The GSO’s survey, conducted in Q4 of 2019, covered 6,500 companies representing the industry in the 63 provinces and centrally-run cities, with 90 percent of the interviewees responding.

Illustrative photo.

Among them, 46.9 percent expected production growth and another 37.9 percent believed their activities will remain the same in Q1 compared to Q4 last year.

For the first half of 2020, 55.3 percent and 34 percent of the firms forecast expansion and stability in their operations, respectively, compared to the last six months of 2019.

Meanwhile, FDI companies showed the most optimism with 87.9 percent of them expecting growth and stability for January-March. They are followed by State-owned enterprises (85.2 percent) and non-State businesses (83.5 percent).

The respective percentages of firms with similar projections for this year’s first half stand at 91.5 percent, 89.9 percent, and 88.4 percent.

The GSO noted 59.5 percent of the interviewees expected increase in electronics, computer and optical product manufacturing for Q1; pharmaceutical production 56.5 percent; and food production and processing 51.4 percent.

They also predicted higher numbers of new export orders, with 86.6 percent and 91.5 percent respectively believing so for the first three months and the first half of 2020, compared to the same periods last year, the survey shows.

Vietnamese enterprises seek food business opportunities in India

Vietnamese enterprises joined the third Indian International Food and Beverage Expo (Indus Food 2020) in Uttar Pradesh, India, from January 8 to 10, to seek business cooperation opportunities in confectionery, beverages, energy drinks and fruits.

PM signs directive to promote digital enterprises

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Vietnam’s top 500 largest enterprises in 2019 announced

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Provincial Permanent Vice Chairman Lai Thanh Son extends Tet greeting to some FDI enterprises

(BGO) - Permanent Vice Chairman of the provincial People’s Committee of Bac Giang province Lai Thanh Son on 6 January visited and extend Tet greetings to some foreign direct investment (FDI) companies including JA Solar Vietnam Company Limited, Luxshare-ICT Vietnam, Shin Sung Vina, Sameun Electronics Vina in Song Khe-Noi Hoang Industrial Park (Bac Giang city) and Quang Chau Industrial Park (Viet Yen district). 

Provincial Chairman Duong Van Thai extends Tet greeting to FDI enterprises

(BGO) – On January 6, Chairman of the Bac Giang provincial People’s Committee (PPC) Duong Van Thai and leaders of the Department of Foreign Affairs, Office of the PPC, Management Board of the provincial industrial parks (IP) paid a visit and extend Tet greeting to some businesses with foreign direct investment (FDI), including FuGiang Company Limited, New Wing Interconnect Company Limited, Vina Solar Technology Vietnam Company Limited, Wonjin Vina Company Limited (Van Trung IP). 

Source: VNA