45.4% Vietnamese companies expect production to rise in 2022: Survey

08 Jan '22

2 min read

Pic: Moreno Soppelsa | Dreamstime.com

As many as 45.4 per cent of businesses in a recent survey conducted by the General Statistics Office (GSO) of the Vietnamese government said they expect their production to rise in the first quarter this year as compared to the fourth quarter of last year. Meanwhile, 37.2 per cent of the surveyed enterprises expected stability in their production and 17.4 per cent of them predicted a reduction.

Up to 41.4 per cent and 41.8 per cent of the respondents expected an increase and stability in their orders in the first quarter of 2022 respectively compared to the fourth quarter of 2021. Just 16.8 per cent of the respondents forecast a drop in orders, according to Vietnamese media reports.

New export orders of 37.2 per cent of the surveyed firms were predicted to rise in the first quarter of this year over the last three months of 2021. The new export orders were predicted to drop in 16.7 per cent of the enterprises and remain stable in 46.1 per cent of them.

Foreign-invested firms were the most optimistic about production and business with 83.1 per cent expecting better performance or stability in the first quarter of 2022. The rates among state and private enterprises were 82 per cent and 81.2 per cent respectively.

Fibre2Fashion News Desk (DS)

More Textiles News - Vietnam...