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| VICEM targets $1.4b in revenues in new year. — Photo baohaiquan.vn |
HA NOI (Biz Hub)— The Viet Nam Cement Industry Corporation (VICEM) hopes to earn more than VND30 trillion (US$1.41 billion) in revenues by selling nearly 21,000 tonnes of cement and its associated by-products in 2014.
To meet the target, the corporation will take efforts to minimise production, management and selling expenditure, while diversifying production and stepping up corporate restructuring efforts.
It will also improve business management and renew production methods in an attempt to lead Viet Nam's cement industry, especially in exports.
Defying the economic downturn, in 2013, VICEM witnessed significant growth, with clinker and cement output increasing 8.8 per cent from the previous year to over 16 million tonnes.
It generated VND30.5 trillion ($1.43 billion) in revenues and a pre-tax income of VND528 billion ($24.8 million), while contributing over VND1 trillion ($47 million) to the State budget.— VNS