Business Confidence Index rises six points
By Ngoc Lan - The Saigon Times Daily
HANOI – Vietnam’s Business Confidence Index (BCI) increased by six points last quarter after increasing by 31 points in Q2.
Vietnam World Vest Base Financial Intelligence Services (WVB FISL) and PetroVietnam Finance Investment and 
Consultancy Company (PVFC Invest) will jointly announce the BCI today after surveying 143 enterprises from 11 sectors in the country. This shows that most CEOs, managing directors and business managers are confident of their companies’ revenues and profits over the next 12 months, a good signal for the economy while most developed countries are concerned about inflation in the last months of this year.
Around 77% of the survey participants think the local economy will improve in the coming time while 4% have a gloomy outlook. Up to 69% of enterprises believe in turnover increase and 29% say their turnovers will be the same next year.
No enterprises in the survey expect their profits to decline within the next 12 months. Meanwhile, around 57% of them expect to increase employment and 59% plans to invest in real assets.
Some 53% of the survey participants think the economy has escaped the crisis given the recent recovery signals and around 40% think the Government’s first stimulus package brought positive effects while the rest do not appreciate the program.
Half of the survey participants were small and medium enterprises and 63% joint stock companies.