The latest VCCI survey shows Việt Nam''s business climate has improved due to reforms, with better access to information, lower unofficial costs, and more efficient administration.
While this uptick signals gradual stabilisation, it''s vital to highlight that the BCI has remained below the midpoint since Q4 2022. Notably, over one-third of businesses anticipate underperformance, underlining a cautious outlook amid persistent market weaknesses.
European business leaders began the year positive and optimistic about Viet Nam’s trade and investment environment, according to new data from the European Chamber of Commerce in Viet Nam (EuroCham).
Measures to improve Viet Nam''s business environment continued showing effectiveness despite the COVID-19 pandemic, but the speed of improvement slowed compared to previous years.
Viet Nam’s business had improved remarkably over the past five years since the Government took action to cut conditions and raise national competitiveness, however, it had not yet reached its targets.
Viet Nam’s business environment has improved significantly, especially its competitiveness, said representatives of US businesses in the US-ASEAN Business Council (USABC).