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Da Nang: Handling speculative behavior and unreasonable price increases of construction materials

DNVN - The People's Committee of Da Nang City has just issued a document directing to ensure the source of landfill soil and construction stone, especially for key and dynamic projects in the city.

Tạp chí Doanh NghiệpTạp chí Doanh Nghiệp07/07/2025

The People's Committee of Da Nang City requests that investors of construction investment projects using public investment capital and foreign capital for public investment in the area review, compile statistics, and report the demand for stone materials for construction to the Department of Construction, the Department of Agriculture and Environment, and relevant agencies and units to monitor and grasp the demand and market developments, and price fluctuations of construction stone materials for construction works.

UBND TP Đà Nẵng yêu cầu hành vi đầu cơ, găm hàng, tăng giá bất hợp lý hàng hóa vật liệu cát, đá nói riêng, và các sản phẩm, hàng hóa vật liệu xây dựng nói chung phục vụ thi công xây dựng.

Da Nang City People's Committee requests for acts of speculation, hoarding, and unreasonable price increases of sand and stone materials in particular, and construction materials in general for construction purposes.

At the same time, the Department of Construction is requested to continue to coordinate with construction investors to propose coordination in the spirit of appropriate progress, similarity in soil type and shortest transportation distance between projects with excess soil and projects thanks to receive fill materials.

Continue to review, evaluate, and synthesize the demand for construction stone materials in the area. Regularly monitor and grasp market developments, and publish construction material prices in accordance with current regulations. In case of large market price fluctuations beyond the authority to handle, the Department of Construction shall coordinate with relevant units to report to competent authorities for appropriate handling.

The Department of Agriculture and Environment is assigned to front over and coordinate with the Department of Construction, the City's Project Management Boards and relevant agencies and units to research and find solutions to provide construction materials (soil, stone, sand, etc.) for projects in the new Da Nang City after the merger; Report to the City People's Committee.

The Department of Industry and Trade is requested to direct market management agencies to strengthen inspection, promptly detect and handle acts of speculation, hoarding, and unreasonable price increases of sand and stone materials in particular, and construction materials and products in general serving construction; strictly handle cases of detected violations according to regulations.

As reported, according to the Department of Construction of Da Nang, the total mining volume of 5 units licensed to mine and supply construction stone materials in the area (by December 31, 2025) is nearly 3.6 million cubic meters of solid stone; the remaining volume according to the license term is more than 1 million cubic meters of solid stone (Truong Ban mines 150,000 cubic meters, Ho Bac 3 mines more than 47,000 cubic meters; Hoc Gia Hanh mines 59,000 cubic meters, Phuoc Nhan mines more than 37,500 cubic meters; Son Phuoc mines more than 760,000 cubic meters).

However, according to reports from local construction project investors to the Da Nang Department of Construction, contractors are currently having to buy construction stone at a higher price than the announced price (provided by the mining unit). In particular, some cases reflect the scarcity of this material, some cases where mining units do not sell directly to construction contractors but through intermediaries.


Two Chau

Source: https://doanhnghiepvn.vn/lanh-te/da-nang-xu-ly-hanh-vi-dau-co-tang-gia-bat-hop-ly-vat-lieu-xay-dung/20250707065715187


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