Vietnam producers likely to raise prices by 12-15%

Vietnam producers likely to raise prices by 12-15%
Published: 11 April 2011

Cement producers in Vietnam are likely to raise prices between 12-%, Nguyen Van Diep, an official of the Vietnam Cement Association said.

The hike is attributed to the increasing prices of input materials including petroleum, coal and power, the Thoi bao kinh te newspaper quoted
Diep as saying.

The biggest difficulty for local producers is currently power shortage, Diep said, adding that current power just meets only 70 per cent of the sector’s demand.

Cement prices in northern provinces are estimated at between VND1.15m (US$55) and VND1.3m/t, Diep forecast.

Meanwhile, prices in the south are likely to be higher at between VND1.25m and VND1.55m/t due to clinker imports from overseas, Diep added.