HCM CITY – Prices of construction materials such as steel, bricks and sand are recovering post-pandemic, hitting contractors’ profits.
Cao Văn Hồng, a contractor, told Thanh Niên newspaper that the cost of construction materials had been rising for the last few months.
Nguyễn Quốc Hiệp, chairman of the Viet Nam Association of Construction Contractors, said many contractors signed fixed-price contracts and so took a hit when costs rise.
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