The European Chamber of Commerce in Vietnam (EuroCham) survey revealed that Vietnam gained 84 points for the second quarter of 2018 in the Business Climate Index, up 6 points from the previous quarter. Over 70 percent of EuroCham members reported a positive situation for their enterprises in the last quarter, with 65 percent describing it as “good” and 12 percent as “excellent”. 57 percent of EuroCham members predicted Vietnam’s macroeconomic outlook “stabilisation and improvement” in the next quarter and 34 percent believed that it will remain static. For the first time, EuroCham asked its members about Corporate Social Responsibility, with 87 percent said the responsibility is important to their business operations here./. … [Read more...] about Vietnam gains 6 more points in EuroCham’s BCI
Eurocham
Vietnam gains 6 more points in EuroCham’s Business Climate Index
Hanoi (VNA) – Vietnam gained 84 points for the second quarter of 2018 in the Business Climate Index (BCI), up 6 points from the previous quarter, according to new data from the BCI survey released by the European Chamber of Commerce in Vietnam (EuroCham) on October 4. The latest BCI results show the sentiment of European businesses is at its strongest for 18 months, and just two points below the all-time high of the third quarter of 2016. EuroCham members reported an optimistic outlook on various issues, from their own investment and profit projections to workforce levels and Vietnam’s macroeconomic outlook. More than 70 percent reported a positive situation for their enterprises in the last quarter, with 65 percent describing it as “good” and 12 percent as “excellent”. Looking ahead to the next quarter, 64 percent believe their business situation will be “good” with a further 15 percent answering “excellent.” EuroCham … [Read more...] about Vietnam gains 6 more points in EuroCham’s Business Climate Index
EuroCham hails VN’s business environment
Source: The EuroCham The BCI scored 84 points, jumping six notches in Q2, the most positive performance over the last 18 months. The EuroCham business community was upbeat about business prospects. Up to 70% of businesses were optimistic about their business situation. Specifically, 65% described it as “good”; and 12% as “excellent.” EuroCham members were also upbeat about macro-economic prospects in which 57% of respondents said “stable and improved”; 34% said “unchanged;” only 10% said “depression.” Over a half of businesses said that they would raise “remarkably” or “slightly” the number of human resources. The BCI showed Viet Nam is open for business as an attractive trade and investment destination, Nicolas Audier, co-chairman of EuroCham. “The EU-Viet Nam Free Trade Agreement (EVFTA) should be ratified soon. On the cusp of this historic deal, … [Read more...] about EuroCham hails VN’s business environment
Hanoi should focus on its advantages: EuroCham Co-Chairman
The Hanoitimes - Hanoi has taken numerous measures to improve its business environment in a bid to lure more both domestic and foreign investors. Hanoitimes talks to Mr. Nicolas Audier, EuroCham Co-Chairman regarding what Hanoi can do better to meet this goal. How can Hanoi improve its business environment? EuroCham recently worked closely with the Hanoi People’s Committee and had the opportunity to discuss how Hanoi is seeing its future and what European business can offer in the future of the city moving forward. On 25 May 2018, we met with Mr. Nguyen Duc Chung, Chairman of the Hanoi People’s Committee and discussed how Industry 4.0, Smart Cities and High-Technology Agriculture could be areas that Hanoi could develop further and therefore attract more added-value investment to the city. Mr. Nicolas Audier, Co-Chairman of EuroCham Vietnam With regards to the five-year economic development plan of the Hanoi People’s Committee (2016-2020), European investors … [Read more...] about Hanoi should focus on its advantages: EuroCham Co-Chairman
EuroCham remains upbeat on Vietnam
By Dat Nguyen  July 11, 2018 | 03:13 pm GMT+7 A view of Ho Chi Minh City, Vietnam. European firms continue to remain confident that they can do good business in Vietnam, but expect further improvement in its regulatory framework. These are conclusions drawn by the latest survey carried out by the European Chamber of Commerce Vietnam (EuroCham), which represents almost 1,000 European businesses in Vietnam. According to the survey, the Business Climate Index (BCI) in the first quarter this year reached 78 on a scale of 0 to 100, one point up from the previous quarterly survey, said EuroCham. Up to 61 percent of businesses surveyed said that their business situation was either “excellent” or “good” in the first three months this year. Although there was a 10 percent drop in the number of “excellent” votes compared to Q4 2017, there was a 7 percent increase in responses describing the current context as … [Read more...] about EuroCham remains upbeat on Vietnam