Despite significant domestic demand due to low housing rates and incomplete infrastructure, Vietnam's construction materials industry faces challenges, according to insiders.

Prime Minister Pham Minh Chinh on June 15 required restructuring in terms of organisation, administration, finance, and input materials at enterprises in the construction materials industry towards their sustainable development.

Prime Minister Pham Minh Chinh asked ministries, agencies and localities to make greater efforts to remove roadblocks to national and key transport projects while chairing a meeting on November 25.

Prime Minister Pham Minh Chinh has ordered the strengthening of management over the implementation of auctions for mining rights, particularly for minerals used as common construction materials, given signs of legal violations detected in the recent bidding for the mining right of three sand mines in Hanoi.

Prime Minister Pham Minh Chinh on July 13 demanded drastic moves to tackle bottlenecks related to site clearance and construction materials facing key transport projects nationwide.

Vietnam’s consumer price index (CPI) rose 3.84% year-on-year in the first four months of this year, primarily due to higher prices for education, housing and construction materials, culture, entertainment and tourism, food, and electricity.

Sanitaryware price hikes led to a 3.5% increase in the standard home construction price index in the first quarter of this year amid higher fuel costs, according to the Real Estate Information Centre (REIC) of Thailand.

The consumer price index (CPI) in the first quarter of 2023 is estimated to rise 4.2-4.3% year on year, according to the Price Management Department under the Ministry of Finance.

The Vietbuild Hanoi 2023 exhibition officially kicked off at the National Architectural Planning & Construction Exhibition Centre on March 15, featuring the latest construction materials, technologies, and interior and exterior decor products, and real estate products.

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 (VACC).

The consumer price index (CPI) in April rose 0.18 percent over the previous month and 2.64 percent year on year, according to the General Statistics Office (GSO).

Prime Minister Pham Minh Chinh chaired a meeting on February 4 reviewing the progress of the eastern section of the north-south expressway project.

Construction enterprises have reported divergence in the first half of 2021 as a sharp increase in raw material prices has put them under pressure.

Prices of construction materials such as steel, bricks and sand are recovering post-pandemic, hitting contractors’ profits.

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.

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.

Leading steel manufacturer Hoa Phat Group sold 95,000 tonnes of steel pipes in November, a year-on-year increase of 31.2 percent.

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.

ASEAN plans to sign a pact on mutual recognition arrangements (MRAs) for automobiles and building and construction materials in September with the aim of reducing production costs and fostering trade among members.

Japanese supplier of construction materials and equipment the JUTEC Corporation and Vietnam’s ISN Corporation have established a joint venture headquartered in Hanoi to welcome investment flows from Japan.