Vietnamplus

Vietnam is a potential and emerging market, with low risks, good economy and stable politics, Eto Shinji, General Manager of Japanese building product distributor JUTEC Corporation’s Overseas Business Department, has said.

Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Construction to pay attention to the development of social housing projects and homes for low-income earners while enhancing urban management and creating favourable conditions for construction businesses.

The building materials industry has grown at 8-12 percent in the past three years and is expected to maintain good growth next year, a seminar heard in HCM City on December 26.

The local building material market saw stable and good growth in the first months of 2018, meeting the demand of consumers.

A line-up of tools and solutions to promote stable and sustainable development of the real estate market are being studied by the Ministry of Construction as part of efforts to ensure the market’s transparency.

The country’s cement surplus this year could be 30 million tonnes and reach 35 million tonnes by 2020 if Vietnam does not export cement.

The domestic building material market remained stable in the first nine months of this year, according to the Ministry of Construction.

The domestic building material market was stable in the first four months of the year and continued to meet demand, said the Ministry of Construction.

The consumption of building materials is predicted to rise in the fourth quarter this year as the real estate sector is showing signs of recovery.