Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Investment  >> European firms split on economic outlook
NEWS UPDATES Asean Affairs   11 November 2013  

European firms split on economic outlook

Business confidence among European firms in Viet Nam remained unchanged for the third year in a row, with exactly half of businesses being confident about the future.

This was the result of the 13th quarterly EuroCham Business Climate Index (BCI) survey, which was released on Wednesday.

However, investment plans and business orders are expected to increase, thus boosting recruitment, and inflation is likely to have a decreased impact on business, according to the report.

More respondents expected to increase investment in Viet Nam, with the figure jumping from 34 per cent last quarter to 41 per cent this quarter. Furthermore, the rate of respondents planning to "significantly increase investments" doubled from last quarter's 8 per cent. In line with this development, the expected number of business orders continued growing to 67 per cent.

Respondents remained conflicted about the macro-economic outlook, with 47 per cent expecting "stabilisation and improvement" and 35 per cent expecting no change. The findings demonstrate that initiatives undertaken by the Government to reduce inflation have been effective, as the number of respondents expecting inflation to have a "significant or threatening impact" on their business substantially declined (29 per cent compared to 43 per cent last quarter and 50 per cent last year).

EuroCham Chairman Preben Hjortlund said it was worrisome to see the BCI come out at 50 per cent for the third year in a row; moreover, he found it interesting to see that so many respondents feared that legislative changes would negatively impact their business in 2014.

"This clearly demonstrates the need to incorporate the business community in the legislative process and to take their opinions into account in order to avoid legislation having perverse effects when implemented. Finally, it is important to note the high level of respondents calling for the Vietnamese Government to take note of the Whitebook 2014, which will be published on November 11," he said.

Since its establishment with only 60 members in 1998, the European Chamber of Commerce in Viet Nam (EuroCham) has grown to represent more than 750 European businesses, counting among its supporters many of the world's leading enterprises.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories   11 November 2013 Subsribe Now !
• 17 Thai stocks added to MSCI indices effective from Nov 27 Subcribe: Asean Affairs Global Magazine
• Cambodian PM appeals to armed forces to remain calm ahead of ICJ verdict Asean Affairs Premium
• European firms split on economic outlook
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Cargill plans $750 million expansion in Indonesia
• HK Legislative Council votes to virtually cut ties with PHL
Asean Analysis          11 November  2013 Advertise Your Brand
• Asean Analysis-November 11, 2013
WTF – "What The Future holds" Event Summary
Asean Stock Watch     8  November  2013
• The Biweekly Update  November 1, 2013 • Asean Stock Watch-November 8, 2013

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand