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WVB's News Content

13-APR-09
» WVB-PVFCInvest Business Confidence Index increased 06 points in Quarter I, 2009

Hanoi, 13 April 2009:  Today, Vietnam WVB Financial Intelligence Services (WVB FISL) with PetroVietnam Finance Investment and Consultancy Company (PVFC Invest) jointly announced the WVB-PVFC Invest business confidence index (BCI) for quarter I, 2009.

The business confidence survey of the fourth quarter in 2008 was conducted in more than 02 weeks from 8 Mar to 27 Mar 2009 with the participation of 150 companies across 11 primary sectors and industries of Vietnam. They are the country’s leading enterprises regarding branding, total assets, total revenue, and number of employees across various industries in Vietnam. Half of survey participants selected also is Small and Medium Enterprises (SMEs) as representatives of Vietnamese SMEs.

With a score of 99, the index of the first quarter of 2009 represents a 6 point increase from 93 points as the index score of last quarter (quarter IV/2008). This score are very close to the 100 points as the index base in quarter III last year (2008).

Overall, most of CEOs and business managers still anticipate sales revenues and profits to increase over the upcoming year. 51% respondents still trust a better economy outlook over the next 12 months.

 Here are some key results for the 06 subcomponents of the WVB-PVFC Index QI, 2009:

  • 42% think the overall economic conditions have worsened compared to one year ago
  • 51% expect the overall economic conditions will be better over the next twelve months while only about 13% are worried about a dismal economy over the upcoming year.
  • Only 17% think they will cut the workforce in their companies but 51% think their company employees will remain the same over the next twelve months.
  • 35% think they will keep the same investment in fixed assets over the next 12 months and 47% think they will continue to invest more.
  • 50% are confident their company’s sales revenues will increase over the next 12 months while only 14% think their sales revenue will decrease.
  • 45% are anticipating improved profitability over the next 12 months but 17% predict their profitability will decrease.

 

In this quarter, topical questions are also asked to find CEOs and business manager’s opinion on the significant issues their companies are facing in Vietnam. 47% respondents say they really need to access bank loan for their business development. Up to 67% are feeling worried about the increase in electricity price that would impact their business greatly.
When asked to forecast about the inflation rate over the next 12 months, 42% think the inflation rate will be between 5% and 10% and 28% think the rate will be between 10% and 15%. Only 5% respondents think the rate will fall below 5% while 17% think of a range from 15% to 20% for the inflation rate. VND/USD exchange rate is also among interviewees’ issues and 27% think the VND will depreciate against USD and one US dollar’s value will be higher than 18,000 VNĐ by year-end. 53% respondents think the exchange rate will be from 17,500 VNĐ to 18,000 VNĐ per US dollar by the end of 2009 while only 3% think of the possibility that one US dollar value will be lower than 17,000 VNĐ. All respondents also trust the government’s key measures to boost consumer demand including reduction of interest rate on consumer and corporate loans, wide dissemination of information about consumer demand stimulus policies. Meanwhile, Interviewees also show their expected interest rate on consumer loan from banks that can help to stimulate domestic consumer demand. Most of them (41%) think the rate should be between 5% and 8% and 34% think it should be lower than 5%.

Survey Result

WVB-PVFCI Business Confidence Index Score- QI/2009:      99
WVB-PVFCI Business Confidence Index Score- QIV/2008:    93
WVB-PVFCI Business Confidence Index Score- QIII/2008:    100

 

No,

Component Name

Component Score (percent)

1

Current economic conditions

80.00

2

Economic outlook

138.67

3

 Expected change in employment

115.33

4

Planned fix investment

128.00

5

Expected revenue growth

136.00

6

Expected profit growth

127.33

 

Respondent breakdown by Sector/Industry                           Respondent breakdown by
                                                                                                ownership    


Sector/Industry

Percentage

 

Ownership

Percentage

 Transport, shipping, Automobiles & Parts

9.33%

 

100% foreign owned

4.00%

Agri-forestry, Fisheries. Food & Beverages

0.67%

 

Joint stock

53.33%

Real Estates, Construction & materials

19.33%

 

Joint venture

3.33%

Financial services, Bank, Insurance

6.67%

 

Limited liabilities

26.00%

Cosmetics, Chemicals,

3.33%

 

Private owned

6.00%

Textile, footwear

6.00%

 

State-owned

7.33%

Electronics,  Electrical Equipment

5.33%

 

Total

100.00%

Industrial equipment, Computer & Software Services, telecommunication

20.67%

 

 

 

Oil & Gas

0.67%

 

 

 

Health care and education/training

2.67%

 

 

 

Trade, Tourism , Consumer services

25.33%

 

 

 

Total

100.00%

 

 

 

.

About World Vest Base:
Established in 1985 in Chicago, USA, World'Vest Base (WVB) has becomes the world’s leading global provider of financial fundamentals serving the research and analytic needs of thousands of top companies in the financial services, media and corporate markets. The WVB global database is the financial industry’s premier source of detailed and transparent financial statement data on public companies. The database universe spans over 50,000 public companies over 130 countries from Asia, Africa, Australia, Europe, Latin America and North America. WVB Regional databases also cover hundreds of thousands of private companies in Thailand, Vietnam, Laos, Cambodia, Malaysia and Egypt. WVB also provides databases with Insider & Major Shareholders Transactions, specialized End-of-Day pricing for emerging markets and worldwide credit risk and business risk scoring.
Further information can be reached at the company’s official website: http://www.wvb.com
About PVFC Invest
PetroVietnam Finance Investment and Consultancy Company (PVFC Invest) is the subsidiary of PetroVietnam Finance Company (PVFC). Our main investment priority fields are oil and gas industry, energy, high-end tourism, real – estate, manufacturing... Besides, PVFC Invest’s professional consulting services includes: financial advisory, investment advisory, merge and acquisition. PVFC Invest is proud of 100 employees who obtain in-depth experience, full-understanding about financial market and management from working for domestic and international financial organizations or graduated from privilege universities in Viet Nam and abroad. At present, The Company has more than 500 customers spreading all over the country.
For further information, please visit website: http://www.pvfcinvest.vn

 

For media enquiries:
Mr. Dam Hoang Giang
WVB FISL

+84 (4) 3 762 4811

For media enquiries:
Mr. Dinh Chu Phuong
PVFC Invest

+84 (4) 3 972 6126