The survey also found that for in the third quarter, 44.9% of the firms surveyed said that they eye a rise in new orders, while 13.8% forecast a decrease. The order balance indicator in the non-State sector is 31.6%, while that in the FDI sector is 30.8% and in State-owned sector is 26.4%.

In the third quarter, 44.9% of the firms surveyed said that they eye a rise in new orders.

Meanwhile, in the third quarter, 20.2% of enterprises expected a rise in the number of their employees, while 9.3% forecast a fall.

The GSO said that although business and production have recovered after the Covid-19 pandemic with a high demand for production and construction materials, domestic steel has surged due to China’s decrease of production and export.

Meanwhile, petroleum price rise has led to an increase in the prices of other construction materials, directly impacting the cost of projects.

The GSO advised the Government to apply more drastic measures to stabilise the input material prices for the construction sector, while rolling out solutions to speed up construction projects, and creating favourable conditions for businesses to access capital from the State budget.

GSO’s quarterly production and business prospect survey covers 6,500 enterprises in the processing and manufacturing industries and 6,799 enterprises in the construction industry. In the second quarter, the survey received response from 5,635 processing-manufacturing firms and 6,315 construction companies.

"Entrepreneur Cafe" programme: Focusing on removing difficulties for businesses

(BGO) - On July 8, at Dai Hoang Son OPERA Co., Ltd (Bac Giang city), the Business Association and the Real Estate Association of Bac Giang province jointly organized the "Entrepreneur Cafe" programme in the second quarter of 2022. This year, the programme is expanded and broadcast live on YouTube and Facebook channels as well as portals of some departments and agencies.

UNDP, Japan partner to advance responsible business practices in Vietnam

The UN Development Programme (UNDP) in Vietnam and the Embassy of Japan (EOJ) jointly launched in Hanoi on July 6 the global strategic partnership between UNDP and the Government of Japan to advance responsible business practices in Japanese companies and their supply chains in Vietnam.

Loan package under Resolution 68: Businesses pay off capital on time

(BGO) – Implementing Government’s Resolution No. 68/NQ-CP (Resolution 68) on a number of policies to support employees and employers facing difficulties due to the Covid-19 pandemic, many enterprises in Bac Giang province accessing to preferential bank loan have overcome the difficulties, stablized business and production activities. Some have gained highly increased revenue then positively contributed to state budget and paid off the loan capital.

All organizations and businesses use e-invoice in Bac Giang

(BGO) – According to the Taxation Department in Bac Giang province, as of July 1, all businesses, organizations and individuals operating in the province used electronic invoice (e-invoice).

Businesses asked to use e-invoices from July 1

Except for several special cases, all enterprises, business households and individuals must use e-invoices instead of paper invoice starting from July 1, according to a circular issued by the Finance Ministry.

Source: NDO/VNA