The investigation of the Vietnam Business Forum Secretary done on 234 and foreign enterprises also shows the business environment in 2007 better last year. This Outlook is also similar to the 2008 business climate report by the World Bank and International Finance Corporation released in that favorable levels chart about the business environment in Vietnam. With optimistic expectations in the next few years, 90% of enterprises are investing in Vietnam, said there were plans to expand business in Vietnam. The favorable Economic Outlook, market opening and reform of the WTO by Vietnam and the growth of the domestic market is the main reason why expanding enterprises doing business in Vietnam. Representing the business community in Singapore, Australia-the Vietnam's largest trading partner, also expressed confidence in the progress of Vietnam's business environment over the past year. Mr. Paul Fairhead, Chairman of the Hanoi branch of the Australian Chamber of Commerce (AusCham) asserts that positive stories about strong economic growth of Vietnam, along with a stable political environment, success in reducing poverty and the commitment of international integration is very impressive. Strong and substantial growth of foreign investment in Vietnam in the last 12 months expressed widespread concerns on the potential of Vietnam.
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