News Room - Business/Economics

Posted on 13 Jan 2010

Companies optimistic on 2010 outlook (Vietnam)

Up to 78 per cent of 146 businesses surveyed believed Viet Nam’s economy would be better this year while only 1 per cent were worried about economic prospects.

 

The results of a recent survey into businesses showed 59 per cent of businesses planned to recruit more workers, 38 per cent would maintain their staff levels, and only 3 per cent would reduce their workforce.

 

Meanwhile, 49 per cent planned to retain their investment in fixed assets, another 49 per cent planned to increase it and 2 per cent would invest less.

 

The survey was conducted by the Viet Nam WVB Financial Intelligence Services and the PetroVietnam Finance Investment and Consultancy Co between December 15 and this month.

 

The participants included small- and medium-sized enterprises operating in a wide range of sectors including industries, telecommunication, real estate, construction, finance, automobile, trade and tourism.

 

Regarding revenue, 75 per cent believed their revenue would increase, 24 per cent thought that it would remain the same, 1 per cent feared it would decrease.

 

Up to 62 respondents forecast a 6-7 per cent GDP growth this year, while 22 per cent tipped 6.7-7.2 per cent. In addition, 66 per cent predicted 7-10 per cent inflation while 23 per cent suggested 10-15 per cent.