Profit Outlook by Country 2010: VN is #1
According to a new report on global business optimism from consulting firm Grant Thornton International, Vietnam has become the country where the greatest percentage of companies expect to see profit growth.
The report was based on surveys of 7,400 managers of medium-to-large privately held companies in a broad range of sectors – mainly cleantech, food and beverage, construction and real estate, hospitality, transport, manufacturing, retail, financial services, health care, and technology – in 36 countries to gauge which holds the greatest upside potential for 2010. Vietnam scored highest in three forward-looking growth categories: employment, revenue, and profitability.
Of 150 companies surveyed by Grant Thornton in Vietnam, 95% expect higher revenues and 92% say profits will increase in 2010. The global average was 54% and 47%, respectively. A new survey by HSBC of small-to-midsized enterprises also puts Vietnam on top for business confidence in Asia.
