Over half of companies are confident of better performance in Q3 (Source: VNA)Hanoi (VNA) – More than half of processingand manufacturing companies expect better business performance in Q3, accordingto a survey conducted by the General Statistics Office (GSO).
The survey showed 52.1 percent of the surveyedcompanies believe that their production and business situation will improve inthe third quarter of 2017 while 12 percent anticipate more difficulties and35.9 percent think the situation will remain stable.
About 53.4 percent of the businesses forecasttheir production output will increase from Q2 while 36 percent said it willremain unchanged. Only 10.6 percent said their production may decline.
An augmentation in export orders is forecast by40.3 percent of the questioned firms, and 49.4 percent expect the same volumeof export orders as in Q3, while 10.3 percent anticipate a reduction.
The GSO said while 20.7 percent of therespondents believe their production costs will rise from Q2, 69.7 percent saidthey will stay stable and 9.6 percent said the costs will reduce.
18.2 percent of the respondents said theirproducts will be sold at higher prices in Q3 compared to the previous quarter,74.5 percent expect unchanged prices. Only 7.3 percent of the businessespredict lower prices.
Meanwhile, 20.1 percent of the surveyedenterprises plan to expand their workforce in the third quarter, 72.4 percentsaid they will maintain the current size of workforce. Only 7.5 percent saidthey will reduce the number of employees.
Head of the GSO's Departmentof National Accounts Ha Quang Tuyen highlighted improved forecast forenterprises’ business in Q3, saying that this is one of the resources foreconomic growth in the remaining time of 2017.
Another resource is the growth of the privatesector. In the first six months this year, more than 61,000 companies wereestablished with total registered capital of 596 trillion VND (26.22 billionUSD), up 12.4 percent in number and 39.4 percent in capital year on year.
Over 60 percent of the total investment remainsto be disbursed in the second half of this year, indicating a favourablecondition for realising the target of GDP growth rate of 6.7 percent in 2017,Tuyen said.-VNA
VNA
