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
Forcibly deducting deposits/blocking accounts for 5 businesses owing tax debt
07:50 | 29/04/2024 Anti-Smuggling
Quang Ninh Customs: Many activities to develop Customs-Business partnership
00:00 | 02/03/2024 Customs
Enterprises accelerate production and business activities after Tet holiday
10:16 | 26/02/2024 Import-Export
Deploy business support programs at the Customs unit with a turnover of "hundreds of billions of dollars"
13:21 | 08/02/2024 Customs
Latest News
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
More News
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Your care
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export