European companies appreciate the business environment in Vietnam

In the first quarter of 2022, Vietnam’s business environment index was 4. reached its highest level since the beginning ofAnd COVID-19 wave, with 73 points, 4. 12 points aboveAnd last year’s quarter.

>>Foreign companies optimistic about the future in Vietnam
>>European companies optimistic about business environment in Vietnam
>>European companies optimistic about business environment in Vietnam

Processing clams for export to the EU, UK, Japan, USA and Republic of Korea. Photo: VNA/CVN

According to the Business Climate Index (BCI) report published by the European Chamber of Commerce (Eurochem) in Vietnam, more than two-thirds of the companies surveyed believe that the first quarter was thanks to double-digit growth in domestic exports. . The Vietnamese economy is expected to stabilize and recover in the second quarter of 2022.

With this, about 66 per cent of the companies that took part in the survey expect their turnover to increase in the second quarter of 2022.

European businesses are optimistic about the prospects for the Vietnamese economy, according to Preben Hj├Ârtlund, chairman of the Eurocham advisory board. The European business community also welcomed Vietnam’s decision to resume international flights and reopen its borders to foreign tourists last March, he said.

According to a Eurocham survey, 82% of European companies expressed their interest in green development in Vietnam. As European companies seek a safe investment destination, Vietnam faces great opportunities to attract a new wave of foreign direct investment, with Eurocham President Alain Canny insisting that it be open to foreign investors. Now is the best time to start sustainable development in Vietnam.


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