The building material market was fairly gloomy in the first weeks of the year, with building material stores and construction contractors suffering firsthand because there have not been many new projects.
Leaving the fun behind, many young people in Ho Chi Minh City are joining in voluntary programs to remote areas. With their enthusiasm, youth, and knowledge, they are helping to transforming poor areas into places worth living.
The provinces of Central Highlands so far have received investments in hundreds of projects for socio-economic development. Sadly, many of them are still behind schedule or not even launched yet, wreaking havoc on residents’ life.
The Northwest Urban Area can be called the remaining golden land with a large area of Ho Chi Minh City. With its special geographical location and geology, when being properly invested, this place will one day become one of the key dynamic development areas of the city.
Deputy Director of Ho Chi Minh City Department of Transport Phan Cong Bang said that the agency approved the resumption of 65 construction projects, which meet the safety plans of the Covid-19 pandemic prevention and control.
After sharp increases to above VND19,000 per kilogram, causing difficulties for construction projects, steel prices have gradually cooled down to around VND17,000 per kilogram in recent days, depending on brands and products.
Construction material prices, especially steel prices, have continuously escalated with an increase of about 40 percent in the domestic market. It has caused negative impacts on construction activities, house prices, and other construction works. In the past 10 days, large domestic steel manufacturers have continued to increase their selling prices of steel products from VND300 to more than VND500 per kilogram. Ministries of Construction, Industry and Trade, and Finance are seeking solutions to solve this situation.
After finishing their inspection over land use, urbanization planning adjustment and construction investment in Ho Chi Minh City, the Government Inspectorate petitioned the Prime Minister to take back property projects whose land has been allocated but implementation has been delayed for a long time.
Director of the HCMC Department of Planning and Investment Le Thi Huynh Mai said that Ho Chi Minh City has allocated VND41,691 billion (US$1.7 billion) for public investmen to beef up public construction projects.
The Saigon River plays an extremely significant role to HCMC, supplying fresh water, being an important waterway traffic route with many seaports and beautifying the city. Still, many sections alongside the river have been reclaimed and encroached with lot of houses and tens of construction projects.