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» Business Confidence Index at 13 points in Quarter III, 2012
Hanoi, 8th October2012. Today, Vietnam WVB Financial Intelligence Services (WVB Vietnam) announced the Vietnam Business Confidence Index (BCI) for Quarter III, 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 September 2012 to the first week in October2012 attracted the participation of 110 companies across 10 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 Third Quarter of 2012 (107 points) represents 13 points reduced over the Second Quarter of 2012 (120 points), and increases 7 points in comparison with the first index score in the Third Quarter of 2008 (100 points).
Despite of the flat economic situation in the Third quarter, businesses still believe that the macroeconomic policy of the Government will help the Vietnamese economic better in next time.
Here are some key results for the 06 subcomponents of the WVB Business Confidence
Index in the Three Quarter of 2012:
• Current economic conditions: 28.18% said that the overall economic conditions have improved compared to one year ago, 34.55% believe that the current economic conditions stay the same and 37.27% said that current economy conditions have become weak.
• Economic outlook: 69.09% think the overall economic conditions have improved compared to one year ago and will be better over the next twelve months while only about 6.36% is worried about a dismal economy over the upcoming year.
• Expected change in employment: 42.73% of business expected to increase the total number of employees. Only 10.00% think they will cut the workforce in their companies but 47.27% think their company employees will remain the same over the next twelve months.
• Planned fix investment: 56.36% think they will keep the same investment in fixed assets over the next 12 months and 29.09% think they will continue to invest more. Only 14.55% think they will reduce investment in fixed assets over next 12 months.
• Expected revenue growth: 57.27% are confident their company’s sales revenues will increase over the next 12 months, 36.36% think their company’s sales will keep the same. Only 6.36 % of enterprises worried about the decline of their revenues in 12 months.
• Expected profit growth: 53.64% of businesses believe their profits will increase in coming years. 23.64% of enterprises say that their profits will remain and 22.73% of
enterprises are worried about the decline of their profits in 12 months.
Survey Result :
|
|
WVB-PVFCI Business Confidence Index Score- QIII/2012: |
107 |
WVB-PVFCI Business Confidence Index Score-QII/2012: |
120 |
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 |
Component Score
No |
Component Name |
Component Score (percent) |
1 |
Current economic conditions |
90.91% |
2 |
Economic outlook |
162.73% |
3 |
Expected change in employment |
132.73% |
4 |
Planned fix investment |
114.55% |
5 |
Expected revenue growth |
150.91% |
6 |
Expected profit growth |
130.91% |
Respondent breakdown by Sector/Industry
| Sector/Industry | Percentage |
Transport, shipping, Automobiles & Parts |
8.18% |
Agri-forestry, Fisheries. Food & Beverages |
0.91% |
Real Estates, Construction & materials |
9.09% |
Financial services, Bank, Insurance |
7.27% |
Cosmetics, Chemicals, |
1.82% |
Textile, footwear |
0.91% |
Electronics, Electrical Equipment |
9.09% |
Industrial equipment, Computer & Software Services, Telecommunication |
28.18% |
Oil & Gas |
0% |
Health care and education/training |
2.73% |
Trade, Tourism , Consumer services |
31.82% |
Total |
100,00 % |
Respondent breakdown by ownership
|
|
Respondent breakdown by size
|
||
Ownership |
Percentage |
|
Size |
Percentage |
100% Foreign Owned |
2.73% |
|
Large |
14.55% |
Joint Stock |
44.55% |
|
Medium |
50.90% |
Joint Venture |
1.82% |
|
Small |
34.55% |
Limited Liabilities |
40.00% |
|
Total |
100,00% |
Private Owned |
6.35% |
|
|
|
State-Owned |
4.55% |
|
|
|
Total |
100,00% |
|
|
|
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