Posted on 11 Jul 2012
Vietnamese businesses have had a better hope for national economic recovery as the Business Confidence Index (BCI) reflected an increase of 7 points in the second quarter against the previous one.
The survey was carried among 154 leading businesses operating in core national business activities at all large, medium and small scales across Viet Nam from June 15 to July 7, said Vietnam World Vest Base (WVB) Financial Intelligence Services Limited Company.
According to the WVB Vietnam, 44% of surveyed businesses said Vietnam's overall economic panorama had shown better signs while 36% others saw Viet Nam's economic conditions had remained the same as it was. Only 20% of requested businesses said Vietnam's economic conditions had become worse than it was a year ago.
Predicting Viet Nam's economic situation in the next 12 months, 71% of businesses expressed their positive view while only 3% of surveyed businesses worried about Vietnam's economic future. 71% of businesses predicted that their economic profits would increase in the next year, 25% others saw their profits would be the same and only 4.5% of businesses said their economic profits would face loss risks next year.
As a result of it, 51% of questioned businesses would maintain their workforce, 35% of others planned to recruit more employees and 14% of businesses said they would cut down their lahour force in the time to come.
Majority of businesses defined credit loan procedures and tax policy as their biggest challenges for the time being. Besides these, the fake good issue sparkled great concern among businesses as it has damaged the quality of goods and their reputations.
Most of businesses in the survey agreed that the best solution to tackle with difficulties for them should be demand stimulation of good consumption, and services. As a result of it, banks have to cut down lending interest rates, debt restructuring and improving capital accessible for businesses. Banks should loose their lending conditions and improve their capital lending procedures.
Businesses agreed that the finance ministry's support package valuing of VND 29,000 billion on tax exemption, decrease and extension for enterprises had created good impacts on them.
Inflation, economic instabilities, difficult loan accessibility and decreasing consumption demand would be seen as influential factors for businesses' activities in the second half of this year, the survey said.
