Illustrative image (Source: VNA)
 
Hanoi (VNA) – Up to 57.3 percent of construction businesses are expected to perform better in the third quarter of 2018, according to the General Statistics Office.

The forecast is based on a survey conducted by the GSO on over 5,300 construction firms across 63 cities and provinces nationwide.

According to the survey, 60.2 percent of State-run construction firms said they were optimistic that the business situation in the third quarter would be better and more stable than that of the second quarter.

Around 57.4 percent of non-State businesses and 56.1 percent of foreign direct investment (FDI) enterprises also showed optimism.

The survey indicated that 48.6 percent of enterprises said they would stabilise or reduce expenses for construction activities in Q3, while 51.4 percent expected increasing production costs.

As many as 54.6 percent of FDI companies forecast to stabilise or reduce production costs. The ratio for non-State and State-owned firms was 48.3 percent and 35.7 percent, respectively.

In the third quarter, 48.8 percent of businesses anticipated stable or reducing expenses for construction materials, while 51.2 percent would increase building material costs.

A total of 57.5 percent of FDI firms said they would maintain or reduce expenses for construction materials. The proportion for non-State and State-owned enterprises was 48.2 percent and 37.8 percent, respectively.

Up to 54.3 percent of businesses said they would maintain or reduce employment costs. Some 64 percent of FDI firms would do also be doing so, while this proportion for non-State and State-run firms was 49 percent and 53.4 percent, respectively.-VNA