More realty businesses established, resume operations in 2022
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.
Hanoi (VNA) – The number of newly-established enterprises and businesses resuming operations in the real estate market saw a remarkable rise lastyear, said the Ministry of Construction.
As per statistics from the Ministry of Planning andInvestment’s Business Registration Management Agency, there were 8,593 newenterprises and 2,081 businesses resuming operations in 2022, up 13.7% and 56.7%year-on-year.
Meanwhile, the number of firms declaring bankruptcy or dissolution also grew by 38.7% against 2021.
The Ministry of Construction said 2022 still saw manychallenges facing realty firms and forcing them to change their business andmanagement plans. The changes included debt restructuring, scaling down productionand investment, streamlining apparatus, and suspending new projects,among others.
In the face of complicated economic developments, from themiddle of the third quarter to the end of last year, the operations of realestate exchanges also showed signs of difficulties. Less transactions were conducted compared to the beginning of the year, leading to a decrease in the scaleof the trading floors, whose number is now more than 1,100.
According to the Foreign Investment Agency under theMinistry of Planning and Investment, 103 transactions of capital contributionand share purchase were recorded in the sector in the year as of December 20, with their accumulativevalue reaching some 1.6 billion USD./.
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Illustrative photo (Source: VNA) 
