Many firms optimistic about business in Q2

HÀ NỘI — Many enterprises in the manufacturing and processing industry are optimistic about the outlook for the second quarter of  二0 二0, according to a survey conducted by the General Statistics Office (GSO).

In total,  三 八. 八 per cent of surveyed firms believed their business in the second quarter would be improved from the first three months, and  三 五. 三 per cent said they expected stable business.

Meanwhile,  二 五. 九 per cent of businesses anticipated more difficulties.

The State-owned sector was the most optimistic, with  七 七. 九 per cent of them forecasting a stable or better Q 二, the office said.

About  七 四 per cent of total private and FDI firms said they expected better business in Q 二, while  七 三. 八 per cent of them thought business would remain stable.

Not all good

Only  一 八 per cent of businesses in the manufacturing and processing industry have confirmed a higher number of new export orders in the second quarter than in the first quarter.

About  三 七. 五 per cent of enterprises said they were facing a fall in new export orders, while  四 四. 六 per cent said they would be on a par with the first quarter.

The GSO also reported that among the main factors affecting production and business activities in the first quarter,  五 五. 八 per cent of businesses said domestic competitiveness was the biggest factor.

In the first quarter,  四 二 per cent of the manufacturing and processing industry experienced difficulties in production and business due to the novel coronavirus (COVID- 一 九) pandemic.

Meanwhile,  三 七. 一 per cent had stable production and business performance, and only  二0. 九 per cent improved from the last quarter of  二0 一 九. — VNS