Over 49 percent of enterprises expect business to improve in Q3
Nearly half, or 49.1 percent of firms in a recent survey of the General Statistics Office (GSO) on business trend of firms operating in processing and manufacturing, expect business situation to improve in the third quarter of 2020.
Dragon fruit processing at Lavifood based in Long An province (Photo: VNA)
Hanoi (VNA) –🎶 Nearly half, or 49.1 percent of firms in a recentsurvey of the General Statistics Office (GSO) on business trend offirms operating in processing and manufacturing, expect business situation to improve in the third quarter of 2020.
Meanwhile, 19.4 percent of therespondents said the situations will be more difficult and 31.5 percent said that production will be stable. Non-Stateenterprises were the most optimistic with about 82.6 percent of them thinking thatthe production and business situations in Q3 will be better and more sustainable in comparison with the previousquarter. The rate was 79.7 percent in the State-owned sector and 75.9 percent among foreign-invested firms. Regarding factors that affectproduction of enterprises in the second quarter, 53.6 percent of businesses were of the view that high competitiveness of domestic commodities arethe biggest factor affecting the operation of enterprises. Other factors included low demandof domestic market (50.4 percent),difficulties in finance issues (33.5 percent)and low demand in the international market (28.2 percent). In term of production volume andsale in the third quarter, 48.8 percent offirms predicted that their production scale will increase while 18.1 percent and 33.1 percent saidthat their production will decrease and be stable, respectively. Only 18.3 percent of enterprises thought that their orders will be reduced while 45.1 percent and 36.6 percent believed theirorders will rise and remain stable, respectively./.
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Dragon fruit processing at Lavifood based in Long An province (Photo: VNA) 
