In details, about 55.4 percent of local enterprises expected the production volume to increase by this year-end while around 35 percent predicted stability in production. There are only 9 percent of survey participants said production volume would be reduced.
In addition, 48.5 percent of respondents expected the orders to increase while 9.5 percent of them estimated they would reduce. About 42 percent of them said export orders would increase.
The survey’s results showed that 48 percent of local businesses expected the processing and manufacturing industry to improve, while 44 percent thought production orders in the third quarter would increase against the second quarter.
Meanwhile, 55.6 percent of firms surveyed predicted their inventory of products would stabilise by the end of this quarter and 14.7 percent hoped their inventory would be reduced.
The GSO also reported the total retail sales and services and consumption revenue in the first six months of this year gained a year-on-year increase of 9.5 percent to 1,720 trillion VND. Excluding inflation, this marked an increase of 7.5 percent, lower than the 8.8 percent increase in the same period last year.
In the first six months of this year, retail sale revenues reached 1,310 trillion VND, 9.8 percent higher than the same period last year, accounting for 76.2 percent of the total. The revenue from retail sales and services rose by 13.1 percent for rice and food; 12.2 percent for garment; 10 percent for household appliances, and 9.1 percent from transport services, according to the GSO.
Binh Duong, Nam Dinh, Thanh Hoa, Khanh Hoa, to Quang Nam, An Giang, and Bac Giang và Hai Phong are provinces and cities that achieved high growth rate in retail sale revenues.
