Tag: construction

Housing, electricity, water, fuel, and construction material costs in Vietnam increased by 0.35 percent in January, contributing 0.07 percentage points to the Vietnam’s Consumer Price Index. House rentals saw the highest increase at 0.84 percent, while home repair services rose by 0.74 percent.

Vietnam cement makers have a capacity of 122.34 million tons of cement a year, however, the local market is expected to absorb just 65 million tons in 2025. Moreover, cement exports are expected to reach a maximum of 35 million tons leaving an excess supply of roughly 25 million tons, according to the Ministry of Construction.

Year-on-year, the sector grew by 8.7 percent in December compared to December 2023. For the full year of 2024, cumulative growth stood at 3.6 percent compared to 2023, reflecting a steady annual performance despite the monthly dip.

For the full year, prices of housing and construction materials showed a 5.20 percent rise over 2023 levels, reflecting sustained growth in the sector.

In 2024, the sector attracted a total of 52 new projects with US$642.77 million in newly registered capital…