Chairman of EuroCham Vietnam Dominik Meichle held that Vietnam's economic potential is undeniable, and the European business community remains confident in its long-term growth.
While the survey points to areas for improvement, EuroCham said that working together to address administrative and regulatory hurdles can create a more efficient and attractive business environment that benefits both the European and Vietnamese business communities.
Surveyed businesses pointed to five areas that Vietnam should focus on to boost FDI, including streamlining administrative and procedural processes and enhancing clarity and precision in laws to reduce arbitrary interpretation. They also pointed to the need for Vietnam to develop core infrastructure and simplify visa and work permit procedures for foreign experts.
Conducted by Decision Lab, the quarterly BCI serves as a vital tool for understanding the perceptions of European and Europe-related companies and investors, in the Vietnamese market. Conducted since 2011, the BCI collects feedback from EuroCham Vietnam’s extensive network of 1,400 members across a wide range of sectors. This survey provides valuable insights into the current business landscape in Vietnam and offers a glimpse into future expectations.
