Most construction firms expected to perform better in Q3

Centre districts  一 and  三 in HCM City. Up to  五 七. 三 per cent of construction businesses are expected to perform better in the third quarter of  二0 一 八. — Photo realtimes.vn

HÀ NỘI — Up to  五 七. 三 per cent of construction businesses are expected to perform better in the third quarter of  二0 一 八, according to the General Statistics Office (GSO).The forecast is based on a survey conducted by the GSO on over  五, 三00 construction firms across  六 三 cities and provinces nationwide.According to the survey,  六0. 二 per cent of State-run construction firms said they were optimistic that the business situation in the third quarter would be better and more stable than in the second quarter.Around  五 七 per cent of non-State businesses and  五 六 per cent of foreign direct investment (FDI) enterprises also showed optimism.The survey indicated that  四 八. 六 per cent of enterprises said they would stabilise or reduce expenses for construction activities in Q 三, while  五 一. 四 per cent expected increasing production costs.As many as  五 四. 六 per cent of FDI companies forecast they would stabilise or reduce production costs. The ratio for non-State and State-owned firms was  四 八. 三 per cent and  三 五. 七 per cent, respectively.In the third quarter,  四 八. 八 per cent of businesses anticipated stable or reduced expenses for construction materials, while  五 一. 二 per cent would increase building material costs.A total of  五 七. 五 per cent of FDI firms said they would maintain or reduce expenses for construction materials. The proportion for non-State and State-owned enterprises was  四 八. 二 per cent and  三 七. 八 per cent, respectively.Up to  五 四. 三 per cent of businesses said they would maintain or reduce employment costs. Some  六 四 per cent of FDI firms said the same, while this proportion for non-State and State-run firms was  四 九 per cent and  五 三. 四 per cent, respectively. — VNS