WVB's News Content
» Business Confidence Index down 24 points in Quarter IV, 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 11th January 2013 to the last week in January2013 attracted the participation of 118 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 Fourth Quarter of 2012 (83 points) reduced 24 points in comparison with the Third Quarter of 2012 (107 points), and reduced 17 points in comparison with the first index score in the Third Quarter of 2008 (100 points).
Despite of the bleak economic situation in the Fourth 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 05 subcomponents of the WVB Business Confidence
Index in the Fourth Quarter of 2012:
• Current economic conditions: 21.19% said that the overall economic conditions have improved compared to one year ago, 42.37% believe that the current economic conditions stay the same and 36.44% said that current economy conditions have become weak.
• Economic outlook: 48.31% think the overall economic conditions have improved compared to one year ago and will be better over the next twelve months, 35.59% believe that the current economic conditions stay the same while 16.10% is worried about a dismal economy over the upcoming year.
• Expected revenue growth: 52.54% are confident their company’s sales revenues will increase over the next 12 months, 35.59% think their company’s sales will keep the same. 11.86 % of enterprises worried about the decline of their revenues in 12 months.
• Expected profit growth: 44.07% of businesses believe their profits will increase in coming years. 39.83% of enterprises say that their profits will remain and 16.10% of
enterprises are worried about the decline of their profits in 12 months.
• Expected change in employment: 29.66% of business expected to increase the total number of employees. 10.17% think they will cut the workforce in their companies but 60.17% think their company employees will remain the same over the next twelve months.
Survey Result :
|
|
WVB-PVFCI Business Confidence Index Score- QIV/2012: |
83 |
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 |
No |
Component Name |
Component Score (percent) |
1 |
Current economic conditions |
84.75% |
2 |
Economic outlook |
132.20% |
5 |
Expected revenue growth |
140.68% |
6 |
Expected profit growth |
127.97% |
3 |
Expected change in employment |
119.49% |
Respondent breakdown by Sector/Industry
Sector/Industry |
Percentage |
Transport, shipping, Automobiles & Parts |
2.54% |
Agri-forestry, Fisheries. Food & Beverages |
4.24% |
Real Estates, Construction & materials |
13.56% |
Financial services, Bank, Insurance |
10.17% |
Cosmetics, Chemicals, |
0.85% |
| Textile, footwear | 0.85% |
Electronics, Electrical Equipment |
11.86% |
Industrial equipment, Computer & Software Services, telecommunication |
25.42% |
| Oil & Gas | 0% |
Health care and education/training |
1.69% |
Trade, Tourism , Consumer services |
28.81% |
Total |
100,00 % |
Respondent breakdown by ownership
Ownership |
Percentage |
100% Foreign Owned |
2.54% |
Joint Stock |
12.71% |
Joint Venture |
1.69% |
Limited Liabilities |
30.51% |
Private Owned |
50.00% |
State-Owned |
2.54% |
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