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55.4 pct of Vietnamese enterprises expect higher production in H2: statistics

Xinhua, July 13, 2016 Adjust font size:

About 55.4 percent of Vietnamese enterprises expected their production volume to increase in the second half (H2) of 2016, according to the General Statistics Office (GSO) on Wednesday.

At the same time, some 9 percent said production volume would be reduced while around 35 percent predicted stability in production, local Vietnam News, an edition of Vietnam's state-run news agency quoted the GSO as saying on Wednesday.

Regarding production orders, around 48.5 percent of local firms expected orders to increase while 9.5 percent of them estimated reduction in orders.

The office said 48 percent of local businesses expected the processing and manufacturing sector to improve.

In the first six months of 2016, Vietnam witnessed the highest rise of businesses resuming operation over the past few years, according to GSO.

Specifically, from January to June, some 14,902 enterprises resumed their operations, up 75.2 percent year-on-year, said GSO. Endit