Illustrative image (Source: VNA) Hanoi (VNA) - Some 45.6 percent ofprocessing-manufacturing enterprises expect a better business outlook in thefourth quarter of this year, according to a recent survey by the GeneralStatistics Office (GSO).
Covering about 6,500 enterprises in the sector, the surveyrevealed that 35.4 percent of firms predict a stable business situation intothe future and only 19 percent see more difficulties ahead.
The FDI sector showed more optimism that most, with 82.8percent of enterprises believing in a better and more stable situation in thefourth quarter compared to the third. The ratio in the State-owned sector was81.7 percent and the non-State sector 80.2 percent.
Meanwhile, 32.2 percent of enterprises said productionin the third quarter was better than in the second, while 31.9 percent saidbusiness faced difficulties in Q3 and 35.9 percent reported stable operations.
In terms of production volumes, 36 percent said they postedincreases in the third quarter over the second quarter, while 30 percent sawlosses and 34 percent were stable. Some 45.9 percent expected rising productionvolumes over the remainder of the year, 36.6 percent predict stability, and17.5 percent foresee declines.
Regarding the number of orders, 30.9 percent of respondentssaid they received more in the third quarter than in the second quarter, 30.6percent saw fewer, and 38.5 percent reported that orders were stable.
For the fourth quarter, 35.6 percent of enterprisessaid that they hoped for more export orders while 20.4 percent believe orders wouldbe fewer and 44 percent expect a stable number of orders for export.
Though the results of the survey were optimisticoverall, the GSO pointed out that in the first nine months of 2020, the numberof businesses temporarily suspending operations stood at 38,600, up 81.8percent against the same period last year, while 27,600 businesses ceased businesswhile awaiting dissolution and nearly 12,100 completed dissolution procedures./.
VNA
