More realty businesses established, resume operations in 2022

 二0 二 二 still saw many challenges facing realty firms and forcing them to change their business and management plans. — VNA/VNS Photo

HÀ NỘI — The number of newly-established enterprises and businesses resuming operations in the real estate market saw a remarkable rise last year, said the Ministry of Construction.

As per statistics from the Ministry of Planning and Investment’s Business Registration Management Agency, there were  八, 五 九 三 new enterprises and  二,0 八 一 businesses resuming operations in  二0 二 二, up  一 三. 七 per cent and  五 六. 七 per cent year-on-year, respectively.

Meanwhile, the number of firms declaring bankruptcy or dissolution also grew by  三 八. 七 per cent against  二0 二 一.

The Ministry of Construction said  二0 二 二 still saw many challenges facing realty firms and forcing them to change their business and management plans. The changes included debt restructuring, scaling down production and investment, streamlining apparatus, and suspending new projects, among others.

In the face of complicated economic developments, from the middle of the third quarter to the end of last year, the operations of real estate exchanges also showed signs of difficulties. Less transactions were conducted compared to the beginning of the year, leading to a decrease in the scale of the trading floors, whose number is now more than  一, 一00.

According to the Foreign Investment Agency under the Ministry of Planning and Investment,  一0 三 transactions of capital contribution and share purchase were recorded in the sector in the year as of December  二0, with their accumulative value reaching some US$ 一. 六 billion. — VNS