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Vietnam’s Solar Power Industry: Overview 2024
Vietnam’s Music Industry: Overview 2024
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Vietnam’s Advertising industry: Overview 2024
Vietnam’s Agriculture Industry: Overview 2024
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Vietnam’s Auto-Insurance Industry: Overview 2024
Vietnam’s Life Insurance Industry: Overview 2024
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Vietnam’s Consumer Price Index–CPI–data for September 2024 showed a steady increase in housing and construction material prices of 4.37 compared to September 2023. Prices were also up 3.59 percent over December of last year…
This comes after a challenging year for the real estate and construction industries which have been struggling following on from a number of high-profile arrests in the industry for fraud back in 2022. Though there has been some speculation that the industry is on the path to recovery, these numbers suggest there may be a way to go yet…
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Year-to-date, the construction sector has secured 40 new projects with a cumulative registered capital of US$586.7 million, indicating steady interest in Vietnam’s construction industry. For the year-to-date, the average investment per project stands at around US$14.7 million…
Vietnam’s construction industry has seen substantial growth in recent years, driven by robust economic development and significant government investment in infrastructure projects. The sector is highly competitive, featuring both domestic and international players. These companies are actively involved in various large-scale projects across the country, including residential, commercial, and industrial developments.
Notably, from 2018 to the third quarter of 2023, the land price for sale in the South and the North increased by 71 percent and 54 percent, respectively. On average, in urban areas, land costs account for about 10 percent of the cost of apartments and 20 to 30 percent of the cost of townhouses…
A closer look, however, reveals that most of this profit stemmed from financial activities, not core construction operations. Specifically, the firm booked nearly VND 503 billion or US$19.86 from the liquidation and sale of fixed assets. Additionally, financial revenue doubled year-over-year to US$1.82 million due to the sale of several of its subsidiaries and affiliated companies. Of note, back in June, Hoa Binh announced that it would divest entirely from loss-making affiliated companies…
Coteccons has performed relatively well over the last year or so, despite industry challenges due to a border slowdown in the real estate market. Notably, it has won several key industrial construction contracts for foreign businesses like LEGO, Foxconn, and Pandora. Furthermore, Coteccons is reportedly heading up construction of factory projects in India and Indonesia for electric car maker VinFast…
This is part of a restructuring of Hoa Binh’s portfolio to address accumulated losses incurred over the past two years. As of March 31, the firm had racked up VND 3,182 billion or US$125 million in losses. This was at least in part due to a slowdown in construction work on the back of challenges in the real estate sector more broadly…
A number of construction materials firms reported losses last year and are now asking for government support, specifically more large scale infrastructure projects, Doanh Nhan Vietnam is reporting. This is not a good sign for the real estate industry in that construction firms, presumably in the know, are not banking
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