HCMC – Around 30.8% of businesses expect new export orders to increase in the third quarter of 2025, while 51% anticipate stable demand and 18.2% forecast a decline, despite the upcoming U.S. reciprocal tariff policy on Vietnamese exports.
A survey by the General Statistics Office shows that 37.3% of businesses expect their production and business activities to improve in the third quarter compared to the previous quarter.
However, Phi Thi Huong Nga, head of the Construction and Industrial Statistics Department under the General Statistics Office said that businesses will face numerous challenges stemming from economic and political fluctuations worldwide.
The General Statistics Office’s third-quarter business sentiment survey of manufacturing and processing enterprises shows that 37.3% of businesses expect better performance, while 43.5% believe their business situation will remain stable.
In the foreign direct investment (FDI) sector, 81% of businesses anticipate their production and business performance in the third quarter to either improve or remain stable compared to the previous quarter.
The corresponding figures are 80.7% for non-state enterprises and 79.8% for state-owned ones.
The coming months are a critical period for boosting production to meet rising consumer demand ahead of major holiday seasons in the U.S. and Europe.
Domestically, the shift to a two-level local government model, with reduced administrative layers and streamlined procedures, is enabling businesses to be more proactive in planning their production and operations.
The ongoing crackdown on counterfeit and imitation goods is expected to further support manufacturing growth, Nga said.
However, industrial production activities are being affected by fluctuations in global oil and gas prices, as well as trade policies that may increase production costs or disrupt supply chains.
