The confidence of European enterprises in Vietnam’s investment and business environment slipped further to 62.2 percentage points in the wake of a worsening global economic downturn but still remains strong, according to the recent Business Climate Index (BCI) survey published by the European Chamber of Commerce (EuroCham) in Vietnam.
Zero-Covid policy, property sector downturn and external factors continue to strain China’s economy, and the International Monetary Fund says it will downgrade its global economic outlook next week.