Workers make garment at a factory in Vietnam (Illustrative photo: VNA) HCM City (VNA) – Leaders of European businesses in Vietnam were more positive about their firms’ performance in the third quarter of 2020, according to the Q3 Business Climate Index (BCI) released by the European Chamber of Commerce (EuroCham). The index, conducted by YouGov Vietnam, rebounded in Q3, jumping 24 points to reach 57.5 – the highest score since the outbreak of the global COVID-19 pandemic. In Q1, when COVID-19 first hit international trade and investment, the BCI fell to 26 points. It saw a slight increase in Q2 as Vietnam became one of the global success stories of the pandemic. Now, with businesses able to operate with far fewer restrictions and the EU-Vietnam Free Trade Agreement (EVFTA) entering into force on August 1, the confidence of European business leaders has seen a strong resurgence, according to EuroCham. Business leaders were more positive about their own enterprise in Q3, with 40 percent describing their performance as either “Excellent” or “Good” – more than double the 18 percent recorded in the previous three-month period. EuroCham said Q4 looks to be even more promising, with 44 percent predicting a strong end… Read full this story
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