Stocks of construction materials, transport infrastructure,... all made a breakthrough in the context of the National Conference to urge the disbursement of public investment, which took place under the chairmanship of Prime Minister Pham Minh Chinh. .
At the national online conference on urging the disbursement of public investment capital in 2023 and the implementation of the socio-economic recovery and development program on the morning of February 21, Prime Minister Pham Minh Chinh emphasized that investment Public investment is both a driving force and a development resource, must strive to disburse at least 95% of the total of more than 711 trillion VND of public investment in 2023.
Prime Minister Pham Minh Chinh chaired a nationwide online conference on urging the disbursement of public investment capital on the morning of February 21, 2023. (Photo: CP)
Huge capital poured into investment projects is bringing opportunities for enterprises of the public investment group, which is expected to create spillover effects to many other industries such as construction and real estate.
Stocks of construction materials and transport infrastructure simultaneously broke out with expectations from the public investment push.
On the morning of February 21, VCG shares of Vietnam Construction and Import-Export Joint Stock Corporation - Vinaconex on the morning of February 21 increased for the 6th consecutive session, in which it increased to the ceiling on February 15. Mr. Le Viet Hai's Hoa Binh Construction (HBC) shares surged for the 5th consecutive session. Some other codes such as Ho Chi Minh City Technical Infrastructure (CII), Binh Duong Construction (KSB), Coteccons Construction (CTD), Fecon (FCN), DHA, LCG, HHV,... all increased in price.
Since the stock market recovered from the bottom in mid-November 2022, many public investment stocks have increased very strongly, by 50-70%, such as VCG, DHA, FCN, LCG... of the common market.
The VN-Index in the morning of February 21 sometimes increased by 6-7 points (after gaining more than 27 points in the previous session) to the threshold of 1,095 points.
According to VNDirect Securities, public investment stocks have a positive and breakthrough prospect in 2023. It is forecast that public investment disbursement in 2023 will grow by 20-25% over the same period.
VNDirect also highly appreciates the prospect of infrastructure development in 2023 when the problems of shortage of stone and sand supply and high prices of construction materials have almost been resolved.
Some listed companies have been assigned to participate in a number of bidding packages and will benefit from the North-South expressway phase 2. In addition, some companies with shares listed on the stock exchange will benefit. from the super project of Long Thanh airport.
Some enterprises owning land and stone mines near big projects (such as Long Thanh) will also benefit greatly from the huge capital for public investment. Not only the construction group, the group of building materials, but also some other groups such as telecommunications infrastructure... also benefit.
Real estate and industrial real estate are also supported when public investment promotes infrastructure in localities. Foreign investment capital (FDI) is still flowing strongly into Vietnam.
2023 is a highly anticipated year for the public investment sector after a fairly successful year 2022. Public investment is considered the growth engine of Vietnam's economy in the medium term.
In 2022, according to data from the Government, public investment disbursement reached the highest level ever and increased by about 23.5% compared to 2021.
According to a report of the Ministry of Planning and Investment, in 2022, the total state budget capital (state budget) of ministries, central and local agencies has been allocated and assigned detailed plans for tasks and projects. is more than 551 trillion dong, reaching 95.1% of the plan assigned by the Prime Minister.
According to the Ministry of Planning and Investment, the plan for public investment with state budget capital in 2023 has more advantages than in 2021 and 2022 because most large projects have completed procedures and allocated enough capital in the investment plan. medium-term public sector for the period of 2021-2025.
According to Manh Ha/Vietnamnet.vn
