A steel factory in Hai Duong province (Photo: VNA)
HCM City (VNS/VNA) - Prices of construction materials such as steel, bricks andsand are recovering post-pandemic, hitting contractors’ profits.
Cao Van Hong,a contractor, told Thanh Nien newspaper that the cost of construction materialshad been rising for the last few months.
AssociateProfessor Ngo Tri Long, former rector of the Ministry of Finance's Price andMarket Research Institute, said prices were up by around 20 percentyear-on-year.
Steel, whichaccounts for 20 percent of the cost of a building, has increased by 40 percent.
Constructionsand is becoming scarce in the Mekong Delta, a major supplier, and buyerswanting large quantities have to wait for a month and often pay more than theoriginally quoted price.
Le Nhu ThuyMy, Director of the Nhan Quoc Ceramic Tiles Company in Dong Nai Province, saidthere had been a slight increase in ceramic tile prices due to a rise inpackaging costs and the rising electricity, petrol, coal, and transportationcosts.
The spike incosts is forcing contractors to increase prices or delay work to prevent losses.
Nguyen QuocHiep, Chairman of the Viet Nam Association of Construction Contractors, saidmany contractors signed fixed-price contracts and so took a hit when costsrise.
Constructionaccounts for nearly 10 percent of Vietnam’s GDP./.
The building materials market is forecast to be robust this year, with the demand fuelled by the increase in infrastructure development investment and the recovery of the property market, according to the Ministry of Construction.
Ho Chi Minh 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.
Japan's Ube Construction Materials Co. has set up a subsidiary in Ho Chi Minh City to sell waterproof agents and other construction materials in Vietnam and other Southeast Asian countries.
The second virtual Vietnam Sourcing Expo on “Build and Home Décor” will be held by the Vietnamese trade office in Australia following the success of the first one in 2020.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
A steel factory in Hai Duong province (Photo: VNA) 
