Expectations positive for Q4 business prospects
About 85.6% of the surveyed 4,028 enterprises in the processing-manufacturing sector expect to maintain their current growth trends or expand their business operations in the fourth quarter, according to the General Statistics Office (GSO).
Data from the GSO showed that 46.8% of respondents were upbeat about their performance prospects, another 38.8% forecast stable business operation while 14.4% said that they would face difficulties.
Escalating and stable output production will be seen in 86.2% of the surveyed businesses while only 13.8% forecast a decline. The foreign-invested sector has the highest amount of enterprises expecting a productivity surge in the last quarter of this year with 53.5%, followed by State-owned enterprises with 50.7% and private enterprises with 47.2%.
Regarding the number of orders, 87.3% of the respondents anticipated higher stable orders in the next three months and 12.7% said that they would have fewer orders than the previous quarter.
The largest number of orders is predicted to be in the pharmaceutical production sector, the electronic production sector and other manufacturing industries.
Additionally, 86.9% of the enterprises are preparing for stable export orders during the period while 13.1% prophesied a fall. Foreign-invested enterprises had the highest optimism for export order increases with 41.5% of the respondents compared to the private sector with 35.7% and the State-owned sector with 29.6%.
Pham Dinh Thuy, Head of the Industrial Statistics Department, affirmed that industrial production is making a remarkable recovery from its recession between 2008 and 2014.
Escalating and stable output production will be seen in 86.2% of the surveyed businesses while only 13.8% forecast a decline. The foreign-invested sector has the highest amount of enterprises expecting a productivity surge in the last quarter of this year with 53.5%, followed by State-owned enterprises with 50.7% and private enterprises with 47.2%.
Regarding the number of orders, 87.3% of the respondents anticipated higher stable orders in the next three months and 12.7% said that they would have fewer orders than the previous quarter.
The largest number of orders is predicted to be in the pharmaceutical production sector, the electronic production sector and other manufacturing industries.
Additionally, 86.9% of the enterprises are preparing for stable export orders during the period while 13.1% prophesied a fall. Foreign-invested enterprises had the highest optimism for export order increases with 41.5% of the respondents compared to the private sector with 35.7% and the State-owned sector with 29.6%.
Pham Dinh Thuy, Head of the Industrial Statistics Department, affirmed that industrial production is making a remarkable recovery from its recession between 2008 and 2014.