Nearly 90 percent of manufacturing-processing firms see growth in Q3
Some 89.6 percent of enterprises in the manufacturing-processing industry expect expanded or stable production in the third quarter of 2018, over the previous quarter when only 52.6 percent hoped for growth.
Hanoi (VNA) – Some 89.6 percent of enterprises in the manufacturing-processingindustry expect expanded or stable production in the third quarter of 2018,over the previous quarter when only 52.6 percent hoped for growth.
According to a survey by the General Statistics Office (GSO), only 10.4percent of the asked firms forecast a drop in their production.
Meanwhile, 91.7 percent of enterprises with foreign direct investment(FDI) said their production is likely to increase or remain stable, while theratio among the non-State firms is 88.9 percent, and that of the State-ownedsector is 87.8 percent.
The brightest production prediction in the rest of the year was from thegarment sector where 66 percent of firms see expansion, followed by electronic,computer and optical product producers, and paper and paper product producers with65.1 percent, beverage producers at 62.7 percent and rubber and plastic productproducers at 61.9 percent.
The GSO also forecast export orders, with growth and stability predictedin 90 percent of businesses.
Compared to the second quarter of 2018, 92.7 percent of FDI enterprises predictedthat their orders will increase or stay stable in the third quarter, while theratio among State-owned firms is 90.3 percent and non-State firms 87.6 percent.
The highest amount of orders in the rest of the year belongs to cigaretteproduction at 56.3 percent, followed by transportation at 55.6 percent, garmentat 55.4 percent, electronics, computer and optical product production at 53.6percent and metal production at 50 percent.
Pham Dinh Thuy, Director of the GSO’s Industrial Statistics, saideconomic growth is still dependent on the FDI sector, as the sector hascontributed largely to the creation of jobs, export revenue and State budgetcollection.-VNA
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Illustrative Image (Source: VNA) 
