Enterprises optimistic about production and business in 2022
As many as 45.4 percent of businesses in a recent survey conducted by the General Statistics Office (GSO) forecast that their production will increase in the first quarter of 2022 as compared to the fourth quarter of 2021.
Hanoi (VNA) – As many as 45.4 percent of businesses in a recentsurvey conducted by the General Statistics Office (GSO) forecast that their production will increase in the first quarter of 2022 as compared to the fourth quarter of 2021.
Meanwhile, 37.2 percent of the surveyed enterprises expected stability in theirproduction and 17.4 percent of them predicted a reduction.
Up to 41.4 percent and 41.8 percent of the respondents expectedan increase and stability in their orders in the first quarter of 2022, respectively,compared to the fourth quarter of 2021. Just 16.8 percent of the surveyed businesses forecast a drop in their orders.
New export orders of 37.2 percent of the surveyed firms werepredicted to rise in the first quarter of this year from the last three months of 2021. The new export orders werepredicted to drop in 16.7 percent of the enterprises and remain stable in 46.1percent of them.
Foreign-invested firms were the most optimistic aboutproduction and business with 83.1 percent expecting better performance or stability in thefirst quarter of 2022. The rates among State and non-State enterprises were 82 percent and 81.2percent, respectiv♎ely./.
Foreign-invested enterprises have shown optimism about the recovery of Vietnam’s economic and investment climate during a conference on supporting foreign investors to adapt to new normal business situation that took place in Ho Chi Minh City on December 17.
Three aid packages will be carried out in 2022 to help promote digital transformation in Vietnamese enterprises, according to the Ministry of Planning and Investment (MPI).
The number of newly-established firms in the last quarter of this year reached 31,400 with total registered capital amounting to 415.3 trillion VND (18.21 billion USD), the General Statistics Office (GSO) has said.
More legal aid needs to be provided to small and medium-sized enterprises (SMEs) to help them quickly recover business, production and become stronger after the COVID-19 pandemic, legal experts have said.
Vietnam Airlines is pursuing an Environmental, Social, and Governance (ESG) roadmap to reduce emissions, improve fuel efficiency, and adopt sustainable aviation fuels. It is also investing in workforce development, corporate culture, and international management practices.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.