A number of construction materials firms reported losses last year and are now asking for government support, specifically more large scale infrastructure projects, Doanh Nhan Vietnam is reporting.
This is not a good sign for the real estate industry in that construction firms, presumably in the know, are not banking on the industry to buy up their goods.
There is also a similar story in Tuoi Tre but it focuses specifically on the cement industry. Cement accounted for about US$1.3 billion worth of Vietnam’s exports in 2023.