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During the first two months of this year, the country’s cement consumption reached 8.4 million tons, a 6.7 percent increase over last year, while output of the steel industry was down by 26.5 percent during the period.
HSBC has cut its inflation forecast for this year to 6.5 percent from the previous 7.3 percent, saying domestic demand has remained weak since the start of the year.
Viglacera Corp., Vietnam’s biggest construction materials producer, plans one of the largest foreign stake sales by a state-owned company to help triple export revenue in the next five years.
Analysts at a recent economic conference in Ho Chi Minh City presented a brighter economic outlook for Vietnam this year, naming a number of industries that have begun to bounce back.
The stagnant property market is showing signs of livening up with major transactions taking place after many years.