return icon Vietnamnet.vn

Many firms optimistic about business in Q2

Many enterprises in the manufacturing and processing industry are optimistic about the outlook for the second quarter of 2020, according to a survey conducted by the General Statistics Office (GSO).

Many firms optimistic about business in Q2 hinh anh 1

About 38.8 percent of manufacturing and processing firms believe that their business in the second would be better than in the first quarter (Photo: tapchicongthuong.vn)

 

 

In total, 38.8 percent of surveyed firms believe their business in the second quarter would be improved from the first three months, and 35.3 percent said they expect stable business.

Meanwhile, 25.9 percent of businesses anticipate more difficulties.

The State-owned sector is the most optimistic, with 77.9 percent of them forecasting a stable or better Q2, the office said.

About 74 percent of total private and FDI firms said they expect better business in Q2, while 73.8 percent of them thought business would remain stable.

However, only 18 percent of businesses in the manufacturing and processing industry have confirmed a higher number of new export orders in Q2 than in the first quarter.

About 37.5 percent of enterprises said they are facing a fall in new export orders, while 44.6 percent said they would be on a par with the first quarter.

The GSO also reported that among the main factors affecting production and business activities in the first quarter, 55.8 percent of businesses said domestic competitiveness is the biggest factor.

In the first quarter, 42 percent of the manufacturing and processing industry experienced difficulties in production and business due to the novel coronavirus (COVID-19) pandemic.

Meanwhile, 37.1 percent had stable production and business performance, and only 20.9 percent improved from the last quarter of 2019./. VNS

Vietnamese businesses, landlords lean on each other to survive epidemic

Vietnamese businesses, landlords lean on each other to survive epidemic

Many shopping malls and landlords have accepted to lower retail premises rent or exempt rent to help tenants overcome difficulties at this time.

Businesses want more than just an interest rate cut, seek bailout

Businesses want more than just an interest rate cut, seek bailout

Not putting high hopes on the interest rate cuts made by the State Bank of Vietnam (SBV) recently, the market is still waiting for a bailout to cover all business fields.

MORE NEWS

Former State President Nguyen Xuan Phuc explains his resignation

Former President Nguyen Xuan Phuc decided to resign and retire as he was fully aware of his responsibilities before the Party and the people when a number of officials under him committed violations during his stint as prime minister in 2016-2021.

Vietnam remains third largest seafood supplier to RoK

The nation remained the third largest seafood supplier to the Republic of Korea (RoK) last year with the country’s seafood market share as part of the RoK’s total imports reaching 10.2%, according to statistics released by the Korea Customs Service.

Airline agencies asked to tighten control over smuggling by air

The Civil Aviation Administration of Vietnam (CAAV) has asked agencies under its wing to strengthen inspection and supervision to promptly detect and handle smuggling by air.

Vietnamese FM meets Cambodian, Philippine, Malaysian counterparts

Foreign Minister Bui Thanh Son met with his Cambodian, Philippine and Malaysian counterparts on February 3 on the sidelines of the 32nd ASEAN Coordinating Council Meeting (ACC-32) in Jakarta, Indonesia.

Vietnam to help Timor Leste soon become official member of ASEAN: FM

Vietnam will work with other ASEAN member states to discuss, agree on processes, procedures and necessary measures to support Timor Leste to become an official member of the group soon, Foreign Minister Bui Thanh Son said.

Vietnamese circus artists Quoc Co, Quoc Nghiep set new world record

Circus artists Giang Quoc Co and Giang Quoc Nghiep on February 3 (Vietnam time) set a new head-to-head balancing walk plus blindfold record in Milan, Italy.

HCM City faces shortage of teachers at all levels

The Ho Chi Minh City People’s Committee has held a press conference to provide information about socioeconomic issues and epidemic prevention and control in the city.

Female People's Army officer works at EU Training Mission in Africa

Of the seven officers of the Vietnam People’s Army sent by the President to international missions, Lieutenant Colonel Vu Thi Lien is the first officer performing duties at the European Union Training Mission in Central African Republic (EUTM RCA).

VIETNAM NEWS HEADLINES FEBRUARY 4/2023

Minister requests fruitful cooperation in defence industry with other countries

Vietnamese cyber users advised to be cautious about ChatGPT registration

ChatGPT has recently been so popular in various fields. Since there are limits in ChatGPT registration from Vietnam, Internet users here are warned to be careful to proceed with the process to avoid being scammed.

2-3 more submarine fiber cable routes needed for Vietnam

The Vietnam Internet Association’s (VIA) Secretary General Vu The Binh said Vietnam needs at least two or three more submarine fiber cable routes in the next five years to serve mounting demand.

Vietnam still approves use of Covid antibody treatment

Vietnam still approves use of Covid antibody treatment Evusheld as it is still effective against subvariants circulating in the Southeast Asian country.

Former Coast Guard generals accused of embezzling $2.1 million

The crime allegedly started in 2019 when the Vietnam Coast Guard’s Department of Technology was allocated VNĐ150 billion (US$6.3 million) to purchase equipment.

Transport Ministry told to disburse VND94 trillion in 2023

The Government has tasked the Ministry of Transport with disbursing nearly VND94.2 trillion of public investment in 2023, up 1.7-fold against the 2022 figure and 2.2-fold versus 2021.
back_to_top