New orders increased for the second consecutive month, and at a much faster pace than in September. The rate of expansion was the quickest since July 2024, reflecting improved customer demand.
The first quarter of this year saw the registration of 36,400 new businesses, on par with 2024 but up around 1.2 times compared to same time in the 2017–2023 period. Notably, the amount of newly-registered capital also rose by about 1.5% year-on-year.
European investments are expected to pick up in Vietnam following Prime Minister Pham Minh Chinh’s engagement with Czech and Polish enterprises as part of his trip to Europe to attend the 55th Annual Meeting of the World Economic Forum.
Vietnam's manufacturing industry remained in contraction territory in July but showed some signs of stabilisation as softer declines were seen in output, new orders and employment while business confidence picked up, according to S&P Global.
Singapore’s business outlook for the second quarter of 2023 has darkened again, weighed down by negative sentiment in the manufacturing and wholesale trade sectors, according to the latest Business Optimism Index (BOI) released by the Singapore Commercial Credit Bureau (SCCB).
The Vietnam Manufacturing Purchasing Managers' Index (PMI) ticked up to 45.1 in July from 44.1 in June, signalling a marked deterioration in business conditions across the sector for the second month in a row.
Manufacturing sector returned to growth in September as concerns around the outbreak of the COVID-19 pandemic in the country eased. Both output and new orders increased, while business confidence strengthened, and the rate of job cuts softened.
The Vietnamese manufacturing sector returned to growth in June as success in suppressing the coronavirus pandemic and greater business confidence helped lead to renewed expansions in output and new orders.
Though Vietnam’s economy will suffer in the short term from the novel coronavirus epidemic, the country’s drive to integrate into the global economy will continue to create plenty of new opportunities for trade and investment in the long run, experts have said.
Business confidence has increased among foreign direct investment (FDI) companies in Vietnam, according to a survey conducted by the Vietnam Chamber of Commerce and Industry (VCCI).
Business confidence is expected to improve in 2017, following the Government’s hastened reform efforts aiming to create momentum for firms and boost start-up entrepreneurship.
Significant increases in the number of new businesses and investments this year indicate improvements in confidence, driven by the Government’s efforts to improve the business climate.
