Manufacturing firms perform better in Q2

Up to 82.6 percent of the processing and manufacturing enterprises said they enjoyed a more stable and better business operation in the second quarter of the year, according to the General Statistics Office of Vietnam.
Up to 82.6 percent of the processing and manufacturing enterprises said they enjoyed a more stable and better business operation in the second quarter of the year. (Photo: VNA)

Up to 82.6 percent of the processing and manufacturing enterprises said they enjoyed a more stable and better business operation in the second quarter of the year. (Photo: VNA)

The foreign direct investment firms have the highest business confidence with 85.7 percent believing that their business improved and stabilised during April-June. Meanwhile, the percentage for state-owned and private companies was 80.8 percent and 81.6 percent, respectively.

In stark contrast, 17.4 percent of the firms said that they had to struggle more than the previous quarter.

Competitiveness was touted as the dominant factor that left enormous impacts on production and business activities. According to the statistics office, 59.4 percent of the firms said that they were affected by competitive edge while 46.2 percent believed that underperformed business was spurred by low demands in the domestic market. 

Financial issue, shortage of qualified labourers, high deposit rate, lack of materials, and out-of-date technology and equipment were the other factors challenging local businesses in the period.

Regarding volume of orders, 82.8 percent of the firms reckoned that the number would be higher than the previous quarter while 17.2 percent said that they would face less orders than the previous quarter. Up to 84.8 percent of the enterprises affirmed that they had more orders from overseas market.

Product inventory was reported to decrease or remain stable among 81.7 percent of the domestic companies.

However, the statistics department said that businesses have more positive outlook for their business prospects in Quarter 3 with 88.5 percent of the firms upbeat about their performance. 

The statistics were compiled based on the latest survey on the quarterly business performance trend of 6,500 industrial processing and manufacturing companies in 63 provinces and State-run cities. 

VNA

Other News

Vietnam steps up implementation of ethnic affairs strategy through 2030

Vietnam steps up implementation of ethnic affairs strategy through 2030

To accelerate the implementation of the the Ethnic Affairs Strategy by 2030, with a vision toward 2045, the Prime Minister requested ministries, agencies and local authorities to continue thoroughly carrying out the Party and State’s policies on ethnic affairs, enhancing the effectiveness of State management and strengthening oversight of policy implementation.

Security preparations reviewed for APEC 2027 in Phu Quoc

Security preparations reviewed for APEC 2027 in Phu Quoc

The team examined the APEC 2027 Convention Centre, where main conference activities are scheduled; Sun Serenia Hospital, designated to provide healthcare and emergency medical services for delegates; provincial road DT.975, which connects Phu Quoc International Airport to the convention centre; and the area surrounding Phu Quoc International Airport.

Hanoi accelerates seven Red River bridge projects, many exceed 70% completion

Hanoi accelerates seven Red River bridge projects, many exceed 70% completion

According to the municipal Transport Construction Investment Project Management Board, the city is simultaneously implementing seven projects, namely Tu Lien, Ngoc Hoi, Tran Hung Dao, Thuong Cat, Van Phuc, Hong Ha and Me So bridges. Construction is being carried out on multiple fronts, focusing on bored piles, pile caps, piers and superstructure works.

Dien Bien battlefield legacy powers tourism revival

Dien Bien battlefield legacy powers tourism revival

Seventy-two years after the Dien Bien Phu Victory, its legacy still reverberates. The unity, self-reliance, and resilience forged in that historic triumph remain a powerful internal engine, now propelling Dien Bien toward fast and sustainable development.

Hanoi accelerates shift to green buses, targets 100% by 2030

Hanoi accelerates shift to green buses, targets 100% by 2030

In the 2027–2030 period, the city will accelerate the transition towards the complete phase-out of fossil fuel-powered buses. The share of electric and green energy-fueled buses is projected to reach 79–89% by 2029 and 100% by 2030.

36 fishermen safely rescued after boat breaks down near Truong Sa

36 fishermen safely rescued after boat breaks down near Truong Sa

At 8:00 the same day, KN475 began towing the disabled fishing boat toward Da Tay A island. The towing operation was carried out safely, and by 18:30 both the vessel and its crew had arrived at the island without incident, where repairs and additional support procedures were arranged.

Vietnamese language contest in Laos strengthens youth ties, bilateral friendship

Vietnamese language contest in Laos strengthens youth ties, bilateral friendship

Held in response to the launch of the Vietnamese Language Day among overseas Vietnamese communities, the event aimed to enhance the quality of Vietnamese language teaching and learning in Laos while contributing to the great friendship, special solidarity, comprehensive cooperation and strategic cohesion between the two countries.

Vietnamese language contest in Laos strengthens youth ties, bilateral friendship

Vietnamese language contest in Laos strengthens youth ties, bilateral friendship

Held in response to the launch of the Vietnamese Language Day among overseas Vietnamese communities, the event aimed to enhance the quality of Vietnamese language teaching and learning in Laos while contributing to the great friendship, special solidarity, comprehensive cooperation and strategic cohesion between the two countries.

Hanoi launches 10 electric bus routes from April 1

Hanoi launches 10 electric bus routes from April 1

By the end of April, the number of buses using electricity and other green energy sources in the city is expected to reach 822, including 683 electric buses and 139 compressed natural gas (CNG) buses, representing 42.1% of the total number of vehicles.