HCMC – More than 42% of businesses in the manufacturing and processing sector are anticipating better business performance in the fourth quarter of 2024 compared to the previous quarter, according to a survey by the General Statistics Office of Vietnam.
The survey, which collected responses from over 30,500 companies, found that 42.2% of firms expect production and business conditions to improve in the final quarter. Meanwhile, 40.4% of respondents predict stability, and 17.4% foresee tougher conditions ahead.
Production volumes and new orders are expected to see significant growth. The balance index for production volumes is projected to rise to 25.4%, up from 14.8% in the third quarter. Similarly, the balance index for new orders in the last three months is forecast to reach 24.3%, compared with 10.7% in the July-September period.
The survey also found that 40.5% of businesses anticipate an increase in orders, while 43.3% expect them to remain stable, and 16.2% predict a decline. Regarding export orders, 36% of firms expect an increase, 47.6% foresee stability, and 16.4% anticipate a decrease.
To address ongoing challenges, 43.4% of businesses have called on the Government to reduce lending rates, while 33.9% have urged measures to stabilize prices for raw materials and energy. Additionally, 21.4% of firms suggest boosting domestic demand to help increase order volumes.
