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Business confidence index goes up in Q1
  • | vov | April 26, 2013 11:14 PM

The government’s efforts to ease business difficulties helped the business confidence index (BCI) rise 31 points to 114 in the first quarter of this year.

 

The result was announced by World Vest Base Vietnam Financial Intelligence Service Company Limited (WVB FISL) in its recent survey.

About 40 percent of the surveyed businesses say the overall economic conditions have improved, and 35 percent say that the conditions remain unchanged compared to the past 12 months.

Regarding economic outlook, 71 percent think the national economy will be better, while only nine percent are worried about a dismal economy in 2013.

Thirty-six percent of the businesses are expected to increase their payrolls, and 17 percent plan to downsize their workforce over the next twelve months.

About 59 percent of the businesses are confident that their revenue will increase this year, 35 percent think they will earn the same revenue as in 2012, and six percent are worried about a considerable decline.

Sixty percent believe their profits will rise in the coming year, and five percent are pessimistic about a possible decrease in their profits.

Nearly 60 percent of respondents express their belief in Vietnam’s economic recovery in 2013 thanks to the government’s practical measures, including lowering bank interest rates and reducing taxes, to help local businesses iron out their snags.

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