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Up to 6Businesses persuaded by Gov’t economic policies9 percent of businesses involved in a Business Confidence Index (BCI) survey have been confident in future positive developments created by the Government’s macro-economic policies.

The survey was carried out by World Vest Base Financial Intelligence Services Company Vietnam (WVB FISL) and PetroVietnam Finance Investment and Consultancy Company (PVFC Invest), from September 15 to the first week of October.

It saw the participation of 110 Vietnamese enterprises operating in 10 major industries with more than half of them being small- and medium-sized enterprises.

According to the survey, BCI in the third quarter of this year fell 13 points over the previous quarter but still earned seven points higher than the third quarter in 2008 when BCI was first compiled.

It revealed that about 28 percent of the interviewed agreed that Vietnam’s economy is now healthier than the past 12 months while almost 35 percent shared the view that it remains the same as before and about 37 percent said it is now worse than the past 12 months.

More than 57 percent of the respondents said they believe in turnover increase while only 6.4 percent have worries about their future corporate income.

Most of the respondents said inefficient production and stagnant inventories were major reasons for banks to hesitate in approving loans for businesses.

They suggested devising a business strategy suitable with current financial situation and renovating technologies to raise products competitiveness as solutions to surmount existing setbacks.

Source: VNA

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