16/10/2009
The survey, released Friday by the Vietnam World’Vest Base Financial Intelligence Services (WVB Vietnam), says the business confidence index (BCI) in the third quarter of 2009 increased by 6 points over the previous quarter.Most major economies are...
The survey, released Friday by the Vietnam World’Vest Base Financial Intelligence Services (WVB Vietnam), says the business confidence index (BCI) in the third quarter of 2009 increased by 6 points over the previous quarter.Most major economies are concerned about the return of inflation in the remaining months of the year, so the increase in the BCI is a good sign that the economy is recovering, according to the survey. The survey attracted 143 companies from 11 primary sectors and industries, half of which were small or medium-sized businesses. Seventy-one percent of the companies said that they thought the overall economic conditions have improved compared to last year and 77 percent think the conditions will get better still in 2010. Meanwhile, 57 percent of businesses expect to employ more staff and 59 percent think they will continue to invest more in fixed assets over the next 12 months. Not a single business said they are worried about their sales dropping off in the next 12 months and 69 percent said that they are confident their company’s profits will increase next year. The survey also touched on issues such as the effectiveness of the first stimulus package, the necessity for a second package, the nature of the economic recovery and the market outlook in the near future. World Vest Base (WVB), a U.S. based company established in 1985, specializes in supplying information and financial databases as requested by banks and financial organizations worldwide.