The construction sector has been affected by the COVID-19 epidemic (Photo: VNA)
Hanoi (VNA) – The COVID-19 epidemic hasaffected the Vietnamese economy, including the construction sector.
Le Duc Tho, deputy general director of Civil EngineeringConstruction Corporation No 4 (Cienco4) said like many other businesses in thecountry, Cienco4 is being affected by the pandemic.
The biggest issue for construction enterprises such asCienco4 is access to construction materials, Tho told the Phap Luat Vietnam(Vietnam Law) newspaper.
“Some items could be purchased in Vietnam such as cement,sand and gravel, but many materials such as steel billets and other steelproducts must be imported from abroad,” he added.
He also said that the working pace has begun to slow down atsome construction sites.
"Despite this, we still mobilise the maximum number ofworkers to ensure progress," said the Cienco4 leader.
Do Hoai Dong, general director of the Housing and UrbanDevelopment Corporation (HUD) under the Ministry of Construction, said that thepandemic affects the whole economy, so it has a negative impact on the realestate market.
However, this effect is dependent on the spread of thedisease in the near future, he noted.
Due to the complex development of the disease, HUD has issueda written request to its member units to seek solutions for its employees,allowing workers to work from home.
"Currently, the corporation is working to evaluate thefull impact of the epidemic to adjust the prod💙uction and business plan thisyear," Dong said. HUD would speak to member companies, and then proposesolutions to relevant ministries and branches, he ad🌞ded./.
The Ho Chi Minh City Real Estate Association (HoREA) has urged the Government to add the property industry to the list of those affected by the COVID-19 outbreak and are eligible for a five-month postponement of value-added tax and land-use fee payments.
The domestic shrimp industry has not faced a great impact from the novel coronavirus-caused acute respiratory disease (COVID-19) because now this industry is under production and Vietnam will enter its shrimp harvesting crop in August.
Organisations and businesses nationwide have provided financial assistance for Vietnam’s fight against the acute respiratory disease caused by the novel coronavirus SARS-CoV-2 (COVID-19).
Local enterprises have sought ways to cope with the novel coronavirus-caused acute respiratory disease (COVID-19) instead of suspending business or scaling back.
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.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
The construction sector has been affected by the COVID-19 epidemic (Photo: VNA) 
