Construction sector struggling because of COVID-19 epidemic

The COVID-19 epidemic has affected the Vietnamese economy, including the construction sector.
Construction sector struggling because of COVID-19 epidemic ảnh 1The construction sector has been affected by the COVID-19 epidemic (Photo: VNA)


Hanoi (VNA) – The COVID-19 epidemic hasaffected the Vietnamese economy, including the construction sector.

Le Duc Tho, deputy general director of Civil EngineeringConstruction Corporation No 4 (Cienco4) said like many other businesses in thecountry, Cienco4 is being affected by the pandemic.

The biggest issue for construction enterprises such asCienco4 is access to construction materials, Tho told the Phap Luat Vietnam(Vietnam Law) newspaper.

“Some items could be purchased in Vietnam such as cement,sand and gravel, but many materials such as steel billets and other steelproducts must be imported from abroad,” he added.

He also said that the working pace has begun to slow down atsome construction sites.

"Despite this, we still mobilise the maximum number ofworkers to ensure progress," said the Cienco4 leader.

Do Hoai Dong, general director of the Housing and UrbanDevelopment Corporation (HUD) under the Ministry of Construction, said that thepandemic affects the whole economy, so it has a negative impact on the realestate market.

However, this effect is dependent on the spread of thedisease in the near future, he noted.

Due to the complex development of the disease, HUD has issueda written request to its member units to seek solutions for its employees,allowing workers to work from home.

"Currently, the corporation is working to evaluate thefull impact of the epidemic to adjust the production and business plan thisyear," Dong said. HUD would speak to member companies, and then proposesolutions to relevant ministries and branches, he added./.

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.