The Vietnam Report JSC on April 1 released its annual rankings of the most reputable construction material companies for 2026, with the award ceremony scheduled for later this month in Ho Chi Minh City.

A Hoa Phat steel factory.

The top 10 list features Hoa Phat Group, Viglacera Corporation, Hoa Sen Group, Tien Phong Plastic JSC, Vicostone JSC, An Cuong Wood JSC, Binh Minh Plastics JSC, Nam Kim Steel JSC, Ton Dong A Corporation and A My Industrial JSC.

The rankings break down into top five across key categories of iron, steel and coated sheet; tiles and stone; construction glass; door and partition systems; along with interior and finishing solutions, and electrical cables.

Vietnam Report’s evaluation drew on an independent study using scientific and objective criteria, awarding companies that have demonstrated strong performance in product supply, kept their positive reputation intact with the public and investors, stayed financially solid, and reinforced market positions after tough years.

General Director of Vietnam Report Vu Dang Vinh said the sector is showing real signs of life after a prolonged slowdown.

As the broader economy is gradually becoming stable, public cash started flowing again into big infrastructure projects, and builders rushed to spend it. Demand for steel, cement, sand, stone, and finishing materials jumped in 2025 compared to the previous year.

The recovery became more evident in the second half of 2025, especially during the traditional peak construction season in the second half, when the construction frenzy hit full throttle.

According to the Ministry of Finance’s National Statistics Office, output of several building material categories improved in 2025 although growth remained moderate.

Cement and clinker production rose by around 3–4% while construction steel output hiked by some 6–7%, mainly driven by infrastructure and residential construction demand.

Finishing materials such as tiles, sanitary ceramics and construction glass also posted better consumption, signalling a gradual pickup in the construction and real estate sectors.

Building material prices edged up 5–10% from a year earlier on average on stronger demand even as energy, transportation and raw material costs stayed high.

However, the recovery remains uneven and faces notable headwinds. Force majeure risks, particularly natural disasters and extreme weather, rank among the biggest concerns for industry players.

A survey cited by Vietnam Report found that 91.7% of enterprises viewed them as considerably disruptive to operations.

Last year, prolonged heavy rains and flooding in several regions wrecked roads, delayed projects, and brought factories under water. Some plants had to shut down completely after floodwater ruined raw materials and finished goods, piling on extra costs and headaches.

According to Vinh, factories are still running well below capacity, most hovering around just 60% of what they’re built to handle. This means competition pressure in the industry remains high, forcing companies to slash costs and scramble for smarter ways to stay profitable.

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