Vietnam manufacturers optimistic on 2016

More than 80 percent of the surveyed enterprises said in the first quarter of 2016 they would be stable or even better off than in 2015 (Photo: vov)

According to a recent report from the General Statistics Office under the Ministry of Planning and Investment (MPI) on business trends within the processing and manufacturing industries, more than 80 percent of the surveyed enterprises said in the first quarter of 2016 they would be stable or even better off than in 2015.

Meanwhile, only 17.7 percent of these enterprises said 2016 would be a tougher year than 2015.

About 91.6 percent of the enterprises anticipate higher production volume in 2016 as compared with 2015, while 66.7 percent expect more stable production costs this year.

The statistics office said this trend clearly showed Vietnam's business climate had improved significantly.

More than 94,750 new firms were established in 2015 in Vietnam, with a total registered capital of 601.5 trillion VND (27.3 billion USD), up 26.6 percent in number and 39.1 percent in capital, respectively, as compared with 2014.

New businesses generated nearly 1.5 million jobs for workers, a year-on-year increase of 34.9 percent.

In the same year, the number of enterprises that resumed operations was 21,500, a 39.5 percent rise compared with 2014, while the number of dissolved businesses was 9,467, down 0.4 percent against 2014.

The ministry said the Enterprises and Investment laws, which came into effect on July 1, 2015, have had positive impact on enterprises' activities./.

Source: VNA