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Skyrocketing Construction Costs Threaten Transportation Projects, Contractors Face Looming Losses
Soaring construction material costs, coupled with outdated legal frameworks and sluggish price adjustment mechanisms, are pushing contractors in Hanoi and beyond to the brink of significant losses, with some even forced to halt construction altogether.
Unlocking Growth: Ho Chi Minh City Ignites Three Key Drivers to Stay Ahead
Over the past 10 months, Ho Chi Minh City’s economy has shown significant highlights. However, to achieve the annual GRDP growth target of 8.5%, the city must aggressively activate three key drivers: consumer spending, exports, and public investment.
Ho Chi Minh City’s Department of Construction Updates on Tidal Surge Developments and Response...
Over the past period, as forecasted by the Southern Regional Hydro-Meteorological Center, the combination of the Northeast Monsoon and tidal cycles has caused an unusually high sea level rise. This resonance resulted in a tidal peak of +1.82m, surpassing the Level III alert threshold of +1.6m, leading to flooding in many low-lying areas across Ho Chi Minh City.
