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INVESTMENTOPPORTUNITIES

Companies expect better performance in last quarter of 2016

Updated at Wednesday, 05 Oct 2016, 08:14
The Hanoitimes - Nearly 90 percent of the surveyed enterprises believe that their production and business situation will remain stable or improve in the last months of 2016, according to the General Statistics Office (GSO).
GSO General Director Nguyen Bich Lam stressed a positive business panorama in the first nine months of 2016, especially over 100,000 companies were established or resuming their operations in the reviewed time. Up to 95.8 percent of the 81,000 new businesses immediately went into operation, indicating a healthy economy.
The General Statistics Office said enterprises, especially foreign-invested and state-owned ones, expect better business performance in last quarter of 2016.
Illustrative image
Illustrative image
Up to 85.6 percent of the surveyed companies believe that their production and business situation will improve in the last quarter of 2016. Among them, 48.8 percent expect improvement while another 36.8 percent hope for continued stability. 
About 50.3 percent of the businesses predict their production output will increase from the third quarter while 36 percent said it will remain stable, only 13.7 percent said their production may decline. 
An augmentation in export orders is forecast by 38.6 percent of the questioned firms, and another 46.3 percent expect for the same volume of export orders as in the last quarter.
According to the GSO, while 16.2 percent of the respondents believe their products will be sold at higher prices in the last quarter of 2016 compared to the previous quarter, 75.4 percent hope unchanged prices. Only 8.4 percent of the companies predict lower prices. 
As many as 91.3 percent of the surveyed enterprises plan to expand or maintain their workforce in the last quarter of this year. Only 8.7 percent said they will reduce the number of employees. 

 
Thu Minh
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