According to a Business Climate Index (BCI) survey for the fourth quarter of 2016 implemented by the European Chamber of Commerce in Vietnam (EuroCham), about 76% of European firms operating in Vietnam said they are optimistic about business prospects in 2017.
EuroCham Communications and Marketing Manager Joaquim Torrinha speaks at the meeting.
Speaking at the press conference in Hanoi on February 21, EuroCham Communications and Marketing Manager Joaquim Torrinha said that almost all European enterprises answering in the EuroCham survey were satisfied with improvements to the investment environment in Vietnam.
The EuroCham official added that the prospect of the implementation of the European Union–Vietnam Free Trade Agreement (EVFTA) will promote the business and investment activities of EU enterprises in Vietnam.
Torrinha also talked about the key activities of EuroCham in 2017, including the implementation of the EVFTA, the promotion of Vietnam to EU enterprises, issues related to administrative procedures and intellectual property rights, etc.
According to the survey, nearly 56% of respondents said that they will continue to employ Vietnamese labourers in 2017 and expand their operations and recruit more workers.
Besides, EU enterprises consider Vietnam the gateway through which to approach the larger market, namely ASEAN, through the establishment of the ASEAN Economic Community (AEC).
The survey also pointed out that 73% of respondents have good business result in Vietnam and only 5.5% have worse results than expected.
Currently, EuroCham is implementing two projects in support of small and medium-sized EU enterprises investing in Vietnam, according to Joaquim Torrinha.