About 85.6 percent 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.
About 85.6 percent 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 data from the General Statistics Office.
Of the total, 46.8 percent of respondents were upbeat about their performance prospects, another 38.8 percent forecast stable business operation while 14.4 percent said that they will face difficulties.
Escalating and stable output production will be seen in 86.2 percent of the surveyed businesses; only 13.8 percent 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 percent, followed by State-owned enterprises with 50.7 percent and private enterprises with 47.2 percent.
Regarding the number of orders, 87.3 percent of the respondents anticipated higher stable orders in the next three months and 12.7 percent said that they will have fewer orders than the previous quarter.
The largest amount of orders is predicted to be in the pharmaceutical production sector, the electronic production sector and other manufacturing industries.
Additionally, 86.9 percent of the enterprises are preparing for stable export orders during the period while 13.1 percent prophesied a fall. Foreign-invested enterprises had the highest optimism for export order increases with 41.5 percent of the respondents compared to the private sector with 35.7 percent and the State-owned sector with 29.6 percent.
Pham Dinh Thuy, Head of the Industrial Statistics Department, affirmed that industrial production is making a remarkable recovery from its recession during 2008-2014.-VNA
The processing industry earned approximately 71.9 billion USD from exports in the first seven months of 2015, up 18.7 percent from last year and contributing 77.9 percent of total export revenue.
Vietnam's enterprises have a positive outlook on the business climate for the third quarter, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.
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Illustrative image (Source: VNA)
