Automobike frame manufacturing in THACO factory in Chu Lai industrial park, Nui Thanh district, Quang Nam (Photo: VNA)Hanoi (VNA) – Up to 48.2 percent of the processing and manufacturingenterprises joining in a survey of the General Statistics Office (GSO) said businessactivities in the first quarter of 2018 will be better.
The survey on business trend of the processing and manufacturingenterprises for the first quarter of this year showed that 35.7 percent of thesurveyed enterprises thought their business will be stable in comparison with thefourth quarter of 2017.
Meanwhile, 16.1 percent of the firms predicted they will be hit by moredifficulties.
Up to 49.2 percent of the firms forecast an increase in theirproduction, while 14.9 percent predicted a reduction and 35.9 percent foresaw stabilityin their performance as they made a comparison with their operations in thefourth quarter of 2017.
Meanwhile, 35.8 percent of the firms will see an upturn in the number oforders for export, while 14.9 percent are likely to suffer a downturn. Up to 50.2percent of businesses said they may see no changes in their orders from thefourth quarter of 2017, according to the survey.
The GSO reported that the number of new enterprises set up in 2017 was126,859 with a total capital of over 1.29 quadrillion VND (56.8 billion USD), ayear on year rise of 15 percent and 45 percent respectively.
Together with nearly 1.87 quadrillion VND (82.46 billion USD) ofadditional capital of 35,000 operating enterprises, total capital pumped to theeconomy in 2017 was 3.16 quadrillion VND (139.3 billion USD).
At the same time, 26,448 enterprises resumed their operation, down 0.9percent year on year, raising total operating firms to 153,300.
The retail and wholesale sector drew the largest number of newbusinesses with 45,400 firms, followed by the processing and manufacturingsector with 16,000 enterprises and construction with 16,000 firms. Science,technology, consultation services, design, advertisement and other sectors alsosaw 9,400 new enterprises.
Increase in the number of newly-established businesses was recorded inall regions, leading by the southeast region with 53,700 firms, up 14 percent.
However, in 2017, 60,553 businesses halted their operation, a fall of0.2 percent year on year. 12,113 others were dissolved during the year.-VNA
VNA
