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Official Statement from the Board of Directors of Minh Duc Group on Market Fluctuations in Material Costs.

Hanoi, March 6, 2026

Dear Valued Customers and Partners,

In the construction industry, every project is shaped not only by materials and engineering expertise, but also by a foundation of trust. Therefore, we always regard transparency and responsibility toward our customers as the foremost principles guiding every decision we make

In recent times, the market has witnessed a significant increase in fuel prices as well as the costs of many key construction materials. With common increases ranging from approximately 2% to 10%, these fluctuations have inevitably affected transportation expenses, material costs, and the overall input costs of construction projects.

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In response to these market fluctuations, we have chosen a direct and transparent approach: proactively keeping our valued customers informed of the current market situation, while making every possible effort to optimize our internal operations in order to minimize the impact on project costs.

For quotations that were submitted to our valued customers prior to the recent market adjustments but have not yet been formalized through an official contract, we will continue to prioritize maintaining the agreed terms, to the extent possible, until March 10, 2026. However, in certain necessary cases, pricing may need to be updated in accordance with the current market rates of construction materials, in order to ensure construction quality, project timelines, and the technical standards we have committed to delivering.

We firmly believe that transparency, honesty, and a spirit of cooperation are the foundation for building lasting relationships. Therefore, any adjustments, should they arise, will always be communicated clearly and discussed in detail in the spirit of working together to achieve the most optimal solution for the project.

In the face of ongoing market fluctuations, we are even more grateful for the trust and confidence of our valued customers. That trust serves as the driving force for us to remain steadfast in our commitment: every project we undertake must be worthy of the confidence placed in us.

HEADQUARTERS

Address: Minh Duc Building, 301 Phuc Loi Street, Phuc Loi Ward, Hanoi.

Hotline: (+84-24) 3657 4146

Email: info@minhduccorp.com.vn

SOUTHERN BRANCH

Address: 40 Vu Tong Phan Street, 21st Street, Binh Trung Ward, Ho Chi Minh City.

Hotline: 028.6658.4123

CENTRAL VIETNAM BRANCH:

Address: Lot 26-28, B3, Golden Hills, Hai Van Ward, Da Nang City.

Hotline: (+84-236) 6253668

CAMBODIA BRANCH:

Address: 10A1, Street No. 1, Phnom Penh Thmey, Sen Sok, Phnom Penh.

Hotline: +855 97 550 6662

LEOSTONE STONE AND TILE WAREHOUSE:

Address: 4 Chu Van An Street, Ha Dong Ward, Hanoi.

Hotline: 0965630220 - 0353575757

SOUTHERN WAREHOUSE

Address: National Highway N2, Hamlet 1B, Duc Hoa Commune, Tay Ninh Province.

Hotline: 028 6658 4123

FRENCH BRANCH:

Address: Bâtiment 12, 4 Route de Gisy, 91570 Bièvres 


Hotline: (+33) 658 984 733 


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