Vietnamplus

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.

Vietnam’s ceramic and tile producer Viglacera has been named among the top 22 ceramic tile producers globally by the Ceramic World Review in terms of output as of December 31, 2021.

Viglacera Corporation JSC has exported made-in-Vietnam construction materials to over 40 countries across the world, becoming one of the leading construction material production businesses in the country.

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.

Deputy Prime Minister Le Van Thanh has signed a decision approving a development programme for unbaked construction materials in Vietnam to 2030.

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.

An online trade conference between Vietnam and China was held in Hanoi on June 2, focusing on construction materials and interior and exterior décor.

Japanese building product distributor JUTEC Holdings Corporation will team up with a Vietnamese partner to establish a housing services joint venture in Vietnam.