European businesses optimistic about business prospects in Vietnam

The European Chamber of Commerce in Vietnam (EuroCham) has announced that the index has increased to 66.5 points, exceeding the level recorded before the imposition of reciprocal tariffs from the US and reaching a three-year high - a testament to the resilience and adaptability of European businesses in the context of a volatile global economy .

According to the report, 31% of businesses participating in the survey said they were negatively affected by new US tariff measures, nearly double the number in the second quarter.

However, the proportion of businesses recording a net positive impact also increased to 9%, reflecting flexible adaptation and the ability to take advantage of opportunities from the reshaping of global supply chains.

EuroCham is optimistic about business prospects in Vietnam.

Notably, the trend of shifting supply chains away from Vietnam is very low, with only 3% of businesses considering leaving, while another 3% plan to expand investment. Most businesses said that their operating strategies have not changed, despite regulations on "transit goods" and ongoing trade negotiations with the US.

In addition, the report also showed a strong improvement in EuroCham business sentiment, with 80% of survey respondents expressing optimism about the outlook for the next five years and 76% saying they would recommend Vietnam as an investment destination. This shows that Vietnam's attractiveness remains strong despite external factors.

In particular, FTSE Russell's upgrading of Vietnam's stock market from "frontier" to "secondary emerging" further strengthens this period's BCI results, demonstrating the growing confidence of international investors and Vietnam's increasingly high position on the global investment map.

EuroCham Chairman Bruno Jaspaert noted that maintaining confidence in an uncertain world is remarkable; especially when geopolitical tensions, technological transformation and climate challenges are reshaping trade and investment strategies globally.

The BCI report for the third quarter not only reflects the macroeconomic picture but also records the structural shifts that are quietly reshaping the business environment in Vietnam: from visa and work permit policy reforms, green investment flows, to efforts to digitize administrative procedures.

All these movements are clearly outlining the view of European investors on the future of Vietnam: an economy full of potential, but still needing to continue to remove institutional bottlenecks to maintain sustainable growth momentum and improve long-term competitiveness.

Ngoc Vy

Source: https://vtcnews.vn/doanh-nghiep-chau-au-lac-quan-ve-trien-vong-kinh-doanh-tai-viet-nam-ar971259.html