Over 42% of Vietnamese firms foresee better business performance in Q4

While 40.4 per cent of the respondents said their business will be stable, the rest 17.4 per cent foresaw more difficulties.

Indicators like new orders, employment and production output are also projected to grow in Q4 2024.

Production output is expected to rise by 25.4 per cent in Q4 from a 14.8-per cent growth in Q3, a domestic news outlet reported.

Businesses are also optimistic about the possibility of increasing new orders, with an expected average increase of 24.3 per cent against the 10.7-per cent increase in Q3.

While 40.5 per cent of businesses expect a rise in orders, 43.3 per cent expect stable numbers and 16.2 per cent project a drop in orders.

Thirty-six per cent of businesses expect an increase in new export orders, 47.6 per cent predict stability and 16.4 per cent anticipate a fall.

Businesses with foreign direct investment (FDI) are projected to achieve the most positive results, with the highest expected increase in production volume and new orders.

However, seeing current challenges, enterprises in the processing and manufacturing sector have called for government support and management agencies.

Specifically, 43.4 per cent of the enterprises felt that the government must continue to reduce lending interest rates so that enterprises can access capital.

Around 40 per cent of the enterprises said the government should formulate policies to stabilise prices of raw materials and energy, and 25.4 per cent suggested that the government, ministries, agencies and localities should take measures to stabilise the supply of raw materials for production.

Over 15 per cent of the enterprises proposed the government support enterprises in training and improving workers' skills to meet new requirements in production.

In addition, 20.5 per cent of the enterprises suggested improving the quality of logistics services; 19.6 per cent said land rents should be reduced for production and business; and 17 per cent asked for stable power supply for production.

Fibre2Fashion News Desk (DS)