Vietnam sees more optimistic operating conditions in the third quarter of 2022

International Business News  – According to the General Statistics Office of Vietnam, 85% of Vietnamese enterprises believe that their business conditions will be more optimistic and stable in the third quarter of 2022, while the proportion of enterprises who believe that they will continue to face difficulties has dropped to 15%.

As for the factors affecting the production and operation of enterprises, the representative of the General Statistics Office of Vietnam said that the order balance index in the third quarter of 2022 is forecast to be 31.1%. Among them, 44.9% of enterprises predicted that orders would increase in the third quarter and 13.8% of enterprises believed that orders would decrease in the third quarter. Non-state-owned enterprises have the highest balanced index at 31.6%, foreign direct investment (FDI) enterprises at 30.8% and state-owned enterprises at 26.4%.

The employment balance index for the third quarter of 2022 is 10.9%. Among them, the employment balance index of FDI enterprises is the highest at 18.9%, non-state-owned enterprises are 8% and state-owned enterprises are 3.7%.

The production volume balance index for the third quarter of 2022 is 34.4%. Among them, the production volume balance index of FDI enterprises is the highest at 35.4%, non-state-owned enterprises are 34.5% and state-owned enterprises are 27.6%.

The finished goods inventory balance index for the third quarter of 2022 was -12.6%. Among them, the FDI enterprise index is the highest at -5.6%, state-owned enterprises at -15.2% and non-state-owned enterprises at -15.4%.

The representative of the General Administration of Statistics of Vietnam said that although enterprises have resumed production and business activities after the epidemic, and the demand for production and construction has increased, however, due to China’s gradual reduction in steel production and exports, the global steel supply has declined, and domestic steel prices have continued to rise.

In addition, the increase in the price of refined oil has caused the price of other raw materials to serve the construction sector to increase, which has a direct impact on the cost of the signed works and projects.

At the same time, businesses and construction contractors face the risk of having to cover losses when prices for raw materials they have contracted rise. Therefore, they suggested that the government take timely and strong measures to ensure the stability of raw material prices, adjust contracts and prices within contracts, speed up the progress of land acquisition and compensation, and provide convenient conditions for enterprises to obtain investment funds.