European business leaders remain cautious, but see signs of improvement in Vietnam's economy, according to the latest Business Climate Index (BCI) report released by the European Chamber of Commerce in Vietnam (EuroCham) and produced by Decision Lab.
Although external factors reduces Vietnam's growth potential, European businesses in Vietnam still believe in the prospects of this market, especially green development.
With a vaccine-led approach, Vietnam can repeat its achievements in economic growth.
Four in five European business leaders agree that businesses should be able to inoculate their workforce, reducing the burden on the state budget while also helping to accelerate the government’s vaccination drive.
The European Chamber of Commerce (EuroCham) and the Vietnam Chamber of Commerce and Industry (VCCI) has established a new bilateral forum to support the smooth and successful implementation of the EU - Vietnam free trade agreement (EVFTA).
European business leaders were more positive about Vietnam’s trade and investment environment in the first few months after Covid-19, according to data from the Business Climate Index (BCI) of the European Chamber of Commerce in Vietnam (EuroCham).
Nicolas Audier, co-chairman of the European Chamber of Commerce in Vietnam (EuroCham), said that the trade pact will benefit not only companies and consumers, but also the welfare, wages and living standards of millions of people in Vietnam.
Confidence in Vietnam’s trade and investment environment, now at 81 points, is the second-highest result since the end of 2016, according to EuroCham.
Almost 80 per cent of European enterprises surveyed by EuroCham believe that the EVFTA will have either a 'significant' or 'moderate’ impact on their business in the medium term.
European enterprises are showing more confidence in Vietnam's trade and investment envỉonment as well as its macroeconomic outlook, according to EuroCham.
The sentiment of European and Europe-linked companies in Vietnam when it comes to the conditions for business in the Vietnamese market is moderately positive, according to EuroCham.
Over 46 million workers have not undertaken specialised training, hence the focus ought to be on upskilling this workforce in preparation for the jobs of the future, especially under the context of Vietnam's deep integration into the world economy.
.png)
According to European Chamber of Commerce in Vietnam (EuroCham), Vietnam should conduct appropriate solutions to cut costs and administrative workload for automotive enterprises, aligning with the target of administrative reform in Vietnam as well as the objectives and principles of the EU - Vietnam Free Trade Agreement (EVFTA).
