Prime Minister Phạm Minh Chính has issued a directive on solutions to remove difficulties and promote production and consumption of building materials.
Tetra Pak has announced an additional 97 million euros (US$104.2 million) investment to expand its packaging material production facility further in the southern province of Bình Dương.
Đinh Hồng Kỳ, vice chairman of Việt Nam Association for Building Materials, said that construction material companies had encountered numerous difficulties, and many had to stop operations as property project construction stagnated.
According to experts, the UK can be a source of quality raw materials for Việt Nam especially because raw materials that Việt Nam needs to import for export production or domestic consumption are items that Việt Nam offers preferential tariffs to the UK.
Based on fluctuations in the construction material market in the first half of this year, the Ministry of Construction forecasts that the price of construction sand and stone in the third quarter of 2023 will continue to increase when major traffic projects...
It was critical to promote housing development, especially social housing projects, urban areas and transport infrastructure projects and speed up public investment disbursement to support the building materials markets.
HCM City businesses are seeking assistance from authorities to revive production and overcome problems such as lack of workers and high raw material costs.
Several key construction materials have seen a sharp price hike during the first three months of 2022, putting significant pressure on property prices, according to the Vietnam Association of Construction Contractors.
With local construction contractors recovering after the heavy impact of the pandemic, the increased prices of building materials and the labour costs have a significant effect on their performance.
While many thermal power enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses.