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» Business Confidence Index rises to 31 points in Quarter I, 2013

Hanoi, April 25th ,2013. Today, Vietnam WVB Financial Intelligence Services (WVB FISL VIETNAM) is pleased to provide the report titled “Vietnam Business Confidence Recuperates in 2013 QI”.

The survey is carried out every quarter covering, across eleven manufacturing industries in Vietnam with the primary objective of seeking information and views on trends in output activities, inventories of finished goods, the state of order books, business outlays on plant and equipment, selling price expectation, production expectations and so forth. From the survey, all data is anonymously analyzed and an index called the Business Confidence Index (BCI) is generated. The index drew on perspectives of 200 executives in various sectors in Vietnam. The QI 2013 survey was conducted from March 15 to April 10, 2013 attracted the participation of Top manager in finance, real estate, construction, and information technology, petrochemicals, advertising, electronics. Almost 80% of the 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 2013 rose to 31 points from 83 points in QV/2012, which increase 1 points in comparison with the index score in the First Quarter of 2012.

Here are some key results for the 06 subcomponents of the Business Confidence Index in QI 2013 :

• Current economic conditions: 40% think the overall economic conditions have improved compared to one year ago; 35% believe that the current economic conditions stay the same and only 25% said that current economy conditions have become weak.

• Economic outlook: The bulk of the respondents (71%) expect the overall economic conditions will be better over the next twelve months, which increase 22.69% in comparison with QIV/2012, while 21% think the overall economic will be unchanged, they support expectations of a turnaround in economic growth and only 9% is worried about a dismal economy over the upcoming year, down from 1.16% in QIV/2012.

• Expected change in employment: With respect to expectations about employment levels in the coming year, the result indicates that expectations remained relatively unchanged. Nevertheless, respondents were less optimistic about growth in employment (47%) than they were in QIV (29.66%). 17% think there will be a cut down on the workforce in their companies but 36% said they would not hire new employees in the next twelve months.

• Planned fix investment: 43% is the number of firms reporting a plan of investment while 43% said they will keep them at the same level they are now over the next 12 months and 14% think they will reduce investment in fixed assets over next 12 months.

• Expected revenue growth: The majority of firms expected an increase in activity in the First quarter of 2013. 59% is the number of firms that expected an increase in revenue compared to the numbers that expected a decrease had sharply recuperated in this quarter. This level of optimism was however slightly higher than observed in QI of 2012/13. Only 35% said their company’s sales will keep the same (loss 0.59% in QIV/2012) and only a slight 6% of enterprises are worried about the decline of their revenues in 12 months, down from 5.58% in QI/2012.

• Expected profit growth: An overwhelming 60% of respondents said they expected their profit will rise over next year, up from 15.93% who said the same in QIV/2012. Meanwhile 34% said their profits will stay the same and 5.0% are worried about the decline of their profits in next 12 months.

In this quarter, the team survey WVB Vietnam has also investigated the opinions of the enterprises on the significant issues which their companies are facing in Vietnam such as : in the first quarter of 2013 as difficult, exist the biggest of the companies in the year 2012? Most of the COMPANIES are responding to their greatest difficulty in recent years is the supply/demand products (28%) and the indirect impact from partners (such as vendors claim rising prices make it difficult for companies in the balance of cost, assure the effectiveness of business-customer paying resulting in mass multiple inventory ...)

The survey results showed: Up to 60% of the enterprises involved interviews all responded to the Decree 08/2013 issued regulations sanctioning administrative violations with regard to acts of producing, trafficking in counterfeit goods from 100 thousand Dong to 100 million also contributed to protecting the cargo business. Interview results also showed businesses for that coffee (20%). Rice (22%) and textiles (13%) will be the staples are exporting the most in 2013. the majority of the businesses interviewed all said that banks charge ATM network but have yet to make their services better and according to business it will influence the Bank, social, and consumers as banks will lose a source of low-interest financing as well as pressure for Bank withdrawals from small retail customers. The results showed that more than half of businesses surveyed (69%) said that circular No. 38/2012/TT-BCT of the Industry on 20/12/2012 electric price regulations and guidelines for implementation, the increase in the price of electricity largely affect the production of enterprises. Also having 12% of businesses have yet to determine the increase in the price of electricity that affect them or not.

Despite gaining more than the previous quarter but the general sentiment of the Vietnam Enterprise still pessimistic about the prospects for the economy in general and the challenges that businesses will face in 2013 in particular, but the majority of businesses believe the government's commitment to curb inflation, and trust that the bank will support more business in 2013.

Survey Result :


Vietnam Business Confidence Index Score - QI/2013:


Vietnam Business Confidence Index Score - QIV/2012:


Vietnam Business Confidence Index Score - QIII/2012:


Vietnam Business Confidence Index Score - QII/2012:


Vietnam Business Confidence Index Score - QI/2012:


Component Score



Component Name

Component Score (percent)


Current economic conditions



Economic outlook



Expected change in employment



Planned fix investment



Expected revenue growth



Expected profit growth



Respondent breakdown by Sector/Industry




Transport, shipping, Automobiles & Parts


Agri-forestry, Fisheries. Food & Beverages


Real Estates, Construction & materials


Financial services, Bank, Insurance


Cosmetics, Chemicals,


Textile, footwear


Electronics, Electrical Equipment


Industrial equipment, Computer & Software Services, Telecommunication


Oil & Gas


Health care and education/training


Trade, Tourism , Consumer services




Respondent breakdown by ownership Respondent breakdown by size






100% Foreign Owned





Joint Stock





Joint Venture





Limited Liabilities





Private Owned









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
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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

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