Vietnamese cement makers, comprising Ha Tien 1 (HT1), Ha Long, Fico, Cam Pha, Nghi Son, Thang Long and Holcim raised their ex-work cement prices by VND150,000/t (US$7.28) amid rejection of the Price Management Department.
The growing prices of input including clinker, petroleum, coal, additives and transportation were mainly attributed to the cement price hike.
This will be the third consecutive price increase since early this year with a combined increase of VND400,000/t.
Vietnam’s cement makers earlier on February increased cement prices by VND60,000/t to VND1.02m and VND80,000 to VND1.14m in the north and the south of Vietnam for the first time, respectively.
In April, the local cement makers decided to increase their prices for the second time by VND120,000/t (11.8%) in the north and VND150,000/t (10.6%) in the south.