Tu Hoang
A customer takes a look at mobile phones on display at a store in HCMC. More local enterprises are looking to perform better in the second quarter of this year
The survey found nearly 88% of 3,245 respondents in the manufacturing and processing sectors nationwide believe that their operations in April-June could fare as well as in Q1 or even better given stable production and more orders.
The survey revealed a jump in the number of enterprises with optimistic views compared to 57% in the first quarter.
The findings of the survey are similar to the report released on Wednesday by HSBC. The report painted a better picture of Vietnam’s manufacturing sector in the first months of this year as both output and new orders rose on lower prices, signaling an improvement of business conditions in the sector.
The enterprises upbeat about Q2, according to the GSO, are those in the sectors of pharmaceuticals (82.1%), electrical equipment (69.6%), uniforms (65.4%), electronics, computer and optical device (65.3%), tobacco (63.6%), beverages (62.8%), and food processing (60.7%).
The survey showed around 62% of State-owned enterprises (SOEs) expect better production and trading results this quarter while the proportion of foreign direct investment (FDI) companies is 59.6% and domestic private firms 52.7%.
According to the survey, only 12.3% hold a gloomy view on their business operations in the period.
As for goods orders, 88.3% of respondents hope their orders will stay stable or rise in the second quarter while only 11.7% are pessimistic about this quarter. The respective percentages in the first quarter were 68.1% and 32%.
Up to 60.8% of SOEs have higher expectations for good orders in April-June while the proportion of FDI firms is 57.3%. These enterprises are active in pharmaceutical (80%), electrical equipment (66.7%), uniform (61.7%), chemical (60.7%) and beverage (58.7%).
Despite a lower-than-expected rise of 6.9% in the country’s export revenue in Q1, more exporters (86%) are optimistic about a pickup in orders while those who project declining sales this quarter account for only 14%. The percentages in the first quarter were 75.3% and 24.6%.
Enterprises expecting better export performance operate in the sectors of tobacco (66.7%), pharmaceutical and chemical (64.7%), vehicle (56.5%) and leather and (55.7%).
According to the survey, 65% of respondents said their inventories will go up this quarter, well below the 70.1% in the first quarter.
Đăng ký: VietNam News