The 2012 survey on business indicators of European enterprises in Vietnam, conducted by the European Chamber of Commerce last month, showed that confidence and business prospects among European companies in Vietnam had stabilised and far more optimistic than in the fourth quarter of 2011.

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The business climate index in Vietnam rose by 4 points to 56 points, reported the survey.

36 per cent of businesses participating in the survey said that they are doing ‘good’ or ‘excellent’, and showed a slight increase from 32 per cent in the previous quarter. However, this level is still much lower than 64 per cent businesses satisfied with their current business situation in the same period last year.

Moreover, 38 per cent of European companies plan to increase investment, while 31 per cent want to maintain their investment in 2012.

40 per cent of the businesses that participated in the survey belonged to the service sector, about a quarter in manufacturing and trading, and the rest in various other sectors.

Source: Saigon daily