Stabilising the Availability of Construction Materials Pushed Forward by Hưng Yên

In the northern province of Hung Yen, a construction boom is underway, driven by rising investment in infrastructure following the provincial merger. This increased activity has also energized the real estate market, attracting major domestic and foreign investors.

The local construction material market has seen a significant surge in the first seven months of the year. Companies in Hung Yen, including several major enterprises specializing in large-scale production of steel, bricks, and river sand, are busy supplying for housing, office, and manufacturing projects. Each district, town, and city in Hung Yen now hosts 20-30 businesses supplying steel, cement, sand, stone, bricks, and tiles.

However, a challenge looms: the demand for sand in Hung Yen is projected to reach 50 million cubic meters by the end of this year, far outstripping the current supply. The Ninh Binh-Hai Phong Expressway section running through Hung Yen requires between 8.5 and 8.8 million cubic meters of sand, yet only three million cubic meters have been secured.

To address this issue, authorities in Hung Yen have accelerated the exploitation of sand, gravel, and soil mines. Hung Yen has 72 mines, including 50 river ones and 22 coastal ones. Two mines in Hung Yen are preparing to close, and one has applied for a suspension. However, four other river sand mines have got exploration and reserve approvals and are awaiting mining licenses, with estimated reserves of four million cubic meters.

Provincial leaders in Hung Yen have directed agencies to speed up evaluation and approval of mining licenses while ensuring strict environmental compliance and post-mining rehabilitation. Additionally, proposed solutions include urging licensed companies to complete procedures and begin exploitation, seeking supplementary supplies from neighboring provinces, and diversifying materials such as marine sand, ash from Thai Binh 2 thermal power plant, and dredged river sand.

Industry experts predict that global price pressures on raw materials may ease in the coming months, allowing the local construction material market to stabilize. Meanwhile, competition among contractors has raised construction quality and diversified services in Hung Yen, opening a new phase of growth for the province's economy.

Deputy Chairmen of the provincial People's Committee Laai Van Hoan and Nguyen Hung Nam have stressed the need for comprehensive solutions to address the sand supply issue. Tra Van Tien, director of Tien Anh Construction Co Ltd, mentioned that his firm has secured contracts with suppliers, ensuring quality and quantity of key inputs like sand, steel, and cement despite price adjustments.

The northern province of Hung Yen has taken proactive measures to stabilize the construction material market. Infrastructure projects such as the Ha Noi - Hai Phong Expressway, new industrial parks, and urban zones have created strong momentum for the construction sector in Hung Yen. The licenses for the additional sand pits requested by the province of Hưng Yên have been granted to local authorized mining companies and enterprises designated by the provincial People's Committee.

In conclusion, the construction boom in Hung Yen presents both opportunities and challenges. With proactive measures and comprehensive solutions, the province is working towards addressing material shortages and stabilizing the market, ensuring continued growth and development.

Stabilising the Availability of Construction Materials Pushed Forward by Hưng Yên