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Only 6.3% of interviewed enterprises want to scale down their production
As many as 52.4% of interviewed enterprises say that they want to maintain their current production scale while 41.3% say they have plans to expand their production and trading activities while only 6.3% want to scale down.
These are according to a recent survey on businesses’ operation in Vietnam in the first six months of the year conducted by the Vietnam Chamber of Commerce and Industry (VCCI).
The survey was conducted among 282 enterprises nationwide, 58.9% of them belonging to the private sector; 31.9% to the State-owned sector and the foreign-invested sector, 9.2%.
Most notably, none of the interviewed foreign invested businesses have plans to narrow down their production scale.
Assessing the prospects of the Vietnam economy, 42.1% of interviewed enterprises say the Vietnamese economy will remain stable. They say they believe that with the current government policies, Vietnam will maintain the growth of the economy. Up to 30.6% of them show their optimism when they say that they believe the economy will improve in the later months of the year and the years that follow.
FDI enterprises are even more optimistic as 82% of them say they believe in the stability and growth of the economy in the coming time while the figures in the private and State-owned sectors are 65.4% and 71.8% respectively.
In the first six months of this year, 50.7% of enterprises have higher revenues compared to 2007. However, the revenue growth rates are not as good, showing a possibility of reduction in growth of enterprises.
Though more than half of the enterprises report better revenue and growth compared to 2007, only one fourth of them has higher profits and profit growth rates. This means that growth in revenue does not go along with the increase of trading effectiveness of enterprises.
The key reasons are the impacts of inflation, leading to price hike, especially the rising prices of input materials.
ND
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