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Nearly 60 percent of construction firms expect stable, better business

Nearly 60 percent of construction firms expect stable, better business in Q1

As many as 59.6 percent of domestic construction enterprises expect stable or better business in the first quarter of 2019, while 37.5 percent of firms said that they are likely to meet more difficulties, according to a survey launched by the General Statistics Office (GSO).
Nearly 60 percent of construction firms expect stable, better business in Q1 ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – As many as 59.6 percent of domestic construction enterprisesexpect stable or better business in the first quarter of 2019, while 37.5percent of firms said that they are likely to meet more difficulties, accordingto a survey launched by the General Statistics Office (GSO).

Brighterprospect is forecast for the non-State-owned sector as 35 percent said thattheir operation will be stable and 24 percent hopes smoother operation in thenext few months. Meanwhile, the respective ratios of the State-owned sector are32 percent and 24 percent and the foreign-invested sector are 38 percent and 20percent.

In the firstquarter of 2019, production cost of FDI firms is expected to drop, as 43 percentof the surveyed firms said that the cost will be stable and 17 percent saidthat it will reduce. The percentage in non-State-owned firms is 30 percent and19 percent, and State-owned enterprises are 33 percent and 15 percent comparedto Q4 of 2018.

According tothe survey, which covers 5,300 businesses in the construction sector across thecountry, direct material cost will be more effective in all the three businesssectors.

Specifically,50 percent of State-owned companies asserted that the direct material priceswill continue to be stable or lower, so did 49 percent of the non-State ownedfirms and 62 percent of FDI businesses.

In terms oflabour cost in the first quarter of 2019, 56 percent of enterprises foreseestability or reduction, while 43 percent said that the cost will be highercompared to that in Q4 of 2018.

In order toimprove production, GSO Director Nguyen Bich Lam said that the Government andlocalities should focus on reviewing and completing the institution, cuttingdown business conditions that are hindering businesses’ operations and privatecompanies, and effectively apply the one-door model to create better businessenvironment.

TheGovernment should design effective policies to encourage household-basedbusiness facilities to transform into companies so they can operate in the long-termstably.-VNA
VNA
#domestic construction enterprises #stable operation #General Statistics Office (GSO) #non-State-owned sector #FDI #Vietnamplus #Vietnam News Agency
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