Vietnam's business confidence recovers: report-Xinhua

Vietnam's business confidence recovers: report

Source: Xinhua

Editor: huaxia

2024-01-16 21:28:15

HANOI, Jan. 16 (Xinhua) -- Vietnam's business confidence has recovered with more investors optimistic about the country's current macro-economic situation, according to the Private Economic Development Research Board under the Prime Minister's Administrative Reform Advisory Council.

Compared to the board's April survey, the rate of enterprises that intend to expand their business scale strongly doubled, Vietnam News Agency reported Tuesday.

That increase was also seen in assessments of capital access prospects, market outlook and efficiency of local administration's support, showing stronger confidence in businesses, according to the report.

The current rate of firms assessing the economic situation of their industry as positive or very positive was 2.5 times higher than that in the April survey, and the rate of positive assessments about the macroeconomic outlook for the next 12 months was nearly three times higher.

According to the General Statistics Office, nearly 160,000 enterprises were established in Vietnam in 2023, posting a record high and a surge of 7.2 percent year-on-year.