Local enterprises upbeat about business production in H2
Most of the local processing and manufacturing enterprises feel more upbeat about their business prospects in the second half of the year, according to a recent survey by the General Statistics Office (GSO).
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The GSO’s statistics revealed that 55.4% of local enterprises expect a surge in production, 35.3% expect things to remain stable and only 9.3% anticipate their production to dip in the six-month period ending in December.
Business looks more promising in the third quarter from the previous quarter as evaluated by 47.7% of enterprises in the processing and manufacturing sector. About 39.1% believe it would be unwavering and 13.2% think there would be difficulties.
As much as 48.5% of businesses surveyed expect more orders to come in the July-December period, while 42% said it would remain stable. Only 9.5% were pessimistic about fewer orders for the second half of the year.
About 38.2%, 12.1% and 49.7% of the businesses predicted export orders to increase, dwindle or remain steadfast in the third quarter, respectively.
Regarding employment, the survey indicated that 26.5% of firms planned to hire more workers, with 66.5% expecting their head-count to remain stable in the period.
According to the GSO, 55.6% of correspondents foresaw their inventories of finished products to be stable, 29.7% predicted reduction and 14.7% projected their goods in stock to grow.
Total revenue from retail and service sales in the first six months of this year was estimated at VND1,724 trillion (US$76.2 billion), a year-on-year increase of 9.5%.
Robust growth in revenue was seen in Binh Duong, Nam Dinh, Thanh Hoa, Khanh Hoa, Quang Nam, An Giang and Bac Giang provinces and Haiphong city, the GSO said.
