European firms report positive business climate in Q2
EuroCham released the Business Climate Index for Q2 on July 21, which is posted at 77 indicating positive sentiment from EuroCham members on the local business environment.
A pavilion of France at an exhibition featuring Europe's green business solutions (Photo: VNA)
HCM City (VNA) – The European Chamber of Commerce in Vietnam (EuroCham) released the Business Climate Index (BCI)ꦫ for Q2 on July 21, which is posted at 77 indicating positive sentiment from EuroCham members on the൩ local business environment.
Overall, the assessment on the business situation among European companies in the last quarter is good, with 66.7 percent of the respondents describing it as “excellent” or “good”, and only 12.5 percent classifying it as “not good” or “very poor”.
EuroCham Chairman Michael Behrens commented: “The results for Quarter 2, 2016, show positive expectations for the near future and consistent satisfaction with the present situation.”
“EuroCham members maintain a positive view on the Vietnamese market and their business operations in the country, a result which does not differ from our last survey. This is a good sign for the current implementation of the EU-Vietnam Free Trade Agreement, which is expected to strongly enhance European business and investment,” he added.
In regard to the macroeconomic outlook for Vietnam in the next quarter, from EuroCham members’ point of view, macroeconomic stability will likely continue, as 56.3 percent of the respondents indicated “stabilisation and improvement”. Another 9.4 percent expected deterioration, and 34.4 percent think that it will not change.
Around 49 percent of the respondents expected the number of orders or revenue to increase slightly in the next quarter. 15.6 percent of them were even more optimistic, expecting a significant increase of revenue in Q3.
Specifically, 43.8 percent of the questioned companies answered that they would increase investment, while 43.7 percent expected an increase in headcount, the survey found.
The survey was sent out to 883 members of EuroCham including some of the largest European investors in the country.-VNA
EuroCham in Vietnam has committed to intensifying its activities in 2016, in order to boost investment and trade links between Vietnamese businesses and those from the European Union member states.
A symposium on economic cooperation opportunities between the southern central province of Phu Yen and the European Union was opened in Tuy Hoa city on March 15.
Belgium should look to trade ties with Vietnam, where stable politics stimulate economic growth, said Nabil Jijakli, an expert from the Belgian-based CREDENDO insurance group.
The EU-Vietnam free trade agreement (EVFTA) will create a boost for trade and investment between the two sides, affirmed Deputy Minister of Industry and Trade Tran Quoc Khanh.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
A pavilion of France at an exhibition featuring Europe's green business solutions (Photo: VNA)
