News

Concrete & Construction Surge Ahead in Year-End Period

According to the latest statistics, the construction industry is witnessing a strong recovery and acceleration in the final months of 2025, leading to a significant rebound in demand for ready-mix concrete—despite ongoing challenges related to raw material supply.
Specifically, Coteccons, one of the industry leaders, reported a backlog of nearly VND 37,000 billion, with approximately VND 35,000 billion booked as of Q2/2025 alone. This indicates a robust pipeline of work secured for upcoming quarters.
Notably, the ecosystem of companies including Newtecons, Ricons, Sol E&C, BM Windows, Boho Decor, and DB achieved a combined revenue of VND 27,800 billion, significantly exceeding their planned targets. The founding chairman of Newtecons stated that this figure "far surpasses other competitors in the industry," reflecting exceptional growth across the group.
The market’s dynamism is not limited to major corporations. Activity is vibrant across all segments—from small-scale residential projects to billion-VND developments. According to experts, these are strong signs that the construction sector is undergoing a robust recovery after a prolonged period of economic difficulties and resource shortages.
Public Investment: A Strategic Driver for Construction
On the policy front, the Vietnamese government’s proposed 2025 public investment budget is set at over VND 790,000 billion (pending National Assembly approval), a sharp increase from the VND 670,000 billion allocated in 2024. The key development goals include:
    - Completing at least 3,000 km of expressways
    - Substantially finishing the Long Thanh International Airport
    - Eliminating makeshift and dilapidated housing nationwide
Alongside public investment, the real estate market is also showing signs of recovery, further stimulating demand for new construction projects—thereby fueling growth in the ready-mix concrete sector.
Ready-Mix Concrete Suppliers Face Material Price Pressure

However, challenges remain. Input material prices—especially for stone and sand—have surged and become unstable, directly impacting concrete production and supply. As reported in the article "Overview of the Southern Vietnam Ready-Mix Concrete Market Over the Past Year", the current imbalance in material supply and demand has forced many projects to delay or cancel construction schedules.
In this context, smaller concrete suppliers are struggling to maintain production or secure new contracts. Nonetheless, thanks to years of experience and strong coordination with strategic partners, SMC Concrete only experienced a brief disruption. The company quickly returned to the market with renewed strength.
Despite a modest price increase compared to previous years, SMC remains a trusted choice among clients due to its consistent quality, professional delivery schedules, and ability to meet construction demands even amid material shortages.
Is this the “golden time” to start building your project?
The answer awaits in the next article from SMC Concrete—your reliable source for the latest and most accurate updates on Vietnam’s construction and concrete market!