Saturday, November 9, 2024 11:48:51 PM - Markets closed
VN-INDEX 1,252.56 -7.19/-0.57%
HNX-INDEX 226.88 -0.61/-0.27%
UPCOM-INDEX 92.15 -0.17/-0.18%
PM requests solutions to promote building material industry
vietnamnews - 8/29/2024 9:42:49 AM
 (0 ratings. You must sign in to rate.)
Prime Minister Pham Minh Chinh has issued a directive on solutions to remove difficulties and promote production and consumption of building materials.
 
 
Bricks produced at Viên Châu Construction Material Production Joint Stock Company. Prime Minister Phạm Minh Chính has issued a directive on solutions to promote production and consumption of building materials. — VNA/VNS Photo Tuấn Anh
 
 Prime Minister Pham Minh Chinh has issued a directive on solutions to remove problems and promote production and consumption of building materials.
 
Building materials include cement, construction steel, tiles, sanitary wares and ceramics, construction glass and others.
 
The building material industry has been struggling with numerous difficulties in production and consumption, resulting in declining revenue and negative impacts to the economy as well as the country’s industrialisation and modernisation, the directive noted.
 
The directive pointed out that there is a lack of detailed policies for sustainable development of the industry. It is also facing rising production costs, weak demand from a slowdown in the global economy, disruptions of supply chains and a difficult real estate market.
 
Many producers of building materials must temporarily halt production due to financial difficulties, resulting in inefficient investment and rising bad debts.
 
The PM asked for solutions to promote the development of the building material industry in an efficient and sustainable way to meet domestic demand and expand exports of high-value products.
 
The application of science and technology must be enhanced to produce high-quality products while ensuring the efficient use of natural resources and energy and environmental protection.
 
Policies should also be created to promote the sustainable development of the building material industry.
 
The PM asked for debt repayment deadlines to be restructured for producers, along with lowering lending rates.
 
The industry must actively apply hi-tech solutions and speed up the digital transformation, green transition and circular economy in order to lower production costs and increase productivity as well as the quality and competitiveness of products.
 
Efforts to prevent smuggling and expand markets for building materials must also be enhanced, the PM stated.
 
Specifically, the PM asked the Ministry of Construction to improve mechanisms and policies for the building material industries, study technical barriers for imported products and find solutions to promote the development of the real estate market, especially effectively developing at least one million social housing apartments for low-income earners.
 
The Ministry of Industry and Trade was also requested to submit a development strategy for the steel industry by 2030. — VNS
 
Read original article here
Newer News
10:01 Prices of raw materials surge, led by cocoa with a 6.3% increase
09:55 Dak Lak to carry out reforestation project worth over US$19 million
09:41 Nam Dinh unveils its seventh industrial park
09:37 Hanoi's 10-month export value tops $15.5 billion
09:30 EU is important VN partner for trade, green transformation: forum
08/11 Automotive support industry strives to become spare part supplier
08/11 Vietnam’s auto industry strives to reach global recognition
08/11 Vietnam Air Cargo Day 2024 Forum takes place for the first time in Hanoi
08/11 Bac Giang promotes service development to attract high-quality FDI
07/11 Foreign investment disbursement hits $19.58b in 10 months
Older News
29/08 Coconut export forecast to hit $1 billion this year
29/08 Bac Giang taps into agro-forestry-fishery product's potential
29/08 How HCM City can develop into international shopping tourism hotspot
28/08 An agreement on coal trading with Laos to be developed
28/08 Garment industry improves productivity to reduce pressure from high labour costs
28/08 MoIT to leverage regional linkage resources in trade promotion
27/08 Politburo’s conclusion opens new development spaces for oil, gas industry
27/08 Thailand expected to record growth in Vietnamese fruit and vegetable imports
27/08 Limited resources and a lack of incentives hindering eco-innovation
27/08 World Bank forecast that VN’s economy will expand by 6.1 per cent in 2024
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,252.56 -7.19/-0.57%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.