Business confidence in Vietnam improves again: EuroCham
EuroCham’s Business Confidence Index (BCI) for Vietnam rose again to 46.3 in the last quarter of 2023, the second growth in a row since Q1/2022.
The index with 1,400 respondents, an indicator of the business sentiment among European companies operating in Vietnam, fell from 73 in Q1/2022 to 68.6 in Q2/2022, 62.2 in Q3/2022, 48 in Q4/2022, 48 in Q1/2023, 43.5 in Q2/2023, and 45.1 in Q3/2023.
The latest recovery, while still below the 50-point milestone for the fifth quarter in a row, showed signs of a positive shift towards economic stability and market disruptions vanishing, the EuroCham said.

EuroCham's Business Confidence Index since 2011. Photo courtesy of the chamber.
Q4/2023 saw a marked increase in satisfaction among businesses. Firms with confident sentiment in their current situation rose from 24% in Q3/2023 to 32% in Q4/2023.
The outlook for Q1/2024 is also positive, with 29% of businesses viewing their prospects as “excellent” or “good,” a sign of diminishing concerns, as extreme worries fell from 9% to 5%.
Regarding the workforce, the report shows that 40% of respondents viewed Vietnam’s workforce as moderately proficient, indicating a blend of basic and intermediate skills. In addition, 50% rated the workforce’s availability as moderate, reflecting some challenges in finding qualified candidates.
About challenges, 52% of respondents identify ‘administrative burdens and bureaucratic inefficiencies’ as one of the top three hurdles, spotlighting the impact of red tape on business operations.
Other concerns were “unclear and variably interpreted rules and regulations” with 32% of respondents, “securing necessary licenses, permits, and approvals” with 22%, “lack of qualified local expertise in specialized fields” with 20%, and “visa regulations, work permits, and labor rules for foreign employees” with 19%.
In Q4/2023, Vietnam’s investment hotspot status increased significantly. As many as 62% of those surveyed ranked Vietnam among their top 10 global investment destinations, with 17% placing it at the very top. This strong endorsement is matched by 53% of respondents anticipating increased foreign direct investment in Vietnam by the end of Q4.

Heineken factory in Ho Chi Minh City. Photo courtesy of the company.
Looking ahead, Vietnam’s business sector is poised for growth, according to the EuroCham. 31% of companies plan to expand their workforce in Q1/2024, and 34% intend to increase their investments, a clear uptick from 2023.
“There’s definitely a positive trend underway. While we still have a long way to go for a full recovery, businesses are feeling more hopeful,” EuroCham chairman Gabor Fluit commented. “The European business community is increasingly optimistic that the most challenging economic period is now behind us,” he added.
“One vital area to focus on is simplifying administrative procedures, a well-known obstacle for businesses. At the same time, it is essential to upgrade the skills of the workforce. This will help Vietnam stay competitive and maintain its growth trajectory,” the executive highlighted.
- Read More
Investors advised to take profits from stocks having risen sharply
Investors should maintain a balanced stock allocation in their portfolios and consider buying opportunities if the VN-Index retreats to the 1,300-1,320 point range, say market experts.
Finance - Sun, June 1, 2025 | 8:10 pm GMT+7
Shares of Vietnam's leading jewelry maker PNJ jump over 30% ahead of gold inspection report
Shares of Phu Nhuan Jewelry JSC (PNJ), a leading jewelry producer in Vietnam, rallied sharply ahead of the central bank’s Friday release of its gold market inspection findings.
Companies - Sun, June 1, 2025 | 1:14 pm GMT+7
Vietnamese firm takes over 40-year-old Pierre Cardin shoe chain in Thailand
Emall Vietnam, which owns a network of 100 high-end business shoe stores under the Pierre Cardin and Oscar brands in Vietnam, has taken over the entire Pierre Cardin shoe system in Thailand.
Companies - Sun, June 1, 2025 | 10:29 am GMT+7
Southern Vietnam province Ba Ria-Vung Tau okays 53 projects
Ba Ria-Vung Tau authorities on Friday granted in-principle approvals or investment registration certificates for 53 projects, including a green light for a $400 million investment capital hike of the $5.4 billion Long Son Petrochemicals Complex.
Industries - Sun, June 1, 2025 | 8:00 am GMT+7
Who to receive over 97 mln ESOP shares from Vietnam's leading developer Novaland
Novaland, a major real estate developer in Vietnam, will simultaneously implement plans to issue bonus shares and offer ESOP (employee stock ownership plan) shares, with a total issuance rate of 5%, equivalent to more than 97 million units.
Companies - Sat, May 31, 2025 | 11:09 pm GMT+7
Vietnam billionaire Pham Nhat Vuong to contribute 48 mln Vingroup shares to VinSpeed
Billionaire Pham Nhat Vuong has registered to transfer more than 48 million Vingroup (VIC) shares to the newly-established VinSpeed that registered to build the North-South high-speed railway project.
Infrastructure - Sat, May 31, 2025 | 7:14 pm GMT+7
Two investors propose $65 mln wind power project in central Vietnam
A consortium of Quang Tri Renewable Energy Investment JSC and Win Power Holding Pte Ltd, and Nam Binh Wind Power JSC have submitted an application to implement a 48-megawatt wind power plant in the central province of Quang Tri.
Energy - Sat, May 31, 2025 | 3:10 pm GMT+7
Central Vietnam city seeks investors for $209 mln LNG, LPG terminal project
The central city of Danang is calling for investment in an LNG and LPG terminal project worth over VND5.43 trillion ($208.7 million).
Infrastructure - Sat, May 31, 2025 | 10:52 am GMT+7
Thai-backed food giant C.P. Vietnam rejects pork safety accusations
C.P. Vietnam, a subsidiary of Thailand’s food giant Charoen Pokphand Foods Public Company Limited (CPF), has dismissed social media allegations of selling diseased pork, calling them fabricated and false.
Companies - Sat, May 31, 2025 | 8:54 am GMT+7
Oman Investment Authority to expand investment fund in Vietnam
Prime Minister Pham Minh Chinh has proposed Oman to enlarge the Vietnam-Oman Investment Fund (VOI) to $1 billion to better cater for the Southeast Asian country's investment needs.
Economy - Fri, May 30, 2025 | 11:26 pm GMT+7
Japanese retailer Aeon to build 2-hectare mall in Vietnam’s Mekong Delta
Retail giant Aeon will develop a 2-hectare mall in the Mekong Delta province of Tien Giang, with an estimated investment of VND1.16 trillion ($44.6 million).
Industries - Fri, May 30, 2025 | 4:44 pm GMT+7
76% of Vietnamese survey respondents say trade uncertainty encourages them to explore new opportunities: HSBC
Vietnamese businesses have experienced exponentially higher cost increases than the global average and are expecting additional short-term costs due to trade uncertainty. But many survey respondents (76%) think trade uncertainty has encouraged their business to evolve and explore new opportunities, write HSBC analysts.
Consulting - Fri, May 30, 2025 | 2:41 pm GMT+7
Vietnamese firm lands first $1 mln order on Alibaba after 8-year struggle to export
After five months of operating a virtual storefront on Alibaba’s B2B e-commerce platform, Sukavina Co., Ltd., a Binh Duong province-based manufacturer of metal tables, chairs, and beds, secured its first international order, marking a significant milestone in the company’s eight-year journey to global markets.
Companies - Fri, May 30, 2025 | 2:37 pm GMT+7
AgriS partners with IFC: Optimizing environmental and social management system, accelerating net zero 2035 goal
TTC AgriS (Thanh Thanh Cong-Bien Hoa JSC or AgriS) and International Finance Corporation (IFC) - a member of the World Bank Group - has signed an MoU to strengthen sustainable development governance in alignment with global standards.
Companies - Fri, May 30, 2025 | 2:30 pm GMT+7
Vietnam's stock market attractively priced: Finnish fund PYN Elite
Vietnam’s stock market is attractively priced, with a price-to-sales (P/S) ratio of 1.3, said Petri Deryng, portfolio manager at Finnish investment fund PYN Elite.
Finance - Fri, May 30, 2025 | 2:09 pm GMT+7
S Korea's SK Group eyes 3 LNG power projects in Vietnam: chairman
SK Group, South Korea’s second-largest chaebol, is exploring several LNG-fueled power projects in Vietnam, including three proposed to be included in the country's green growth project portfolio, said chairman Tae-Won Chey.
Energy - Fri, May 30, 2025 | 1:37 pm GMT+7