Enterprises optimistic about production and business in Q3

Specifically, the results of the survey on business trends of enterprises in the processing and manufacturing industry in the first quarter of 2023 showed that 24.3% of enterprises rated the production and business situation as better than in the fourth quarter of 2022; 37.2% of enterprises said that the production and business situation was stable, and 38.5% of enterprises rated it as having difficulties.

For the second quarter of 2023, 44.1% of enterprises expect that the trend will be better than the first quarter; 35.3% of enterprises said that the production and business situation will be stable, and only 20.6% of enterprises have forecast greater difficulties.

In the first quarter of 2023, the whole country had nearly 34,000 newly registered enterprises with total registered capital of 310.3 trillion VND and 212.3 thousand registered employees, down 2% in terms of number of enterprises, down 34.1% in registered capital, and down 12.8% in the number of employees compared to the period last year.

In addition, the whole country has more than 23,000 enterprises returning to operation (down 10% from the same period in 2022), bringing the total number of newly established enterprises and those returning to operation in the first three months of 2023 to nearly 57,000 enterprises, down 5.4% from the same period in 2022.

Furthermore, in the first three months of this year, the number of enterprises temporarily suspending business was 42,900 enterprises, up 20.1% over the same period last year; nearly 12,800 enterprises stopped operating and waited for dissolution procedures, up 13.1%; and 4,600 enterprises completed dissolution procedures, up 6.5%.