have positive predictions. That’s far ahead of the 5% of survey respondents who predicted a recession for the next quarter.
The European business community also indicates ambitious second-quarter forecasts for their businesses, especially when compared with first-quarter forecasts. Nearly 66% of survey respondents expect revenue increased in the second quarter of the year, compared with 52% in the previous quarter, with more than 46% of respondents predicting an increase in headcount in the next quarter.
In the first quarter of 2022, BCI increased to 73%, reaching the highest level since the fourth outbreak. Source: EuroCham
In particular, for the first time, BCI has also conducted a survey and evaluation of businesses for the future green growth field of Vietnam. with more than 82% of respondents saying the outlook is positive for the country’s sustainable development potential, reflecting confidence in Vietnam’s green future.
EuroCham President Alain Cany said that European business leaders showed full support for Vietnam’s new post-pandemic normal investment environment. There are many reasons for optimism after Vietnam’s anti-epidemic restrictions and regulations were eased.
“Vietnam’s economic recovery is happening rapidly. Vietnam remains one of the most effective and attractive investment destinations in the world. Disbursed FDI in the first quarter of 2022 has reached a high level. Vietnam’s GDP growth in the first quarter increased by over 5%,” said EuroCham President Alain Cany.
In addition, according to EuroCham President Alain Cany, with recent developments and with Vietnam’s increasing integration as an international economic center, Vietnam has the opportunity to attract a new wave of FDI. It was a wave of high-quality, green FDI from European investors looking for a safe and competitive investment destination.
“Cany, many European businesses participating in the BCI Index survey have expressed deep enthusiasm for Vietnam as a green growth investment destination, so there is no better time than now. to accelerate in the field of sustainable development in Vietnam”, emphasized EuroCham President Alain Cany.
To achieve this, according to EuroCham’s leadership, green development will be the main theme of EuroCham’s activities throughout 2022, with the highlight being the Green Economy Forum and Exhibition (GEFE) 2022.
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