VSIP Hai Phong urban industry area is a highlight in FDI attraction with 58 projects worth over 2 billion USD. (Photo: VNA)

Vietnam’s BCI steadily grew throughout the year as the result of Vietnam’s successful containment of the novel coronavirus and the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) which took effect in August. The two factors have improved confidence in local economy and boost business activities.
About 57 percent of surveyed EuroCham members believed the Vietnamese economy is likely to stabilise and improve in the first quarter of 2021, compared to 39 percent in the third quarter of last year.

EuroCham Chairman Nicolas Audier said the latest BCI provides a positive outlook on Vietnam’s business climate and perspectives for 2021. Confidence of the business community on the economy has been strengthened over the last year, showing the Vietnamese government’s swift response to COVID-19 and promotion of the EVFTA, he said, adding that these would lay basis for Vietnam’s economic growth over the next five years.