Public investment projects are giving a big push to the domestic construction material industry, according to Vietnam Report.The State has sped up the development of public investment projects. The implementation of many key transport projects such as ring roads, the North-South expressway and Long Thành Airport, and the approval of many industrial and urban infrastructure projects will bring direct benefits to the construction material sector, the company said.At the same time, the positive inflows of foreign direct investment will likely continue in 2024 thanks to the country's political stability, an attractive investment environment and foreign investor commitments. That is expected to create momentum for a breakthrough in the domestic construction material market in the time to come, it said.The ministry also proposed policies be raised to encourage deep processing and promote exports.The construction ministry urged the Ministry of Industry and Trade to launch anti-dumping investigations on several products that saw significant increases in imports.Producers should actively improve their competitiveness, diversify products, renovate production technologies and expand export markets, the ministry said.Nguyễn Quang Hiệp, Deputy Director of the Building Materials Department under the Ministry of Construction, called for greater attention to developing the urban infrastructure system, transport infrastructure and drainage systems, as well as removing difficulties for the housing market.The export tax on clinker should be kept at 5 per cent instead of 10 per cent for at least the next two years, he said. — VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News