17 July 2017

Over 8,000 construction firms set up in H1

Workers work on the final steps in the construction of an urban railway crossing the Sai Gon River in HCM City. As many as 8,200 construction enterprises were established in the first six months of this year, according to statistics of the Ministry of Construction (MoC). — VNA/VNS Photo An Hieu

As many as 8,200 construction enterprises were established in the first six months of this year, according to statistics of the Ministry of Construction (MoC).

This number accounted for 13.4 per cent of newly-established enterprises nationwide, up 10.7 per cent over the same period in 2016, of which 2,300 firms operated in the real estate sector.

MoC is currently focusing on speeding up the restructuring and renovation of State-owned enterprises in the 2016-2020 period. The equitisation of four corporations — Housing and Urban Development Corporation (HUD), Song Da Group, Viet Nam Cement Industry Corporation (VICEM) and Viet Nam Urban and Industrial Zone Development Investment Corporation (IDICO) — will continue.

The real estate sector in the first half of 2017 continued to maintain stable growth, reflected through the stability in price, transaction quantity, liquidity and declined inventory, MoC said, adding that the structure of goods was adjusted to better fit the diverse needs of the market.

According to statistics from the Ministry of Planning and Investment, in H1, the real estate sector ranked fifth in terms of FDI attraction, with 39 newly-registered projects worth US$461.7 million. — VNS



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