Enterprises upbeat on business operations for remainder of 2019

According to the GSO, 52.1% of businesses surveyed said that they believed that their operations would be better in the fourth quarter of 2019, while only 12.1% of them forecasted to be more difficult and 35.8% stated that their business and production situation would be stable.

In particular, the FDI sector continues to be most optimistic as more than 90% of FDI businesses forecast better and stable performance in the fourth quarter. This ratio in State-owned enterprises and non-State enterprises are 82.8% and 87.5%, respectively.

In terms of production volume, 52.4% of surveyed businesses forecast an increase in production volume in the fourth quarter, while 11.6% of them predicted a decrease and 36% forecast stability.

In addition, 47.9% of businesses are expected to have increased production orders in the fourth quarter; only 11.5% of them forecast to reduce orders and 40.6% predicted to have stable orders.

Regarding export orders, in the fourth quarter of 2019, 40.9% of businesses expected an increase in their export orders, while 11.6% of them forecast a decrease and 47.5% expected to have stable export orders.