The European Chamber of Commerce in Vietnam’s latest Business Confidence Index survey, has recorded a fall in business confidence of 1.5 points. The results reflect the responses of 212 survey respondents out of EuroCham’s 1,400 members.
Key takeaways
- 45 percent of respondents believe the economy will stabilise and improve next quarter;
- 13 percent of respondents believed the economy is likely to deteriorate in the next quarter;
- Optimistic respondents cited improved consumer spending, increased demand for services, improved import and export activities, and improved industry trends; whereas
- More pessimistic respondents cited weak domestic demand, weak export demand, and global economic factors.
See also: Vietnam’s Economy in the First Half of 2024: Unpacked