Manufacturing firms optimistic about production in second quarter

ABO/NDO - Approximately 89.6% of surveyed enterprises in the manufacturing industry said that their business and production activities will be stronger and more stable in the second quarter of 2018.

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According to a recent survey by the General Statistics Office of Vietnam (GSO) on business trends in manufacturing enterprises, 75.4% of firms said that their business in the first quarter of the year had seen improvements compared to the fourth quarter of 2017 and the trend promises to continue for the second quarter of the year.

The quarterly survey was conducted on more than 6,500 firms operating in the manufacturing industry across 63 provinces and cities around the country with a response rate of over 90%.

The survey revealed that 91.8% of manufacturing enterprises in the FDI sector expressed their optimism for improved business operations in the second quarter of 2018 while 88.8% of enterprises in the State-owned sector, and 88.6% of enterprises in the private sector, showed their belief in a better upcoming quarter.

Regarding production output, 91% of firms predicted an increase in their output for the second quarter of this year.

Of those, 93.6% of FDI firms expected increased or stable output while 91.7% of State-owned firms and 89.9% of private firms forecasted a higher output in the second quarter of the year.

(Source: NDO)