Cement industry struggles amid weak demand, intense Chinese competition

Friday, Sep 06, 2024

With the Chinese real estate market stagnant, Chinese cement surplus is set to compete with Vietnamese cement in export markets like the Philippines, Central America and South Africa. This competition is straining the health of cement firms, a trend likely...

Cement industry expected to bounce back in 2024

Thursday, Feb 15, 2024

Cement producers are trying to expand their markets, shifting to several outlets such as the US, Australia, North America, South America and Africa, to reduce dependence on China and take full advantage of the industry which can provide up to 120 million tonnes...

Cement industry suffers financial losses during Q1

Thursday, Jun 01, 2023

Decreased demand and increased costs have put cement makers in a difficult spot financially during the first quarter of 2023, said industry insiders and experts.

Faster disbursement of public investment boosts cement industry

Wednesday, Aug 17, 2022

The recovery of the economy, along with the Government''s acceleration of the disbursement of public investment capital are favourable factors for the development of the domestic cement industry.

Cement industry: domestic sale forecast to increase but export to slowdown

Sunday, Jan 10, 2021

The cement industry is forecast to see a significant increase in domestic sales in 2021, driven by investment in infrastructure, foreign direct investment inflow and the recovery of the real estate market.

Maintaining exports critical to cement industry this year

Tuesday, Jan 21, 2020

Maintaining exports would be critical for the cement industry amid rising production output and anticipated sluggish domestic sales this year.

Viet Nam gains record in cement exports

Thursday, Jan 09, 2020

Viet Nam’s cement industry in 2019 continued gain billions of US dollars in export value, according to the Ministry of Industry and Trade.

Vicem misses US$50.3 million in corporate valuation

Friday, Sep 06, 2019

The pre-equitisation valuation of the Viet Nam Cement Industry Corporation (Vicem) done by the independent auditor was off by nearly VND1.17 trillion (US$50.3 million).

Cement sector looks set to continue growth

Wednesday, Jul 10, 2019

The prospects of cement enterprises in the second half of the year will continue to improve, especially during the construction season at the end of the year.

Electricity hike hits industry hard

Wednesday, Apr 03, 2019

Vietnamese manufacturers are set to increase their selling prices following the 8.36 per cent hike in electricity price that launched from March 20.  

Cement Corporation sets revenue target

Tuesday, Jan 08, 2019

Viet Nam Cement Industry Corporation (VICEM) targets a net revenue of VND40 trillion (US$1.72 billion) this year, a level that would mark a year-on-year increase of 10 per cent.

Cement industry surpasses 85 million tonne target

Monday, Nov 05, 2018

High demand, especially in global markets, have helped the cement industry surpass its annual sales target of 83-85 million tonnes in just ten months.

Cement industry records impressive export growth

Tuesday, Sep 04, 2018

The domestic cement industry achieved impressive results in exports over the first eight months of this year to reach the target for the whole year.

Cement exports record strong growth in H1

Thursday, Jun 28, 2018

Viet Nam’s cement consumption continued to register strong growth in the first half of this year, especially cement exports, according to the Ministry of Construction.

Cement strategy must ensure balance of supply, demand

Friday, Jun 22, 2018

The strategy on the development of cement industry by 2030 towards 2050 would ensure a balance between the supply and demand for cement.