(VOV) - Business confidence returned to Vietnam in the second quarter of 2012 and many enterprises were optimistic about higher revenue in the next 12 months, according to the latest Grant Thornton International Business Report (IBR).
Business confidence plunges
Business optimism follows a downward global trend
The IBR is conducted quarterly through questionnaires on 3,000 entrepreneurs from many countries and territories around the world.
The report shows business optimism in the Southeast Asia region decreased from 27 percent in the first quarter to 23 percent in the second one. However, it says, Vietnam’s business optimism saw a slight increase to 8 percent from 6 percent in January-March period. The figure was 34 percent in the last three months of 2011.
According to the IBR, about 86 percent of Vietnamese businesses are optimistic about a rise in revenue in the following months, while 78 percent of them believe that they can earn a higher profit.
The Grant Thornton says despite global economic fluctuations, Southeast Asian businesses are not hesitant to increase investment for future growth. Approximately 24 percent regional businesses plan to invest in the construction of new buildings in the next four quarters, and 39 percent will pour money in building factories and buying machines.
However, it says, Vietnam is now facing a negative impact caused by the global economic downturn, resulting in lower goods orders that poses a real challenge to further growth.