CEOs expect better times within year

The majority of domestic CEOs and managers are confident of a better economic outlook over the next 12 months, according to a survey on Viet Nam business confidence by World Vest Base, a global provider of financial services.

Published late last week, the quarterly survey showed that 51 per cent of managers from 150 companies expected overall economic conditions to be better over the next 12 months.

The same percentage thought they would retain the same number of employees, while 17 per cent predicted that they would cut their company’s workforce.

"Most CEOs and business managers still anticipate revenues and profits to increase over the upcoming year," said World Vest Base in a statement issued with the survey results.

All respondents expressed confidence in key Government measures to boost consumer demand, including reduction of interest rates on consumer and corporate loans and wider dissemination of information about demand stimulus policies, the statement said.

Most enterprises expect the interest rate would be in the range of 5 to 8 per cent.

World Vest Base Viet Nam Financial Services, with the collaboration of PetroVietnam Finance Investment and Consultancy Co, surveyed business confidence among 150 enterprises.

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