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76.7% of businesses are in the processing industry.

Việt NamViệt Nam15/10/2023

According to the survey results of the Ha Tinh Provincial Statistics Department, 76.7% of businesses in the processing and manufacturing sector predict that production and business conditions in the fourth quarter of 2023 will improve and remain stable compared to the previous quarter.

76.7% of manufacturing businesses forecast good and stable business performance.

Pharmaceutical manufacturing activities at Ha Tinh Pharmaceutical Joint Stock Company.

Industrial production in the province during the first nine months of 2023 showed significant improvement. Within the overall industrial growth index of 5.6%, the manufacturing sector increased by 4.83% (making the main contribution to the overall industrial growth).

In the third quarter of 2023, nearly 83% of businesses in the manufacturing sector assessed their production and business performance as better and more stable compared to the second quarter. This indicates that the industrial production situation is experiencing more positive and favorable developments.

According to the survey results of the General Statistics Office, in the fourth quarter of 2023, 76.7% of businesses predicted that production and business conditions would improve or remain stable compared to the previous quarter. 23.4% of businesses believed that production conditions this quarter were more difficult than before.

This result reflects the company's assessment of the overall production and business situation, fluctuations in input factors, projected output results, and inventory changes.

76.7% of manufacturing businesses forecast good and stable business performance.

The garment industry expects orders to improve in the fourth quarter of 2023.

Specifically, regarding factors related to production, 37.78% of businesses forecast an increase in new orders; 22.2% forecast an increase in export orders; 34.04% assess a decrease in finished goods inventory; and 27.66% of businesses expect a decrease in raw material inventory...

As the year draws to a close, businesses in the processing and manufacturing industry, and businesses in general, are striving to achieve their plans and targets to the highest possible level. Besides monitoring and promptly updating themselves on global developments to develop appropriate business strategies, businesses are focusing on boosting domestic market demand to find effective partners for product distribution.

Khanh Ngoc


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