Production, business do better in Q3

Workers of Viglacera Thái Bình Company on a production line in northern Thái Bình Province. Viet Nam’s index of industrial production in the first nine months of this year rose 7.4 per cent year-on-year. — VNA/VNS Photo Thu Hoài

À NỘI — Production and business in the third quarter was stable and better than the second quarter, according to the General Statistic Office (GSO).

According to the GSO’s survey on business trend for enterprises in the processing and manufacturing industries, 85.6 per cent of local enterprises said it was stable, however, 14.4 per cent said domestic production and business still faced difficulties.

Nguyễn Bích Lâm, GSO’s director, on Thursday said production and business of local enterprises in the last quarter was expected to be better than the third quarter, especially for foreign-invested enterprises and state-owned firms.

The GSO also said in the first nine months of this year the country had 81,451 newly-established enterprises with total capital of VNĐ629 trillion, an increase of 19.2 per cent in the number of enterprises and 49.5 per cent in capital. Average registered capital surged by 25.4 per cent to VNĐ7.7 billion per enterprise.

The number of enterprises that revived production and business in the first nine months also rose by 59.6 per cent to 20,549 units.

Those good results proved that new legal systems and the government’s solutions on support and encouragement for development of enterprises had improved efficiency and helped enterprises discover new opportunities in production and business, Lâm said.