European firms report positive business climate in Q2
EuroCham released the Business Climate Index for Q2 on July 21, which is posted at 77 indicating positive sentiment from EuroCham members on the local business environment.
A pavilion of France at an exhibition featuring Europe's green business solutions (Photo: VNA)
HCM City (VNA)༒ – The European Chamber of Commerce in Vietnam (EuroCham) released the Business Climate Index (BCI) for Q2 on July 21, which is posted at 77 indicating positive sentiment from EuroCham members on the local business environment.
Overall, the assessment on the business situation among European companies in the last quarter is good, with 66.7 percent of the respondents describing it as “excellent” or “good”, and only 12.5 percent classifying it as “not good” or “very poor”.
EuroCham Chairman Michael Behrens commented: “The results for Quarter 2, 2016, show positive expectations for the near future and consistent satisfaction with the present situation.”
“EuroCham members maintain a positive view on the Vietnamese market and their business operations in the country, a result which does not differ from our last survey. This is a good sign for the current implementation of the EU-Vietnam Free Trade Agreement, which is expected to strongly enhance European business and investment,” he added.
In regard to the macroeconomic outlook for Vietnam in the next quarter, from EuroCham members’ point of view, macroeconomic stability will likely continue, as 56.3 percent of the respondents indicated “stabilisation and improvement”. Another 9.4 percent expected deterioration, and 34.4 percent think that it will not change.
Around 49 percent of the respondents expected the number of orders or revenue to increase slightly in the next quarter. 15.6 percent of them were even more optimistic, expecting a significant increase of revenue in Q3.
Specifically, 43.8 percent of the questioned companies answered that they would increase investment, while 43.7 percent expected an increase in headcount, the survey found.
The survey was sent out to 883 members of EuroCham including some of the largest European investors in the country.-VNA
EuroCham in Vietnam has committed to intensifying its activities in 2016, in order to boost investment and trade links between Vietnamese businesses and those from the European Union member states.
A symposium on economic cooperation opportunities between the southern central province of Phu Yen and the European Union was opened in Tuy Hoa city on March 15.
Belgium should look to trade ties with Vietnam, where stable politics stimulate economic growth, said Nabil Jijakli, an expert from the Belgian-based CREDENDO insurance group.
The EU-Vietnam free trade agreement (EVFTA) will create a boost for trade and investment between the two sides, affirmed Deputy Minister of Industry and Trade Tran Quoc Khanh.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
A pavilion of France at an exhibition featuring Europe's green business solutions (Photo: VNA)
