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» Business Confidence Index rises 7 points in Quarter II, 2012
Hanoi, 10th July2012. Today, Vietnam WVB Financial Intelligence Services (WVB Vietnam) announced the Vietnam Business Confidence Index (BCI) for Quarter II, 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 15th June 2012 to the first week in July2012 attracted the participation of 154 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 this Second Quarter of 2012 (120 point) increases 7 points in comparison with the First Quarter of 2012 (113 point), and increases 20 points in comparison with the first index score in the Third Quarter of 2008 (100 point).
The index in the Second Quarter of 2012 increases slightly in comparison with the First Quarter of 2012 shows businesses still optimistic and it is believed that the present economy is better than 12 months ago and will be better over the next twelve months
Here are some key results for the 06 subcomponents of the WVB Business Confidence
Index in the Second Quarter of 2012:
• Current economic conditions: 44.16% said that the overall economic conditions have improved compared to one year ago, 35.71% believe that the current economic conditions stay the same and 20.13% said that current economy conditions have become weak.
• Economic outlook: 71.43% think the overall economic conditions have improved compared to one year ago and will be better over the next twelve months while only about 3.09% is worried about a dismal economy over the upcoming year.
• Expected change in employment: 35.06% of business expected to increase the total number of employees. Only 14.29% think they will cut the workforce in their companies but 50.65% think their company employees will remain the same over the next twelve months.
• Planned fix investment: 41.56% think they will keep the same investment in fixed assets over the next 12 months and 47.4% think they will continue to invest more. Only 11.04% think they will reduce investment in fixed assets over next 12 months.
• Expected revenue growth: 72.73% are confident their company’s sales revenues will increase over the next 12 months, 19.48% think their company’s sales will keep the same. Only 7.79 % of enterprises worried about the decline of their revenues in 12 months.
• Expected profit growth: 70.78% of businesses believe their profits will increase in coming years. 24.68% of enterprises say that their profits will remain and 4.55% of
enterprises are worried about the decline of their profits in 12 months.
Survey Result
Vietnam Business Confidence Index Score - QII/2012 : 120
Vietnam Business Confidence Index Score - QI/2012 : 113
Vietnam Business Confidence Index Score - QIV/2011: 116
Vietnam Business Confidence Index Score - QIII/2011: 123
Vietnam Business Confidence Index Score - QII/2011: 88
Vietnam Business Confidence Index Score - QI/2011: 109
Vietnam Business Confidence Index Score - QIV/2010: 126
Vietnam Business Confidence Index Score - QIII/2010: 137
Vietnam Business Confidence Index Score - QIII/2008: 100
Component Score
No |
Component Name |
Component Score (percent) |
1 |
Current economic conditions |
124.03% |
2 |
Economic outlook |
167.53% |
3 |
Expected change in employment |
136.36% |
4 |
Planned fix investment |
120.78% |
5 |
Expected revenue growth |
164.94% |
6 |
Expected profit growth |
166.23% |
Respondent breakdown by Sector/Industry
Sector/Industry |
Percentage |
Transport, shipping, Automobiles & Parts |
5.19% |
Agri-forestry, Fisheries. Food & Beverages |
3.90% |
Real Estates, Construction & materials |
18.18% |
Financial services, Bank, Insurance |
1.95% |
Cosmetics, Chemicals, |
2.60% |
Textile, footwear |
0% |
Electronics, Electrical Equipment |
6.49% |
Industrial equipment, Computer & Software Services, Telecommunication |
28.57% |
Oil & Gas |
0% |
Health care and education/training |
1.95% |
Trade, Tourism , Consumer services |
31.17% |
Total |
100,00 % |
Respondent breakdown by ownership
|
|
Respondent breakdown by size
|
||
Ownership |
Percentage |
|
Size |
Percentage |
100% Foreign Owned |
2.60% |
|
Large |
11.04% |
Joint Stock |
43.51% |
|
Medium |
64.04% |
Joint Venture |
0.65% |
|
Small |
29.92% |
Limited Liabilities |
46.75% |
|
Total |
100,00% |
Private Owned |
4.55% |
|
|
|
State-Owned |
1.95% |
|
|
|
Total |
100,00% |
|
|
|
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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.
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