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Business confidence index in Q4 down 7 points
The Q4 Business Confidence Index (BCI) released by the Vietnam WVB Financial Intelligence Services (WVB FISL) and PetroVietnam Finance Investment and Consultancy Co (PVFC Invest) sees a 7-point slide from the Q3 original index.
The survey on business confidence was conducted jointly by the two companies over two weeks, from November 13 to November 27. The survey involved the participation of 256 businesses in 11 main production and business fields in Vietnam.
They are among the leading enterprises in terms of brand name, total assets, total turnover and numbers of staffs as well.
The survey found out that 67% of the polled businesses believe the inflation rate next year will be 15-20%, while 41% of businesses believe that the demand for their products and services will increase in the next 12 months. Meanwhile, 28% of businesses expressed pessimism about the market’s performance next year.
With 93 points, the Q4’s BCI sees the decrease of 7 points from the 100 points of the original index.
66% of polled businesses said that Vietnam’s economy has become worse in comparison with 12 months ago.
However, 50% of businesses believe that the condition of the national economy will improve next year.
54% of businesses say they will keep the same number of staffs for the next 12 months, while only 14% of businesses say they plan to cut their workforces.
50% of businesses plan to keep the same amount of investment in fixed assets (land, workshop premises, equipment and machines), while 36% have plans to make more investments in fixed assets in the next 12 months.
50% of businesses believe that their turnover will rise in the next 12 months, but 32% of businesses think their turnover will remain the same.
47% of businesses expect their profit to increase in the next 12 months, while 25% of businesses are expecting decreases in profit.
Ha noi moi
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