European Union enterprises were positive about the business environment in Viet Nam as a large number of them planned to increase investment in the country, according to a Business Climate Index (BCI) survey for Q2 of the European Chamber of Commerce in Viet Nam (EuroCham).
 |
|
Illustration photo |
Accordingly, the majority of European enterprises acknowledged that the country’s macroeconomic stability will likely continue, with 56.3% of respondents forecasting “stabilization and improvement” and just 9.4% of respondents expecting declining macro-economy.
EuroChamreported that around 49% of the respondents expect the number of orders or revenue to increase slightly in the next quarter. Up to 15.6% of them were even more optimistic.
The trend is considered as a good sign for the implementation of theEU-VietNam free trade agreement (EUVFTA), that is expected to boost business and investment activities by foreign enterprises in Viet Nam.
The Ministry of Industry and Trade (MoTT) reported that as of early July, the two-way trade touched US$ 21.2 billion, up 9.05% percent compared tothe same period last year. Of this figure, Viet Nam exported US$16.2 billion worth of goods to the EU, a year on year increase of 8.68% while importing over US$ 4.97 billion worth of goods, up 10.28% against the same period in 2015./.