Vietnam businesses optimistic about economy: survey

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Sixty-two percent of Vietnam's private business owners are optimistic about the country's economic performance in 2011, according to a survey by multinational auditing and consulting firm Grant Thornton.

The rate is significantly higher than the global average of 23 percent and the Asia Pacific (excluding Japan) average of 50 percent, according to the 2011 Grant Thornton International Business Report published January 4.

The report said Chile, with 95 percent, scored the highest optimism of any country surveyed, followed by India (93 percent), Philippines (87 percent) and Switzerland (85 percent).

In fact, Vietnam saw a slight decrease in optimism from 72 percent in 2010.
Despite declining optimism, businesses in the country continue to take a long-term view, according to the report.

Forty-one percent of Vietnamese businesses expect to increase expenditure on research and development, compared with the global average of 24 percent; 34 percent expect to increase investment in plant and machinery (global average: 35 percent) and 78 percent expect to increase employment (global average: 29 percent).

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