Although Vietnam has been able to control the pandemic and life is returning to normal, some sectors remain at risk of falling behind in the race to recover post-pandemic, said EuroCham Chairman Alain Cany. “Tourism – one of Vietnam's spearhead economic sectors and one which is responsible for millions of jobs – remains restricted to guided tours, and this is keeping the brakes on economic growth,” he said in a statement. He encouraged the government to go further and faster in re-opening, at least in areas with high vaccination rates, so Vietnam could achieve its full potential as a leader in this and other industries and attract more foreign investment in 2022. In the fourth quarter last year, Business Climate Index (BCI), a quarterly sentiment barometer of European businesses in Vietnam, reached the highest point following the fourth Covid-19 wave last year. It rose to 61 points over 100, a jump of 42 points from the third quarter. This shows that European business leaders welcomed the end of lockdowns and re-opening of normal commercial operations, EuroCham added in the report. “It is clear evidence that confidence is returning to the market.” Fifty eight percent of European business leaders are now… Read full this story
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