Construction ministry asked to stabilise local sand market

Sep 20th at 07:47
20-09-2017 07:47:30+07:00

Construction ministry asked to stabilise local sand market

Prime Minister Nguyen Xuan Phuc assigned the Ministry of Construction to study Cambodia’s permanent prohibition on sand exports and the impact on the construction materials market in Viet Nam.

 

The assignment was given after Cambodia issued the ban on sand exports to protect the country’s environment in July.

Phuc asked the construction ministry to issue proper solutions and guide localities to take the initiative in stabilising the local construction materials market. He said Viet Nam would continue to implement the policy of not exporting all kinds of sand to foreign countries.

According to statistics from the ministry’s Construction Material Department, licensed sand mining can meet only 60-65 per cent of the demand of large cities. Meanwhile, Viet Nam is rapidly developing its infrastructure, therefore the demand for sand is constantly increasing.

The country’s demand for sand in 2015 was some 92 million cu.m. The volume is predicted to reach 130 million cu.m. by 2020.

Statistics revealed that Viet Nam’s total sand resources are estimated at 2.3 billion cu.m.

Insiders said with this rapid pace of construction, the supply of sand will be exhausted in less than 15 years.

Meanwhile, the Ministry of Natural Resources and Environment also warned that if there is no planning and no alternative material, there is a risk of no sand being left for construction.

bizhub



NEWS SAME CATEGORY

Thien Long's ball-pen business expands overseas

By focusing on localisation through distribution channels and research and development (R&D), Thien Long Group Corporation (Thien Long) has gained significant...

Rice exports up significantly

Viet Nam has exported 3.87 million tonnes of rice worth US$1.66 billion in the first eight months of the year.

Viet Nam tra exporters protest US duties

The Vietnam Association of Seafood Exporters and Producers (VASEP) protested a new US anti-dumping duty on tra frozen fillets from Viet Nam.

Vietnamese gold trading market slows to a crawl

Transactions in the domestic gold bar market dropped sharply as many gold holders selling their precious metal for Vietnamese dong to reinvest in business...

Prices of steel products to rise

Prices of steel products are forecast to continue rising in the latter months of the year due to a hike in the prices of steel ingot and steel scrap.

THACO becoming new BMW and MINI distributor in Vietnam

After Euro Auto Corporation’s violations of Vietnamese regulations, BMW Group Asia has issued a decision to choose Vietnamese automaker Truong Hai Automobile JSC...

Australia drops anti dumping case

After a year of thorough investigation of the anti-dumping and anti-subsidisation case on Vietnamese galvanised steel, the Australian Anti-Dumping Commission (ADC)...

Domestic gold prices fall sharply

Gold prices slumped in the Vietnamese market on Tuesday morning. On the Ha Noi market, selling price of one tael, or 1.205 ounces, of State-owned SJC’s gold...

Coconut farming languishing

Exports of coconut-based products are sluggish due to challenges and difficulties facing the coconut processing industry and coconut cultivation, according to the...

Doubling of imported used car tax proposed

Importing used cars with nine seats and less will become harder if a proposal to raise used car tariffs is approved by the Government. In fact, the proposed import...

Commodity prices


MOST READ


Back To Top