Enterprises optimistic about production and business in 2022
As many as 45.4% of businesses in a recent survey conducted by the General Statistics Office (GSO) forecast that their production would increase in the first quarter of 2022 as compared to the fourth quarter of 2021.
Meanwhile, 37.2% of the surveyed enterprises expected stability in their production and 17.4% of them predicted a reduction.
Up to 41.4% and 41.8% of the respondents expected an increase and stability in their orders in the first quarter of 2022, respectively, compared to the fourth quarter of 2021. Just 16.8% of the surveyed businesses forecast a drop in their orders.
New export orders of 37.2% of the surveyed firms were predicted to rise in the first quarter of this year from the last three months of 2021. The new export orders were predicted to drop in 16.7% of the enterprises and remain stable in 46.1% of them.
Foreign-invested firms were the most optimistic about production and business with 83.1% expecting better performance or stability in the first quarter of 2022. The rates among State and non-State enterprises were 82% and 81.2%, respectively.