Vietnam 's Business Confidence Index (CBI) fell from 123 to 116points between the third quarter of 2011 and January 2012 due to globaleconomic turmoil.
About 160 local enterprises in 11 keysectors were surveyed by WVB Vietnam Financial Intelligence ServiceCompany Limited (WVB FISL) between mid-December 2011 and mid-January2012. The surveyed enterprises are leading small – and medium-sizedenterprises in terms of prestige, turnovers, assets and employees.
On Vietnam 's economic outlook for 2012, 33 percent of the surveyedenterprises believed that the country's economic situation will remainalmost identical to that of the previous year, while 7.6 percent of therespondents said the situation will worsen.
Especially,95.6 percent of respondents believed that the inflation rate will remainin the two-digit range. As a result, nearly 30 percent said they willnot hire new workers and 7 percent said they will cut down theirworkforce this year.
Regarding revenue growth, nearly 44percent of respondents said there will be no revenue growth this yearwhile 12 percent of companies interviewed worried that their revenuewill be decreased.
A majority of 65.2 percent wasoptimistic about increased profits while 28.5 percent of enterprisesbelieved their profits will be the same as in 2011. Only 6.3 percentworried their profits will fall this year.
Finally, 74.5percent of the surveyed enterprises said getting access to loans forproduction will be a challenge, and 26.7 percent said they will approachbank credits, while 28.2 percent will seek business partners toestablish joint-ventures./.
About 160 local enterprises in 11 keysectors were surveyed by WVB Vietnam Financial Intelligence ServiceCompany Limited (WVB FISL) between mid-December 2011 and mid-January2012. The surveyed enterprises are leading small – and medium-sizedenterprises in terms of prestige, turnovers, assets and employees.
On Vietnam 's economic outlook for 2012, 33 percent of the surveyedenterprises believed that the country's economic situation will remainalmost identical to that of the previous year, while 7.6 percent of therespondents said the situation will worsen.
Especially,95.6 percent of respondents believed that the inflation rate will remainin the two-digit range. As a result, nearly 30 percent said they willnot hire new workers and 7 percent said they will cut down theirworkforce this year.
Regarding revenue growth, nearly 44percent of respondents said there will be no revenue growth this yearwhile 12 percent of companies interviewed worried that their revenuewill be decreased.
A majority of 65.2 percent wasoptimistic about increased profits while 28.5 percent of enterprisesbelieved their profits will be the same as in 2011. Only 6.3 percentworried their profits will fall this year.
Finally, 74.5percent of the surveyed enterprises said getting access to loans forproduction will be a challenge, and 26.7 percent said they will approachbank credits, while 28.2 percent will seek business partners toestablish joint-ventures./.
