Survey shows optimism on business climate

Michael Behrens, chairman of EuroCham, called the outlook “overtly optimistic,” adding that “87% of those surveyed as part of EuroCham’s second quarter 2016 Business Climate Index survey, are satisfied.”

In addition, a full 56% of respondents expect business conditions would improve over the next three months, while 34% expect them to remain steady, according to the results.

“That’s really good overall from what we’ve seen in the past,” said Mr Behrens.

He said, the survey also addressed investment and lending conditions in Vietnam. It showed that the majority of respondents are still making capital investments, primarily to improve production or sales, trim operational costs and invest in technology.

It also found that most of the respondents report credit availability isn’t a problem, and the prevailing number said they experienced no changes in lending terms for the quarter.

We must all continue to work hard to get businesspeople — especially small-business owners, who are the economic drivers for job growth in the country — the capital and the confidence they need to grow their businesses and create jobs, said Mr Behrens.