Construction firms optimistic about business performance in Q3
Illustrative photo
Meanwhile, 36.4 percent of surveyed firms thought they had a more difficult period.
The result is based on a survey conducted by the GSO on 5,500 enterprises engaged in construction activities across the 63 cities and provinces nationwide.
According to the survey, 66 percent of state-run enterprises said their business situation during July-September was either better than or stable compared to the previous quarter.
The rate for the non-State sector was 63.3 percent and 64.6 percent among FDI companies.
The survey also indicated that 48.7 percent of the businesses said their total production costs remained stable or reduced, while 51.3 percent said their costs increased.
Regarding employment demand, 81.5 percent of the firms said their workforce remained unchanged or expanded, and 18.5 percent said they needed fewer employees.
In a bid to promote business activities in the end of the year, construction firms said competent authorities should shorten inspection time, and cut unnecessary administrative procedures that trouble the firms, including the number of monthly and quarterly reports.
Besides, they suggested more transparency in bidding process for projects funded by the State budget, and acceleration of capital disbursement for completed construction.
They recommended commercial banks reduce lending procedures, cut assessment time, and create more favourable conditions for businesses to get access to capital.
Related News
AEOs make great contributions to Vietnam’s trade development
07:40 | 16/10/2024 Customs
Businesses cooperate to develop advanced technology
10:58 | 12/10/2024 Import-Export
Note for businesses when converting green and digital
10:00 | 05/09/2024 Import-Export
Businesses will be confident in exporting to the EU when they have enough green capacity
09:45 | 21/08/2024 Import-Export
Latest News
Sustainable opportunities for Vietnamese goods to penetrate the global market
13:54 | 30/12/2024 Import-Export
Top brands in Việt Nam in 2024 revealled
13:54 | 30/12/2024 Import-Export
Vietnamese catfish exports to hit $2 billion mark this year
13:52 | 30/12/2024 Import-Export
Is the 12% export growth target for 2025 achievable?
13:50 | 30/12/2024 Import-Export
More News
Increase revenue from building a sustainable supply chain
11:04 | 30/12/2024 Import-Export
Coconut export enter acceleration cycle
11:02 | 30/12/2024 Import-Export
Pepper export value reaches highest level since 2017
17:58 | 29/12/2024 Import-Export
Fraudulent planting area codes threaten Việt Nam’s durian exports
17:52 | 29/12/2024 Import-Export
Industrial production maintains rapid and throughout bounce back
14:26 | 29/12/2024 Import-Export
Halal Market: The Door is Wide Open, How to Exploit It
14:23 | 29/12/2024 Import-Export
Việt Nam becomes second biggest garment exporter globally
18:06 | 28/12/2024 Import-Export
Fraudulent planting area codes threaten Việt Nam’s durian exports
18:03 | 28/12/2024 Import-Export
Trade remedies protect domestic industries
13:49 | 28/12/2024 Import-Export
Your care
Sustainable opportunities for Vietnamese goods to penetrate the global market
13:54 | 30/12/2024 Import-Export
Top brands in Việt Nam in 2024 revealled
13:54 | 30/12/2024 Import-Export
Vietnamese catfish exports to hit $2 billion mark this year
13:52 | 30/12/2024 Import-Export
Is the 12% export growth target for 2025 achievable?
13:50 | 30/12/2024 Import-Export
Increase revenue from building a sustainable supply chain
11:04 | 30/12/2024 Import-Export