Vietnam business confidence index drops in Q4

The figure was released in a survey by the Vietnam WVB Financial Intelligence Services (WVB FISL) which emphasized that despite the gloomy economic panorama, many businesses were optimistic about further growth in the future thanks to the Government’s policies and measures for macroeconomic stabilization.

21.19 percent of respondents said the overall economy showed signs of improving compared to a year earlier, 42.37 percent said it remained the same, and 36.44 percent said it got worse.

However, 48.31 percent of surveyed enterprises predicted that Vietnam’s economy would be better within the next 12 months and 35.59 percent believed it would remain the same, while only 16.10 percent were worried about a bleak economic future.

More than 52.54 percent expected their revenues to increase in 2013, over 35.59 percent thought their turnover would remain unchanged, and only 11.86 percent were worried about a decrease in sales revenue.

The survey also posed questions about their opinions on major problems such as inflation, impact of the global economic slowdown, bank interest rates, consumer price index (CPI), and competitive edge of imported goods over domestic goods.

Asked about the average income per capita in 2013, 35.59 percent said it would increase, 37.29 percent said it would remain the same, and 27.12 percent though it would be lower.

Many businesses expensed their concern about wild fluctuations in gold and petrol prices, sluggishness in the real estate market, rising inflation, and high interest rates that make their capital access very difficult.