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European businesses upbeat about Vietnamese market

European businesses upbeat about Vietnamese market

71.5% of participating European firms described their current operation as “excellent” and “good”, only 5.5% rated “not good” and a very few said “very bad”.

The majority of responded European enterprises acknowledged that the country’s macroeconomic stability is likely to continue, with nearly 60% of respondents forecasting “stabilisation and improvement”.

Approximately 41% of polled firms said to maintain their current investment level in Vietnam, while 39% planned to pour more money into the market.

EuroCham Chairman Michael Behrens said the index reflected EuroCham enterprises’ positive outlook for Vietnam, which is a good sign for the implementation of the European Union-Vietnam free trade agreement (EUVFTA).