Business insight

EuroCham President Alain Cany In comparison to the first quarter of 2022, European investors' confidence in Vietnam's growth potential has decreased. Approximately 60 percent of respondents predict that Vietnam's economy will stabilize or improve in the third quarter of 2022, while this figure was 69 percent the previous quarter. Around 45 percent of survey respondents said they were very satisfied or satisfied with Vietnam's efforts to attract and retain foreign direct investment (FDI), while 76 percent expect their company to raise capital. FDI into Vietnam before the end of the third quarter. However, regarding Vietnam's green growth prospects, 79 percent of business leaders said their assessment of Vietnam's green development potential has improved. Nearly 90 percent of respondents think that Vietnam should strengthen the development of the green sector to attract more foreign investment. The survey also identified barriers to European investment in Vietnam and trade … [Read more...] about Business Climate Index in Vietnam drops: EuroCham Vietnam

Vietnam's potential growth is also being viewed with less favor by European business leaders, as 60 percent of respondents predicted that the Vietnamese economy would stabilize or improve in the third quarter of 2022, compared to 69 percent who held this belief entering the second quarter, according to a report released Monday by the European Chamber of Commerce in Vietnam (EuroCham). But most European business leaders remain upbeat about investing more in Vietnam, with 76 expecting their company to increase foreign direct investment (FDI) in Vietnam before the end of this quarter. Positive views were expressed about Vietnam's prospects for green growth too, with 79 percent of participants saying their assessment of Vietnam's green development potential improved from the first quarter. Regarding the link between green growth and FDI, nearly 90 percent of respondents believed Vietnam should increase green sector development to attract more foreign investment. Some barriers … [Read more...] about European business sentiment declines in Vietnam driven by global headwinds

This is the first time that the number of newly-established enterprises in the first six months has exceeded 70,000. Data from the Business Registration Management Agency under the Ministry of Planning and Investment showed that 116,900 enterprises were entering or re-entering the market in the first half of 2022. The capital city of Hanoi and the southern largest economic hub of Ho Chi Minh City continued to record a significant increase in newly-established enterprises . Meanwhile, the number of enterprises returning to operation in the first six months of this year was 40,667, an increase of 55% over the same period last year and 1.9 times higher than the average in 2017-2021./. VNA … [Read more...] about Newly-established businesses exceed 70,000 in first half

Illustrative image (Source: VNA) Ho Chi Minh City (VNA) -  European business stakeholders' confidence in Vietnam's investment environment declined slightly in the second quarter of this year, according to the Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham). Ukraine , commodity price spikes, and the ripple effect of China's zero-COVID policy have dampened expectations among Vietnam's European business community. European business leaders. Up to 60% of respondents predicted that the Vietnamese economy would stabilise or improve in the third quarter of 2022, compared with 69 percent who held this belief entering the second quarter. EVFTA ). VNA … [Read more...] about European stakeholders’ confidence in Vietnam’s business environment slightly declines: EuroCham

The Business Climate Index is the leading indicator of the European business and investment community in Vietnam. European businesses in Vietnam expressed their positiveness about Vietnam’s prospects for green growth, according to the latest Business Climate Index (BCI) released by the European Chamber of Commerce in Vietnam (EuroCham) and YouGov Vietnam. CEOs of European businesses gather an event in Ho Chi Minh City last April. Photo: EuroCham According to the BCI, nearly 80% of participants said their assessment of Vietnam’s green development potential improved from the first quarter of this year. About 44% of the respondents have good and excellent outlook regarding the potential for Vietnam’s green and sustainable development. Regarding the link between green growth and foreign-direct investment (FDI), nearly 90% of the respondents believed Vietnam should accelerate green sector development to attract more foreign investment. EuroCham Chairman Alain … [Read more...] about European businesses positive about Vietnam’s prospects for green growth

Businesses are discovering new ways to separate, contain, and re-use the waste they produce, Le Toan SCG Packaging (SCGP) under Thai industrial conglomerate SCG impressed at last week’s exhibition on the circular economy in Vietnam with a number of environmentally-friendly products, one of which was paper beds. These beds, easily installed and transported, are made entirely of recycled paper and have been provided for many hospitals in Vietnam in recent times. “This is one of the products demonstrating the responsibility of SCG in the role of a citizen enterprise. We stand ready to bring innovative solutions to Vietnam to help authorised agencies and people,” said Sompob Witworrasakul, general director of Vina Kraft Paper Co., Ltd., a member of SCGP. Over past years, SGC has also applied high technology to its cement production. Its cement products are energy-saving, with technology helping reduce greenhouse gas emissions by about 115,000 tonnes a year. Additionally, the … [Read more...] about Sustainable products stimulating business