TMCnet News
VIETNAM'S BUSINESSES CONFIDENT: SURVEYHANOI, Apr 14, 2009 (AsiaPulse via COMTEX) -- A local business confidence index survey has found that a majority of domestic businesses retain strong confidence in revenue increases over the next 12 months. The survey, jointly conducted by the WVB Financial Information Service company and PVFC Invest, reported that half of the 150 businesses asked believe that their revenues will rise in the next 12 months. Accordingly, 51 per cent of the businesses, which operate in 11 key areas, said they will not cut back on their workforces in the next year, while 17 per cent said they have planned layoffs. Moreover, 47 per cent of the interviewed businesses said they plan to inject more capital into their businesses, while 35 per cent said they plan to keep the current investment level. The survey also showed that 47 per cent of the businesses are in dire need of bank loans for expansion plans, and all believe in the effectiveness of the governments stimulus measures, including the loan interest rate subsidy programme. (VNA) |