Majority of businesses optimistic about production prospects ahead
(VOVWORLD) - A total of 81% of businesses operating in the manufacturing and processing industries believe that production will continue to recover and prosper in the fourth quarter of the year, according to a survey recently conducted by the General Statistics Office (GSO).
 Most businesses are upbeat about economic recovery in the fourth quarter of the year. (Photo: VOV) |
Announcing the results of the survey in Hanoi on Tuesday, the GSO noted that 32.2% of manufacturing and processing firms rated their production and business prospects better in the third quarter of the year in comparison to the second quarter. Meanwhile, 35.9% of respondents said that they believed the situation was stable and 31.9% rated the situation as difficult.
Despite just going through a difficult patch, the majority of businesses expressed their upbeat about the market’s recovery and the purchasing power ahead in the fourth quarter of the year. As such, 81% of respondents answered that market trends would be either better or stable moving forward, while 19% of respondents forecast that the situation would prove to be more challenging.