Key findings of the Austrian Business Confidence Survey 2022
- 70 % of companies expect improving business climate in Vietnam.
- As expected, businesses stabilized or expanded their activities after pandemic lockdown last year.
- Key indicators improved strongly since 2021, but in some sectors orders decreased due to global economic slow-down.
- Political stability in Vietnam has become a key factor since last year.
- Bureaucracy and red tape remain key issues on the regulatory level.
- Challenges: Logistics and supply chain, and raw material prices, as well as lack of infrastructure in Vietnam.
- Communication with regulatory decision-makers and involvement of ADVANTAGE AUSTRIA are key to enforce company interests.
- Trust in Vietnam as a location remains high, with over 60 % of companies planning to expand their local business.
For the complete survey, please refer to the "Downloads" section.
