Businesses optimistic about business climate

Despite some difficulties, businesses are optimistic about the business climate in Vietnam, the Vietnam Economic News quoted a recent General Statistical Office’s survey as saying.
Despite some difficulties, businesses are optimistic about the businessclimate in Vietnam, the Vietnam Economic News quoted a recentGeneral Statistical Office’s survey as saying.

The surveyalso indicated that 71.6 percent of responded businesses said theyexpected their revenues to increase this year; another 14.7 percentpredicted their turnovers would remain unchanged and another 13.7percent said they would see a decline in their revenues, compared with54.1 percent, 9 percent and 36.9 percent for 2013, respectively.

According to the survey, 75.1 percent of businesses said their pre-taxprofits would increase in 2014, while only 5.8 percent expected toremain stable, and another 19.1 percent said they would make lowerprofits than they did for 2013, compared with 46.4 percent, 10.9 percentand 42.7 percent respectively last year.

Meanwhile, 34.1 percentof businesses expected to increase their export revenues in 2014; 60.6percent predicted their export value would hold steady; and 5.3 percentsaid their export earning would go down, compared with 26.6 percent, 61percent and 12.4 percent respectively for 2013.

In term ofcapital, 60.8 percent of surveyed businesses said they would maintaintheir current level of investment this year; 33 percent expected toincrease capital; and only 6.2 percent anticipated reducing it, comparedwith 55.3 percent, 30.8 percent, and 13.9 percent respectively for2013.

Regarding to employment issue, 51.5 percent ofresponded businesses said they would maintain their current number ofemployees this year; 38.5 percent expected to increase their labourforces; and only 10 percent anticipated cutting staff, compared with44.8 percent, 29.7 percent and 25.5 percent respectively for 2013.

TheGeneral Statistical Office also said that many Vietnamese businessesdid not have adequate information on global market demand as 55.8percent of them said they did not know or could not evaluate the currentdemand in the global market. This weakness had significantly affectedthe sustainability of Vietnamese businesses, particularly exporters, thesurvey said.

The General Statistical Office carried out asurvey of 7,675 businesses currently operating in Vietnam including 237state-owned enterprises, 6,812 non-state businesses and 626foreign-invested businesses.-VNA

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