VN manufacturers optimistic on 2016
VN manufacturers optimistic on 2016
Enterprises operating in the processing and manufacturing sectors are optimistic about growth in export orders in 2016.
According to a recent report from the General Statistics Office under the Ministry of Planning and Investment (MPI) on business trends within the processing and manufacturing industries, more than 80 per cent of the surveyed enterprises said in the first quarter of 2016 they would be stable or even better off than in 2015.
Meanwhile, only 17.7 per cent of these enterprises said 2016 would be a tougher year than 2015.
About 91.6 per cent of the enterprises anticipate higher production volume in 2016 as compared with 2015, while 66.7 per cent expect more stable production costs this year.
The statistics office said this trend clearly showed Viet Nam's business climate had improved significantly.
More than 94,750 new firms were established in 2015 in Viet Nam, with a total registered capital of VND601.5 trillion (US$27.3 billion), up 26.6 per cent in number and 39.1 per cent in capital, respectively, as compared with 2014.
New businesses generated nearly 1.5 million jobs for workers, a year-on-year increase of 34.9 per cent.
In the same year, the number of enterprises that resumed operations was 21,500, a 39.5 per cent rise compared with 2014, while the number of dissolved businesses was 9,467, down 0.4 per cent against 2014.
The ministry said the Enterprises and Investment laws, which came into effect on July 1, 2015, have had positive impact on enterprises' activities.
