Vietnamplus

Several construction firms have reported a drop in profits in the first quarter of this year due to the COVID-19 pandemic and rising material prices.

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

The consumer price index (CPI) in the first half of 2019 increased on average 2.64 percent against the same period last year, the lowest pace recorded over the past three years, General Statistics Office (GSO) General Director Nguyen Bich Lam announced on June 28.

Hanoi’s property market will have more supply of social housing products for low-income people by 2020 in order to address the paucity of those products on the market combined with the over-supply of commercial houses.

Vietnam’s consumer price index (CPI) in August inched up 0.45 percent month-on-month, and 3.89 percent from the same time last year, pushing up the eight-month figure to 3.52 percent year on year, according to the General Statistics Office (GSO).

Medicine and healthcare services prices this August post the sharpest monthly hike, 6.18 percent, compared to five other goods and services categories that share the same upward trend.

The production and sale of construction materials from the beginning of this year are quite favourable with stable prices, the Construction Materials Department evaluated.

Housing developers are struggling to cope with banks' tightened lending policies.

The consumer price index (CPI) in Ho Chi Minh City increased by 0.6 percent in June compared with the previous month, and 3.13 percent from the beginning of the year.