Ho Chi Minh City's public spending in the first half of 2023 reached VND 15.43 trillion (US$652 million), accounting for only 23percent of the budgeted amount despite the many measures it took to remove hurdles.
The housing market has kept tumbling into a 'deep freeze' hurting the construction sector and construction material suppliers. However, according to economic experts, it will soon thaw when the economic signal is positive.
A series of workshops and seminars on the potential for promoting economic cooperation between Vietnam and the Umbria region, along with trade and investment promotion events, were hosted by the Vietnamese Embassy in Italy on April 14 – 16.
The consumer price index (CPI) in the first quarter of 2023 is estimated to rise 4.2-2.3 percent year on year, according to the Price Management Department under the Ministry of Finance.
The Chairman of the Southcentral Province of Binh Thuan petitioned for a license extension to exploit 6 land mines for the Vinh Hao - Phan Thiet expressway construction project.
The price of construction materials and gasoline have increased sharply, pushing construction contractors into a state of dilemma. Many contractors who are currently involved in completing public investment projects such as highways are worried with the spiraling costs of materials.
Binh Thuan Province has four active thermal power plants, with a total capacity of nearly 4,300MW, including Vinh Tan 1, Vinh Tan 2, Vinh Tan 4, and Vinh Tan 4 Expansion. Fly ash and slag discharged from the operation of these factories have already piled up as high as mountains. Binh Thuan Province has tried all measures to handle it, but they are going nowhere.
On May 29, the General Statistics Office said that the consumer price index (CPI) in May 2022 increased by 0.38 percent compared to the previous month. With this increase, the average CPI in the first 5 months of the year increased by 2.25 percent compared to the same period last year, higher than the increase of 1.29 percent in the first five months of 2021, although it is still lower than the increase of the first five months of the period 2017-2020.
According to the program to develop non-fired building materials in Vietnam to 2030, recently approved by the Prime Minister, the production and use of non-fired building materials will reach the rate of 35-40 percent by 2025 and 40-45 percent by 2030. It is not an easy target to achieve because, currently, non-fired building materials still face many difficulties in both production and consumption.
Since the Tet holiday, the prices of some products in Ho Chi Minh City have started to increase, especially after gasoline prices exceeded VND25,000 per liter.
Prices of goods and services in the domestic market increased marginally this month, causing the country’s consumer price index to soar by roughly 0.25 percent against the prior month and by 2.82 percent against the same period last year, the Ministry of Industry and Trade’s market watch division said.
Authorities need to clarify the situation in which construction contractors are complaining because construction material prices are constantly fluctuating, with an increase of about 40 percent upwards, while many building material manufacturers earn huge profits.
After a slump due to the impacts of the Covid-19 pandemic, from the middle of the third quarter, the building material market in Ho Chi Minh City have started to flourish again as it has entered the peak of construction season at the end of the year, and the export of building materials to some markets is favorable.
Fossil fuel power plants have no choice but find market to sell their coal residues, said experts at a meeting held today in the northern province of Quang Ninh.
