Construction materials industry revenue accounts for about 11% of national GDP.

Mr. Le Trung Thanh - Director of the Department of Construction Materials (Ministry of Construction) said that the total revenue of the construction materials industry accounts for about 11% of the national GDP.

On the morning of November 9, the Vietnam Association of Building Materials held a workshop on "Developing a modern and sustainable Vietnam building materials industry". The workshop affirmed that building materials production is one of the important industries, contributing to creating infrastructure to meet the needs of the country's socio-economic development.

At the workshop, Dr. Nguyen Quang Hiep - Director of the Institute of Construction Materials (Ministry of Construction) said that the construction materials industry has made significant progress in production capacity in recent years. Before 2010, many of our country's main products such as clinker, various types of tiles, sanitary porcelain, and construction glass still had to be imported to serve domestic construction needs.

Dr. Nguyen Quang Hiep - Director of the Institute of Construction Materials (Ministry of Construction) presented a paper at the workshop. Photo: Phuong Cuc

Up to now, construction material manufacturing enterprises have basically met the needs of construction and infrastructure development nationwide, many products have entered the export market such as: Clinker, energy-saving glass, ceramic tiles, paving stones, sanitary porcelain, industrial lime...

" These achievements not only help increase output and production efficiency but also contribute to enhancing the industry's position in the international market, " said Dr. Nguyen Quang Hiep.

According to Mr. Hiep, through statistics on production capacity and consumption of the construction materials industry, it can be seen that many sectors of our country have made remarkable progress in production and consumption. The production capacity of some important construction materials such as cement, ceramics, and construction glass has increased from several dozen times to hundreds of times after 40 years of development.

In addition, the value of construction materials production is constantly increasing, the contribution rate of the construction materials industry to GDP is increasingly significant. By the end of 2023, the contribution of the construction materials industry to Vietnam's GDP will account for about 6 - 7%.

Agreeing with this view, Mr. Le Trung Thanh - Director of the Department of Construction Materials (Ministry of Construction) emphasized: " Vietnam's construction materials industry plays a very important role in the process of building and developing the country. In the past 10 years, the total production capacity of Vietnam's key construction materials has grown to about 120 million tons of cement, 830 million m² of tiles, 26 million sanitary ceramic products, 330 million m² of construction glass, 20 billion fired clay bricks, 12 billion unfired bricks (standard) ".

Director of the Department of Construction Materials (Ministry of Construction) Le Trung Thanh speaks. Photo: Phuong Cuc

In particular, the output of cement and ceramic tiles is among the top in the world. The quality of Vietnamese construction materials is guaranteed to meet international standards. The technological level, production organization, business, and environment of the Vietnamese construction materials industry are among the top in ASEAN countries. The total annual revenue of the construction materials industry is estimated at about 47 billion USD, accounting for about 11% of the national GDP (of which, construction materials excluding construction steel are estimated at about 600,000 billion VND (equivalent to more than 24 billion USD), accounting for nearly 6% of the national GDP), making a significant contribution to state revenue, creating jobs for millions of workers.

However, the Director of the Department of Construction Materials also frankly admitted that in recent years, the Vietnamese construction materials industry has been facing many difficulties. Consumption output and revenue have both decreased, leading to the risk of stagnation in production and business activities of enterprises, workers are facing the risk of losing their jobs, affecting socio-economic development. This is also a concern of the Government and ministries and branches in managing to find solutions to remove difficulties for this group of industries.

However, from the perspective of the State management agency in this field, Mr. Thanh said that the current difficulties facing the construction materials industry in a highly competitive market mechanism are also an opportunity to screen the capacity and efficiency of Vietnamese enterprises and construction materials products.

In such a situation, construction material enterprises, scientific and training organizations, professional associations, central and local state management agencies must focus on effectively implementing solutions in accordance with the Prime Minister's direction on mechanisms, policies, product consumption markets, investment, application of science and technology, environmental protection and international cooperation to improve productivity, quality and competitiveness of construction material products domestically as well as in the international market.

Therefore, " The construction materials industry, with its capacity that has been affirmed through many difficult periods along with the country's development, will certainly overcome current difficulties and challenges, adapt well to market mechanisms, fluctuations in the world economy and develop science and technology to rise up to be worthy of the goals set out in the Strategy for the development of Vietnam's construction materials for the period 2021-2030, with a vision to 2050 ," Mr. Thanh affirmed.

Source: https://congthuong.vn/doanh-thu-nganh-vat-lieu-xay-dung-chiem-khoang-11-gdp-quoc-gia-357811.html