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16-APR-12
» Business Confidence Index at 3 points in Quarter I, 2012

Hanoi, 16th April 2012. Today, Vietnam WVB Financial Intelligence Services (WVB Vietnam)  announced the Vietnam  Business Confidence Index (BCI) for Quarter I, 2012.

This survey conducted quarterly by WVB Vietnam. The survey participants are the country’s leading enterprises regarding branding, total assets, total revenue, and number of employees across various industries in Vietnam. This survey extended from 12th March 2012 to the first week in April 2012 attracted the participation of 162 companies across 11 primary sectors and industries of Vietnam. Half of survey participants selected also is Small and Medium Enterprises (SMEs) as representatives of Vietnamese SMEs.

According to this survey results, the business confidence index (BCI) in the First Quarter of 2012 represents a 3 points reduced over the Fourth Quarter of 2011(116 point), which also demonstrates a 13 point rise compared to the first index score in the Third Quarter of 2008 (100 point).

Although the index in this First Quarter of 2012 reduced only 3 points in comparison with the last quarter (Fourth Quarter of 2012) but the survey shows businesses still optimistic and believe that the present economy was better than 12 months ago and the overall economic conditions will be better over the next twelve months
Here are some key results for the 06 subcomponents of the WVB Business Confidence Index in Frist Quarter of 2012:

  • Current economic conditions: 43.21% said that the overall economic conditions have improved compared to one year ago, 31% believe that the current economic conditions stay the same and 17.28% said that current economy conditions have become weak.
  • Economic outlook: 63.53% think the overall economic conditions have improved compared to one year ago. 28.40% expect the overall economic conditions will be better over the next twelve months while only about 8.02% is worried about a dismal economy over the upcoming year.
  • Expected change in employment: Up to 40.47% of business expected to increase the total number of employees. Only 14.18% think they will cut the workforce in their companies but 44.44% think their company employees will remain the same over the next twelve months.
  • Planned fix investment: 44.44% think they will keep the same investment in fixed assets over the next 12 months and 35.19% think they will continue to invest more. Only 20.37% think they will reduce investment in fixed assets over next 12 months.
  • Expected revenue growth: 54.32% are confident their company’s sales revenues will increase over the next 12 months, 38.89% think their company’s sales will keep the same. Only 6.79 % of enterpries worried about the decline of their revenues in 12 months.
  • Expected profit growth: 60.49% of businesses believe their profits will increase in coming years. 27.78% of enterprises say that their profits will remain and 11.73% of enterprises are worried about the decline of their profits in 12 months.

 

Survey Result :
WVB-PVFCI Business Confidence Index Score- QI/2012:     113
WVB-PVFCI Business Confidence Index Score- QIV/2011:  116
WVB-PVFCI Business Confidence Index Score- QIII/2011:  123
WVB-PVFCI Business Confidence Index Score- QII/2011:    88
WVB-PVFCI Business Confidence Index Score- QI/2011:     109
WVB-PVFCI Business Confidence Index Score- QIII/2008:  100

No

Component Name

Component Score (percent)

1

Current economic conditions

125.93%

2

Economic outlook

155.56%

3

 Expected change in employment

125.93%

4

Planned fix investment

124.07%

5

Expected revenue growth

147.53%

6

Expected profit growth

184.77%

Respondent breakdown by Sector/Industry         

Sector/Industry

Percentage

 

Sector/Industry

Percentage

Transport, shipping, Automobiles & Parts

4.94%

 

Oil & Gas

1.23%

Agri-forestry, Fisheries. Food & Beverages

8.64%

 

Health care and education/training

1.85%

Real Estates, Construction & materials

10.49%

 

Trade, Tourism , Consumer services

30.86%

Financial services, Bank, Insurance

8.02%

 

Total

100,00 %

Cosmetics, Chemicals,

1.85%

 

 

 

Textile, footwear

0.62%

 

 

 

Electronics,  Electrical Equipment

8.64%

 

 

 

Industrial equipment, Computer & Software Services, telecommunication

22.84%

 

 

 

Respondent breakdown by ownership     

Ownership

Percentage

100% Foreign Owned

8.02%

Joint Stock

12.35%

Joint Venture

1.23%

Limited Liabilities

33.95%

Private Owned

43.21%

State-Owned

1.23%

Total

100,00%

---End of Text---
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

For media enquiries:
Ms. Dao Phuong Thao
WVB FISL
Email: thaodp@wvb.com
Tel: +84 (4) 3762 4811


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