European enterprises in Vietnam look to expand investment

The information was released at a press conference held on March 8 by the European Chamber of Commerce in Vietnam (Eurocham) to announce the results of the Business Climate Index (BCI) survey for the fourth quarter of 2017 and the action plan for 2018.

According to EuroCham Vietnam’s Deputy Director Joaquim Torrinha, more than 900 of its member businesses were optimistic about the business and investment environment in Vietnam last year, with a BCI of 77 points in the fourth quarter of 2017.

Gellert Horvath, Co-Chairman of Eurocham Vietnam said that this result continues to show the expectations and positive assessments of European enterprises on the Vietnamese Government’s efforts to improve the business environment in recent times.

As many as 50% of respondents to the survey answered that they will recruit more Vietnamese workers, while 38% of enterprises will maintain their current roster of employees in 2018.

The survey also showed that over 60% of respondents have found business success in Vietnam and only 3% have had worse results than expected.

The announcement of the tenth White Book and the prospect of the EU-Vietnam Free Trade Agreement (EUVFTA) will be held on March 15.