Quarter II/2025: Raw material prices increase

According to the survey results of the second quarter of 2025 of the General Statistics Office (Ministry of Finance) on construction enterprises, the biggest difficulty that enterprises and construction contractors face is the high price of construction materials.

In the context of many intertwined challenges and escalating investment costs, the construction and real estate market is entering a period of deep restructuring. (Photo: HNV)

Survey results show that up to 57.2% of businesses said construction material price The high increase has affected production and business activities, increasing by 10.1 percentage points compared to the first quarter of 2025 (a record high increase in recent quarterly surveys).

The survey results also showed that in the second quarter of 2025, up to 54.0% of businesses said that their direct material costs increased compared to the first quarter of 2025.

Explaining the reason for the increase, the General Statistics Office said, public investment The rush into large infrastructure projects (highways, ports, airports, etc.) has caused the demand for sand, stone, steel, and cement to increase dramatically. In addition, the source of sand and stone for construction in some localities is also experiencing local scarcity due to lack of supply: mines have expired, mining is interrupted, and landslides.

Construction costs increase, businesses are under a lot of pressure but still maintain growth momentum. (Photo: HNV)

The increase in input material-energy-transportation costs has led to an upward trend in construction material prices. Steel prices increased slightly due to the increase in world iron ore and billet prices; asphalt prices also increased due to the increase in gasoline and oil prices and a slight increase in transportation costs. As for cement, although prices were relatively stable in June, the increase in raw material and coal-fired electricity costs has increased cost pressure.

In addition, the psychology of hoarding goods at some agents and intermediary businesses also contributes to pushing up material prices in the short term.

According to the General Statistics Office, fluctuations in construction material prices also affect the production and business activities of enterprises in the construction industry.

Increased input costs increase total construction costs, affecting profits and financial performance of fixed-price contracts. If prices increase over a long period of time, it can slow down construction progress, forcing investors and contractors to adjust financial plans, schedules and technology.

Source: https://baolangson.vn/quy-ii-2025-gia-nguyen-vat-lieu-tang-cao-5053743.html