A recent survey by the National Statistics Office (NSO) reveals that 37.3% of enterprises expect improved performance in the third quarter of 2025 compared to the previous quarter, while 43.5% anticipate stable operations, according to a report from the Vietnam News Agency.

 The office’s quarterly survey for Q3 of 2025, which focused on manufacturing and processing firms, shows widespread optimism.

Foreign direct investment (FDI) enterprises are the most optimistic, with 81% forecasting better or stable conditions in Q3. Confidence is similarly high among domestic private firms (80.7%) and state-owned enterprises (79.8%).

More businesses believe in an upward trend in production volume, new orders and, especially, export orders. Despite the upcoming US reciprocal tariffs on Vietnamese exports, 30.8% of firms expect an increase in new export orders in Q3, while 51% foresee stable demand and 18.2% predict a decline.