European businesses put their faith in the long-term potential of the Vietnamese economy

The report shows that, despite increasingly complex fluctuations in the international market, the confidence of European businesses in Vietnam remains firmly maintained. In the context of escalating global trade tensions and supply chains facing many risks and pressures, the European business community still clearly recognizes Vietnam's resilience.

Responses to this quarter’s BCI survey indicate a strong interest among businesses in developments related to tariff policy. Many businesses stressed that, in the current context, this is an element that needs to be closely monitored and carefully analyzed in order to respond promptly to changes in international policy.

Notably, the report found that while business leaders are increasingly cautious about the wave of global trade uncertainty, the majority have yet to report significant financial impacts in practice. Accordingly, 70% of businesses participating in the survey recorded no specific financial impact, while 5% even reported positive net profits at the time of the survey.

The report also shows that efforts to facilitate trade are gradually strengthening the foundation of investor confidence. Long-term confidence is improving, with 78% of respondents expecting business conditions to improve over the next five years, up 7 percentage points from Q1. This increase reflects continued confidence in Vietnam’s structural growth prospects, even as the short-term outlook remains uncertain.

Mr. Thue Quist Thomasen – CEO of Decision Lab, analyzed: “The proportion of businesses confident in economic stability in Q3/2025 has decreased slightly to 50%, down 8 percentage points compared to the previous quarter. However, this adjustment does not mean an increase in pessimism. Instead, it reflects businesses' cautious expectations in a complex and unpredictable international context. The majority of businesses do not expect the situation to worsen - only 11% forecast a gloomy outlook, a slight increase of 1 percentage point - suggesting this is a 'pause to observe' period.”

The “wait and see” mentality is also evident in the survey data, with 39% of businesses maintaining a neutral view in the short term, while 43% rated the business outlook as “good” or “excellent”.

Despite uncertainties in the business environment, EuroCham believes that resilience continues to be a bright spot. Steady economic growth, a young and dynamic workforce, and an expanding network of free trade agreements continue to reinforce confidence in Vietnam’s long-term attractiveness.

“European businesses in Vietnam remain confident in the investment environment here,” said EuroCham Chairman Bruno Jaspaert. Specifically, nearly three-quarters of business leaders (about 72%) said they were willing to recommend Vietnam as an investment destination, a consistent trend over recent BCI sessions. “This trend demonstrates a deep belief in the long-term potential of the Vietnamese economy,” said Bruno Jaspaert.

Nhat Thu

Source: https://baophapluat.vn/doanh-nghiep-chau-au-dat-niem-tin-vao-tiem-nang-dai-han-cua-nen-kinh-te-viet-nam-post553597.html