JLL reported that the price of many construction materials have increased by 25 per cent from early 2021, especially that of steel.
Industrial structure is made up of 50-60 per cent steel, rebar; special structure may, notably, require up to 70 per cent, which leads to higher construction cost, Tran Huynh, chief operating officer of KCN Vietnam commented.
Furthermore, the outbreak of the COVID-19 pandemic, strict social distancing, and restrictions on movement have caused construction delays or postponements, affecting project schedule, thereby posing a difficult dilemma for both investors and contractors.
