Alain Cany, Chairman of the European Chamber of Commerce (EuroCham), said its members believe that key economic issues will be solved and basic reforms will help strengthen Vietnam’s competitiveness.

A second survey conducted by EuroCham in January 2011 shows that most of European businesses operating in Vietnam have achieved good results.

2011 sees positive signs with only 8 percent of European businesses operating in Vietnam reducing their investment capital (compared to 12 percent in the first survey), and those with a higher level of investment rising from 23-32 percent. 

European businesses are very confident in doing business even when Vietnam’s inflation rate is predicted to hover around 6-8 percent in mid-year and reach 10 percent later this year.

EuroCham’s first survey was carried out in the fourth quarter of 2010.