Private sector remains upbeat about economy (07/01)
06/08/2010 - 17 Lượt xem
This year the country ranks seventh in the International Business Report (IBR) on optimism amongst privately held businesses around the world.
It scored 31 percent, a steep fall from 87 per cent last year when it was in third place.
India retained top spot this year, albeit with a lower 83 per cent, followed by Botswana and the Philippines.
While major economies such as the US, Japan and the EU countries enter into a recession, Viet Nam's growth remained strong last year despite slowing down from 2007.
Its industrial output growth remained positive despite falling from 17.1 per cent in 2007 to 14.6 per cent last year.
The report
For the IBR, Grant Thornton surveyed senior executives from over 7,000 private businesses.
The report also indicated that private sector optimism around the world slumped by 56 per cent in the last 12 months, pushing the Grant Thornton International optimism/pessimism barometer to a record negative balance of -16 per cent compared to + 40 per cent last year.
In fact, it is the first time pessimists have outweighed optimists about the outlook for their economy since research began in 2003.
Another finding is the stark differences in attitude towards the economic crisis between mature and developing economies. In the US, the figure was -34 per cent and in Japan, -85 per cent. In mainland China, it was +30 per cent.
"[Private businesses] in emerging economies realise that at their own micro level it could offer real opportunities," Kenneth Atkinson, managing partner of Grant Thornton Vietnam, explained.
Source: Viet Nam News
