The Business Confidence Index (BCI) for the third quarter of 2025, released by the European Chamber of Commerce in Viet Nam (EuroCham) on October 14, reaffirmed that Viet Nam remains one of Asia’s most promising investment destinations.
The index reached 66.5 points, the highest level in the past three years. European business sentiment has improved significantly, with 80% of enterprises optimistic about the next five years, 76% ready to recommend Viet Nam as an attractive investment destination, and 42% confident that the country can achieve its GDP growth target of 8.3-8.5% in 2025.
According to the National Statistics Office, the number of newly registered and reactivated enterprises surged to 231,300 in the first nine months of 2025, up 26.4% year on year.
Foreign direct investment (FDI) pledges during the same period reached 28.54 billion USD, an increase of 15.2% compared with the previous year. FDI disbursement hit a record 18.8 billion USD, up 8.5%, marking the highest figure for a nine-month period in the past five years.
These figures not only reflect the recovery of the economy but also demonstrate Viet Nam’s strong appeal within the global supply chain.
However, economists have pointed out that institutional bottlenecks remain. In some areas, reform efforts still appear formalistic, while public service attitudes and local government dynamism need improvement.
Although some progress has been made in cutting business conditions, implementation challenges persist. Administrative procedures, particularly those related to land, continue to pose difficulties, hindering investment activities, delaying project implementation, raising costs, and undermining business competitiveness.
To strengthen business confidence, it is essential to sustain the momentum of reform and further improve the quality of the business and investment environment. The government, ministries, and local authorities must continue to promptly and effectively implement policies supporting enterprise development, urgently review and amend regulations related to investment and business, and enhance dialogue with the business community.
Prime Minister Pham Minh Chinh has repeatedly affirmed the government’s commitment to accompany enterprises in the spirit of integrity, creativity, action, and service.
Institutional reform must be seen as a breakthrough, transforming barriers into competitive advantages, creating mechanisms that unleash innovation and dedication so that entrepreneurs and businesses can soar higher and further.
In turn, the business community must rise in unison with the nation, contributing to prosperity and happiness for both enterprises and the people.
Reviving and nurturing business confidence lays the foundation for renewed economic dynamism. A transparent, consistent, stable, and enabling business environment will allow enterprises to operate with assurance, expand production, and build a solid base for Viet Nam to sustain high economic growth and enhance its standing in global rankings.
