Wednesday, July 24, 2024 9:35:31 AM - Markets open
VN-INDEX 1,230.66 -1.15/-0.09%
HNX-INDEX 234.10 -0.50/-0.21%
UPCOM-INDEX 94.11 -0.28/-0.30%
Civil construction to benefit from public investment wave: insiders
Vietnam+ - 1/23/2022 3:10:08 PM
 (0 ratings. You must sign in to rate.)
Civil construction is likely to be one of the sectors that enjoy direct or indirect benefits from the Government’s public investment wave, according to insiders.
A report by Mordor Intelligence showed that Vietnamese construction market value reached 57.5 billion USD in 2020 and is expected to hit 94.9 billion USD in 2026, with an annual growth rate of 8.7 percent in the 2021-2026 period. The sector made up 8 percent to the country’s growth on the average in the past 10 years, it said
Meanwhile, the General Statistics Office revealed that in 2021, the production value of the sector topped 1.9 quadrillion VND (83.6 billion USD), up 5.1 percent year on year despite COVID-19 impacts.
In the coming time, public investment will be a great resource that the Government pours into infrastructure projects to promote growth and support economic recovery.
In 2022, the Ministry of Transport is allocated the largest ever middle-term public investment captial amount of over 50 trillion VND. In the next five years, it plans to implement 67 new projects, including 12 ones belonging to the North-South Expressway.
In reality, civil engineering firms have seen promising signals from public investment.
In the fourth quarter of 2021, Coteccons Construction JSC signed contracts for new biding packages worth 10 trillion VND.
Meanwhile, as of October 2021, total backlog value of Hoa Binh Construction Group hit over 16 trillion VND.
Experts held that the demand for infrastructure and civil construction is rising in parallel with the increase in the property market, creating favourable conditions for the implementation of projects.
However, they underlined that competition will also become fiercer, especially in price as construction material prices are likely to continue to surge./.
Newer News
23/07 Real estate firms aggressively restructuring bond debt
18/07 Land Law to create investment waves in various sectors: Experts
16/07 New legal framework to create advantages for foreign real estate investors
12/07 Villas in Hanoi see price increases, although the real estate market is still slow
08/07 Early enforcement of real estate laws - a catalyst for the market recovery
05/07 Real estate market to ‘prosper’ from 2025: Batdongsan
05/07 HCM City real estate revenue up 6% in H1
02/07 Two Vinhomes projects granted permission to sell homes to foreigners
02/07 Hoà Vang district offers ready-cleared land to investors
29/06 Property transactions of individuals might be limited
Older News
30/12 Real estate market remains attractive despite COVID-19
24/12 Thu Thiem New Urban Area a potential gold mine
02/12 Bac Ninh leads industrial property supply in the north
10/11 Southern real estate market will recover quickly: experts
23/10 Real estate industry has hard time getting back on its feet post-pandemic
29/09 Public investment pushes real estate market
15/09 Dong Nai asked to speed up ground clearance for Long Thanh aiport project
11/09 Real estate remains attractive to foreign investors
09/09 VN industrial, logistics real estate a resilient asset class: analysts
30/08 Analysts divided on immediate future of property market
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 9:34:58 AM
VN-INDEX 1,230.66 -1.15/-0.09%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.