Construction industry with bright prospects
FPT Securities Joint Stock Company (FPTS) has published a report on the construction industry, whereby FPTS believe that in the future the Construction sector (residential, industrial, infrastructure) have a positive outlook.
Specifically, for the field of civil construction in the future will be supported by the Housing Law (Amendment) 2014. Specifically, the Housing Act 2014 allows foreigners to buy houses in Vietnam, expected will be an important driving force in the market Real Estate in Vietnam. Currently, it is estimated only about 500 / 80,000 foreigners in Vietnam homeownership. Therefore, the policy easing is likely to create huge demand for luxury housing segment.
Besides, the introduction of 30,000 billion credit package is very important in the difficult situation of the real estate sector in the period 2013-2014. It also opened a new way relieve the difficulties in the industry at that time. Currently there are about 91 social housing projects (NOXH) is being implemented with total investment of 28.500 billion, which includes 55,830 apartments converted from commercial housing into social housing.
By 2020, our country will have about 4.2 million workers with housing demand is equivalent to approximately 33.6 million m2 needs. In particular, according to estimates of our country will need about 430,000 apartments for low-income people, 17.8 million m2 respectively with and invested approximately 100,000-120,000 billion.
The economic situation our country is increasingly improved, also with the support of the government from lowering the base rate and the policy stimulus. The situation of the property market began to warm up at the end of 2014 and forecast that this trend will continue in 2015. Therefore, the current real estate companies are implementing big projects such as the Newport Vinhome, Dai Quang Minh and some projects as project startup Lotte Smart Complex ($ 2 billion), Amata City - Long Thanh (530 million USD) and Hanoi West Gate - Kepple Land (140 million USD).
For industrial construction sector, the volume of investment in manufacturing industry are the highest proportion in the structure of FDI (40-50%), equivalent to the average amount disbursed USD 4-5 billion /male. Currently, our country is involved negotiating new FTAs 6 agreements, including the TPP, along with improvements in logistics systems and business environment. Thus, the prospect of industrial construction was assessed positively in the coming years.
In 2014, a number of important industrial projects being implemented include Samsung CE Complex project at High Tech HCM (1.4 billion dollars), the project of Samsung Display ear Bac Ninh ($ 1 billion) and The company's project in Quang Ninh Texhong Milky (300 million USD). In 2015, FDI is expected to continue to implement many important projects such as plant expansion project LG ($ 2 billion) and Wintek expansion project in Bac Giang ($ 1.12 billion).
The prospect of the construction industry infrastructure FPTS also evaluated positively in the future. According to statistics, Vietnam has about 40% of the road transport system is of low quality and very low. Therefore, the amount of estimated capital needs for upgrading the road network will reach 48-60 billion for 2020, equivalent to an annual investment needs at about 202,000 billion VND / year.
In addition, the Government also plans to build 26 airports (10 international airport 16 domestic airports) for 2020. Of these, the most prominent projects Long Thanh International Airport (Dong Nai) with a total investment of about $ 10 billion.
Lan Nhi
Theo Trí thức trẻ
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