Manufacturing firms optimistic about production in second quarter

08:36 | 12/04/2018 Industry

Approximately 89.6 percent of surveyed enterprises in the manufacturing industry said that their business and production activities will be stronger and more stable in the second quarter of 2018.

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According to a recent survey by the General Statistics Office of Vietnam (GSO) on business trends in manufacturing enterprises, 75.4 percent of firms said that their business in the first quarter of the year had seen improvements compared to the fourth quarter of 2017 and the trend promises to continue for the second quarter of the year.

The quarterly survey was conducted on more than 6,500 firms operating in the manufacturing industry across 63 provinces and cities around the country with a response rate of over 90 percent.

The survey revealed that 91.8 percent of manufacturing enterprises in the FDI sector expressed their optimism for improved business operations in the second quarter of 2018 while 88.8 percent of enterprises in the State-owned sector, and 88.6 percent of enterprises in the private sector, showed their belief in a better upcoming quarter.

Regarding production output, 91 percent of firms predicted an increase in their output for the second quarter of this year.

Of those, 93.6 percent of FDI firms expected increased or stable output while 91.7 percent of State-owned firms and 89.9 percent of private firms forecasted a higher output in the second quarter of the year.

Theo NDO