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Business confidence in Vietnam falls in second quarter: EuroCham

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

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