Construction Costs Soar in Vietnam Amidst Rising Fuel and Material Prices

Tuổi Trẻ reports on the escalating construction costs in Vietnam, driven by volatile global fuel and material prices, a situation significantly worsened by ongoing conflicts in the Middle East. This surge in expenses is placing immense pressure on ongoing infrastructure development, especially vital transportation projects.

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Giá xăng dầu và vật liệu tăng khiến chi phí xây dựng tăng cao, nhất là dự án giao thông

The Ministry of Construction's recent report to the Prime Minister details how disruptions to global energy supply chains have led to rapid increases in fuel prices. This, in turn, has driven up the production and transportation costs of construction materials, as well as the operational expenses for construction machinery. The ministry notes that since February, the cost of most building materials has climbed, with cement up 7.2%, steel by 2.2%, and paving stones by 4.8%. Most alarmingly, asphalt prices have jumped by 31.77%, directly impacting the cost of road construction.

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Xung đột quân sự tại Trung Đông làm gián đoạn chuỗi cung ứng năng lượng toàn cầu, đẩy giá xăng dầu tăng nhanh. Điều này kéo theo chi phí sản xuất, vận chuyển vật liệu xây dựng và chi phí vận hành máy thi công đồng loạt tăng.

This trend is projected to continue as long as fuel prices remain high. The Ministry of Construction estimates that current price fluctuations have already increased construction cost projections by 1.91% to 8.09%, with transportation projects bearing the brunt at an 8.09% increase. The ministry has also outlined a stark scenario: if fuel prices were to double, the projected cost for transportation projects could escalate by as much as 15.82%, creating a substantial burden on the national budget. This could add an estimated 42.3 trillion Vietnamese dong to major transportation projects alone.

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Đáng chú ý, giá nhựa đường tăng đột biến khoảng 31,77% - mức tăng được đánh giá ảnh hưởng lớn đến chi phí thi công các công trình giao thông.

Beyond the financial strain, the article highlights that fuel and material shortages and supply chain disruptions in some localities are also impeding the progress of numerous projects. This inconsistency in supply forces some contractors to proceed at a reduced pace, jeopardizing the timely completion of critical infrastructure. Furthermore, current Vietnamese law does not permit immediate contract price adjustments for fixed-price or lump-sum contracts based on these fuel and material price fluctuations, requiring parties to prove force majeure or fundamental changes in circumstances, a complex legal hurdle.

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Theo ước tính của cơ quan này, với mức biến động giá hiện nay, dự toán xây dựng các công trình tăng từ 1,91% đến 8,09% tùy loại công trình so với tháng 2-2026.