Steel and asphalt prices rise slightly
According to a report from the Institute of Construction Economics ( Ministry of Construction ), in June 2025, the average steel price increased by 100-270 VND/kg depending on the type and region, an average increase of 1.2% compared to May. Asphalt prices also increased by 200 VND/kg of all types, an increase of 0.16-0.33% compared to the previous month due to the impact of gasoline prices and transportation costs.
Cement prices remain stable
For cement, the price level is relatively stable, not much fluctuation compared to May. Cement production lines are sufficient to meet domestic consumption and export demand. Although production costs have increased, due to large supply, factories have adjusted costs to maintain profits.
Construction sand and stone prices increase dramatically
Notably, construction sand prices have witnessed a "shocking" increase of 29.95-58.45% compared to May. The main reason is high construction demand while supply is scarce, licensed sand mines have been temporarily suspended due to many reasons such as license expiration, landslides, overlap or proactive cessation of exploitation.
Especially in the Central provinces, constructions mainly use natural sand sources but there are no crushed sand production stations, increasing the shortage pressure.
Construction stone prices increased by 7.3-11.11% compared to May 2025, mainly due to increased construction demand and the impact of increased construction sand prices. Localities lacking natural sand had to use crushed sand for construction, especially in the North and South.
Due to strong fluctuations in material prices, the value of construction projects has increased from 0.68-3.14% compared to the previous month, directly affecting construction investment costs.
This price increase has made many businesses worry about a possible repeat of the materials crisis, similar to 2022 when steel, cement and sand prices skyrocketed, leading to a series of projects being stalled, capital overruns, contractors going bankrupt and contracts having to be reorganized.
Pressure from many big projects
In recent times, key transport infrastructure projects have been simultaneously implemented and accelerated. A series of civil works, housing and real estate projects in many localities have also been built to complete the growth target of over 8% in 2025.
This increases pressure on the entire construction industry in the context of scarce supply, while pushing up construction material prices which may continue to increase in the coming time.
To adapt, construction businesses need to control costs well. In a challenging context, profits no longer come from revenue alone but from the ability to control costs - a factor that is becoming a real test of the management endurance and financial potential of the entire industry.
Raw material costs often account for the largest proportion of construction costs, so any fluctuations in input prices can quickly erode a business's profit margin.
Source: https://baonghean.vn/gia-cat-da-xi-mang-vat-lieu-xay-dung-tang-cao-bat-thuong-con-khung-hoang-vat-lieu-co-the-tai-dien-10301502.html
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