Steel price ripple effect felt across domestic businesses 08:00 | 19/05/2021
Global steel prices continue to be in sharp focus, with recent record-breaking highs pushing contractors to the wall as well as raising questions on whether steelmakers have been colluding to hike rates, which have shot up drastically since last year.
Analysts say the record highs of steel prices should fall somewhat moving into the second half of the year
Last Thursday the benchmark iron ore price plunged as much as 9.5 per cent in China as market participants paused after a huge rally that had sent prices to new highs in the days preceding it.
Skyrocketing material prices place duress on contractors 08:00 | 12/05/2021
Skyrocketing material prices places duress on contractors, Illustrative image. Photo: VNA
The Vietnam Association of Construction Contractors (VACC) has sent a document to the Government Office calling for help to protect Vietnamese contractors from the risk of bankruptcy due to the sudden dramatic increase in steel prices in the first quarter and early days of last month.
According to the association, steel prices have increased by 30-40 per cent compared to the end of the fourth quarter of 2020. In addition, the price of sand, bricks, and cement surged, leading to construction costs flying way past estimates.
The paradox of construction material market Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
11/05/2021 07:01 GMT+7
Authorities need to clarify the situation in which construction contractors are complaining because construction material prices are fluctuating, with an increase of 40% upwards, while many building material manufacturers earn huge profits.
Steel costs account for 20 percent of the total construction costs. (Photo: SGGP)
Supply remains plentiful
It is recorded in HCM City that steel prices increase continuously, so construction material stores must quote prices to customers every two days, while previously, prices were always stable during the week and month, or quarter. For instance, the price of steel coil was around VND12,000 per kilogram before July last year, but by the end of April this year, the price has rise
VIETNAM BUSINESS NEWS MAY 5 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
05/05/2021 12:11 GMT+7
Rubber industry needs to develop production chain
Rubber latex of Quang Tri Rubber Co Ltd. Viet Nam s rubber industry needs to develop its production chain to meet the increasing demands of export markets.
Viet Nam s rubber industry needs to develop its production chain to meet the increasing demands of export markets, especially fastidious markets such as Europe and the US, according to experts.
To Xuan Phuc, an expert of Forest Trends said Viet Nam s export of processed rubber has been increasing to many countries. However, Viet Nam s export rubber products must meet many requirements on the export market, including legal issues.
13th Party Central Committee makes debut 11:34 | 01/02/2021
The 13th National Congress of the Communist Party of Vietnam (CPV) ended on a high note at the National Convention Centre in Hanoi on February 1.
Members of the newly-elected Party Central Committee make debut on the last day of the 13th National Party Congress on February 1. (Photo: VNA)
Hanoi â The 13th National Congress of the Communist Party of Vietnam (CPV) ended on a high note at the National Convention Centre in Hanoi on February 1.
On behalf of the Presidium, Nguyen Thanh Hai, member of the Congressâs Secretarial delegation, read a list of political parties, international organisations and friends who had sent congratulations to the Congress.