Construction and real estate businesses in Vietnam are mobilizing capital from bonds and stocks with the realty market forecast to gradually warm up in the last months of the year and start of 2024.
Wednesday, 13:41, 12/05/2021
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.
A real estate project constructed by Hoa Binh Construction Group
Since the beginning of this year, the prices of construction materials on the market have increased sharply amid worries over shortages of materials and rising demand for economic recovery after COVID-19.
Local brands have increased steel prices by 30-40% compared to the fourth quarter of 2020, putting great pressure on the construction industry, as steel currently accounts for 20% of inputs for construction work.
Not only steel, the price of cement has also skyrocketed. Since mid-April, many cement manufacturers have adjusted the price of products sold with an increase of VND40,000 per tonne.
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12/05/2021 14:25 GMT+7
Vietnam’s freeze dried sugar-cane juice patented in US
Vietnam’s dried sugar-cane juice patented in US
Vietnam’s Vinamit Joint Stock Company has announced that its sugar-cane juice and freeze dried sugarcane juice has just been patented by the United States Patent and Trademark Office (USPTO) in the US market.
Over the past two months, the patents were sent back to Vietnam, recognising Vinamit as the inventor of a series of lyophilized beverages made from domestic vegetables and fruits. Sugar-cane juice and freeze dried sugar-cane juice are the newest of these.