The construction materials industry in Vietnam stands at a pivotal juncture, as highlighted by Master Le Van Toi, Vice President of the Vietnam Construction Materials Association, during the workshop “Developing the modern and sustainable construction materials industry in Vietnam” held on November 9. His remarks underscore not only the historical significance of this sector but also its critical role in the socio-economic development of the nation. Since its inception in 1958, the industry has faced significant hurdles, primarily due to war and outdated mechanisms that stifled growth. However, the renewal policies initiated in the late 20th century, alongside advancements in science and technology, have catalyzed a transformation, propelling the construction materials industry into a robust manufacturing powerhouse.
Over the past four decades, the industry has made remarkable strides, evolving from a sector unable to meet domestic demands to one that not only satisfies local consumption but also boasts surplus for export. The advancements in production quality and technology have been nothing short of revolutionary. Modern equipment and advanced technologies are now commonplace, and the workforce has become increasingly specialized, enhancing both economic management and marketing capabilities. The shift from small-scale, environmentally detrimental production methods to advanced, synchronized technological lines has changed the landscape of construction materials manufacturing in Vietnam.
Yet, the industry now grapples with a myriad of challenges. The current global economic climate, characterized by prolonged risks and uncertainties, has left many businesses struggling. The sluggish real estate market, soaring raw material prices, and rising bad debts are all contributing to a crisis that has forced numerous companies to halt production or operate at a loss. Confidence in the macro and industry economies is waning, as Mr. Toi candidly noted, urging businesses to brace for tough times ahead.
To navigate these turbulent waters, Mr. Toi proposed a series of recommendations aimed at fostering a modern and sustainable construction materials sector. Immediate measures include government policies to reduce loan interest rates and export taxes, which would provide much-needed relief to businesses. He also emphasized the importance of increasing public investment disbursement to stimulate demand. In the long run, the government must bolster support for technology transfer and investment in modern production lines while promoting the use of environmentally friendly materials.
The Ministry of Construction has a crucial role to play, particularly in advocating for the use of artificial sand and planning mineral areas for its production. On the industry side, associations must enhance collaboration, share information, and guide stakeholders toward eco-friendly material usage.
For construction material manufacturers, the call to action is clear: focus on market forecasting, adapt to fluctuations, and prioritize product quality. Diversification and trade promotion will be essential strategies moving forward. Long-term restructuring and investment in automation will help improve operational efficiency, while partnerships with domestic and international players can facilitate resource sharing and technology exchange.
The Vietnam Association of Building Materials is determined to support these initiatives, working alongside enterprises to overcome obstacles and drive sustainable growth in the sector. As the Vice President affirmed, the collective efforts and resilience of construction materials manufacturers will be key to advancing Vietnam’s construction landscape, ensuring that the industry not only survives but thrives in the face of adversity.
