Brighter business rend for the third quarter of 2015

Vietnam's economic recovery continued its momentum from the year 2014 and has gradually gained the confidence of business after the difficult period of 2009-2013.

 The recent survey carried out by the Vietnam General statistics office (GSO) on 3389 companies in the manufacturing sector showed business trend of enterprises in the second quarter and third quarter is better than in the first quarter, 2015. About 40.5% of companies confirm their better corporate performance and positive business trend while 20.1% of companies said they had to face with difficulty and 39.4% recognize a stable business situation. Expectation for third quarter vary across companies, 49.4% of businesses see upward trend in their business; 13.2% of companies forecast worsened situation and 37.4% of businesses think their production and business situation will stabilize.


Regarding number of orders of enterprises in the second quarter compared with the first quarter, 37% of enterprises have more orders; 19.2% of enterprises have less orders and 43.8% of enterprises have stable number of orders. This proportion for the third quarter are 45.8%; 10.8% and 43.4% respectively.

In respect of export orders of the 2nd Quarter against the previous quarter, 29.3% of enterprises confirmed to have the higher number of export orders; 19.5% had the reduced number of export orders and 51.2% had the stable number of export orders. The trend of the 3rdQuarter compared with the 2nd Quarter is brighter with 40.7% of enterprises expecting to raise the number of export orders while only 12.8% of them expected it to be declined and 46.5% expected it to be stable.

Trend in the stock of products is also better with only 21.1% of enterprises had inventories in the 2nd Quarter increased from the previous quarter; 32.7% had inventories reduced and 46.2% remained stable. The trend of the 3rd Quarter in comparison with the 2nd Quarter shows that 16% of enterprises forecast inventories will go up; 33.4% thought inventories will go down and 50.6% forecast inventories will keep stable.


Compared to the same period in 2014, the number of enterprises registered for new establishment in six first months of this year rose 21.7% in the number of enterprises and 22.3% in the registered capital. The average registered capital per newly-established enterprise went up by 0.5%. The expected number of labourers provided with job in newly-established enterprises grew by 20.4%.

The number of enterprises which finished the procedure for dissolving, terminating business activities in six beginning months of this year decreased by 0.9%; the number of enterprises having difficulty forced to temporarily cease operations fell by 5.8%; the number of enterprises re-operated increased by 2.2%.

Total retail sales of consumer goods and services in the first six months up to June increased by 9.8% compared to the same period in 2014, if the factor of inflation were excluded, the growth rate would be 8.3%.

Passenger carriage in six beginning months of the year rose 7.4% in the volume of passengers and 7% in passengers-kilometers year on year. Cargo transport in six months grew by 5.7% in the volume of passengers and 1.7% in passengers-kilometers. International visitors to Vietnam were estimated to reach 3804.6 thousand arrivals, reduced by 11.3% from the similar period last year.


The unemployment rate of labourers within the working age group in the first six months of this year was estimated at 2.44%, of which it was 3.35% for the urban area; 2.00% for the rural area. Estimated unemployment rate of the youth aged 15-24 was 6.71%, of which it was 11.04% for the urban area and 5.15% for the rural area. The unemployment rate of labourers aged 25 and above in 6 beginning months of the year was 1.38%, of which it was 1.89% for the urban area and 1.13% for the rural area. Estimated underemployment rate of labourers within the working age group in the first six months of 2015 was 2.52%, of which it was 1.29% for the urban area and 3.11% for the rural area.

Investment is also brighter, with realized social investment capital at current prices in six months went up by 9.4% over the identical period last year and equaled 31.1% of GDP, of which the state sector’s capital increased by 7.2% (the capital under the State budget rose 1.7%); the non-state sector’s capital by 11.4%; the FDI sector’s capital by 9.9%.

In the first half of 2015, Vietnam received 757 newly licensed FDI projects with the registered capital of US $3839.2 million, an increase of 15.4% in the number of projects and a decline of 21% in the capital from the similar period in 2014. The total registered capital of both newly and additionally financed projects reached US $5493.4 million, fell by 19.8% from the same period last year. Estimated realized FDI in 6 beginning months of the year achieved US $6.3 billion, rose 9.6% over 2014’s same period.