HO CHI MINH CITY, May 29 (Xinhua) -- The European Chamber of Commerce in Vietnam, or EuroCham, on Monday said Vietnam's Business Climate Index (BCI) in the first quarter of this year declined 7 points from the previous quarter.
The BCI demonstrates results of EuroCham's quarterly survey on business sentiment among European conpanies operating in Vietnam through assessments provided by representatives of its member companies.
According to the results of EuroCham's BCI for the first quarter, the index is 78, dropping 7 points from last quarter's score, and returning to levels of the second quarter of 2016.
EuroCham members that expressed confidence in a stable and continuously improving macroeconomic scenario for Vietnam have dropped by around 10 percent.
Conversely, businesses that believe the macroeconomic conjuncture can even deteriorate has risen 11 percent to 18 percent at present. The number of respondents that expect no change in the next quarter remains close to the 40-percent mark, said EuroCham.
