European investor confidence in Vietnam market remains high
The European Chamber of Commerce in Vietnam (EuroCham) on October 15 announced that its Business Confidence Index (BCI) among European investors reached 78.3 points in the third quarter, a high level amid global economic uncertainty.
The European Chamber of Commerce in Vietnam (EuroCham) revealed on October 15 that European investors' confidence in the Vietnamese market has remained robust at 78.3 points in the third quarter, despite ongoing global economic uncertainty. EuroCham's Business Confidence Index (BCI) survey found that investors continue to view Vietnam as a promising market, despite identifying eight challenges on average in their operations.
The most significant hurdles were administrative procedures and regulations, affecting 93 percent of businesses surveyed, along with taxation and financial management issues at similar levels.
EuroCham Chairman Bruno Jaspaert acknowledged Vietnam's impressive growth momentum, stating that businesses have been coping with rising input costs. However, food and beverage (F&B) service providers are experiencing declining consumer demand. Jaspaert emphasized the necessity to improve predictability, bolster resilience, and hasten reforms to create a conducive environment for businesses to focus on value creation.
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