Tuesday, 24 Oct 2017
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ECONOMYINDUSTRY

Processing and manufacturing industry forecast to better in Q4

Updated at Thursday, 12 Oct 2017, 11:37
The Hanoitimes - Most firms in the processing and manufacturing industry expected their business and production in Q4 to be better than the third quarter, a survey from the General Statistics Office showed.
According to the survey on business trend for enterprises in the processing and manufacturing industry, 52.6 percent of firms forecast their performance in Q4 will be better than Q3 while 36.4 percent said it will be stable. Only 11 per cent said domestic production and business will face difficulties.
A total of 54.2 percent of firms also anticipated the output in Q4 will rise against Q3 and 35.9 percent said it will be stable. The remaining meanwhile forecast it will decline.
Orders are also forecast to increase in Q4 for 48.9 percent of firms. The number of firms believes their export orders to rise in Q4 is 39.7 percent.
52.6 percent of firms anticipated their performance in Q4 will be better than Q3.
Nguyen Bich Lam, GSO's director, also said production and business of local enterprises in the last quarter was expected to be better than the third quarter, especially for foreign-invested enterprises and State-owned firms.
The GSO also said in the first nine months of this year the country had 81,451 newly-established enterprises with total capital of VND629 trillion (US$27.96 billion), an increase of 19.2 per cent in the number of enterprises and 49.5 per cent in capital. Average registered capital surged by 25.4 per cent to VND7.7 billion per enterprise.
The number of enterprises that revived production and business in the first nine months also rose by 59.6 per cent to 20,549 units.
Those good results proved that new legal systems and the Government's solutions on support and encouragement for development of enterprises had improved efficiency and helped enterprises discover new opportunities in production and business, Lam said./.
 
Anh Hong
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