HCM City acts as construction sand prices skyrocket

vietnamnews

Update: July, 05/2017 – 17:30

The HCM City People’s Committee has begun to crack down on speculation in sand and other construction materials, which has caused their prices to soar. — VNA/VNS Photo Công Phong
Viet Nam News HCM CITY — The HCM City People’s Committee has instructed government agencies and district administrations to closely monitor the quality and price of construction sand.

The Department of Trade and Industry has been told to recommend measures to prevent speculation and find out the market price of sand from shops in the city.

Based on the prices, the Department of Finance will decide how to control the factors that led to an abnormal rise in prices recently.

The rise has ceased, but prices remain high.

Best quality sand now costs VNĐ630,000-650,000 (US$27.7-28.6) per cubic metre, while it is VNĐ520,000-530,000 for lower quality sand.

The prices have gone up three-fold in the last few months in many places.

In some areas they were hiked on two or three occasions a month for the last three months, hitting many construction works.

Many construction materials shops took advantage of this to hoard other items too.

The administration has instructed the Department of Science and Technology to look for substitutes for sand in construction to limit the environmental impact caused by over-exploitation of natural sand.

Indiscriminate sand mining in rivers has caused landslides along their banks in many places including HCM City. — VNS

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This entry was posted in Môi trường - Environment, Sand mining - hút cát and tagged , , , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net). I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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