Several steel companies have announced price cuts for construction steel products, marking the first downward adjustments this year and offering some relief to contractors facing rising project costs.
Prime Minister Pham Minh Chinh has asked ministries and agencies to remove obstacles related to land and construction materials to implement investment projects on highways and real estate.
According to contractors and investors in Ha Noi, while the price of cement has stabilised, other essential building materials such as steel and construction sand continue to increase in price.
Prices of construction materials like iron and steel, cement, stone, and sand have increased relentlessly since the beginning of this year due to a surge in demand caused by the peak construction period being delayed by COVID-19 from February-April last...
Associate Professor Dr. Le Trung Thanh, head of the Vietnam Institute for Building Materials under the Ministry of Construction discusses the development of Viet Nam''s eco-friendly construction materials and solutions to help the sector become sustainable in the future.
HCM City is removing legal bottlenecks to the housing market and the COVID-19 pandemic is under control, factors that will revive its construction materials market whose annual peak season begins in the first quarter.
After a gloomy period due to the COVID-19 pandemic, the construction materials market in HCM City started to flourish again in the third quarter as the peak construction season began and demand from some export markets recovered.
The COVID-19 pandemic has led to many construction and real estate projects being delayed, resulting in large inventories of construction materials, especially steel.
The Ministry of Construction has announced a national action plan on green growth in 2020-2030 focusing on reducing greenhouse gas (GHG) emissions and implementing the Paris Agreement.
Consumer goods, healthcare, energy, construction materials, infrastructure, and technology are among the sectors with enormous potential for investment in Viet Nam once the COVID-19 pandemic subsides, an expert has said.