Vietnam Cement Corp to stabilise cement prices

Vietnam Cement Corp to stabilise cement prices
Published: 02 January 2008

The Ministry of Construction has requested Vietnam Cement Corporation take measures to stabilise cement prices to avoid shocks for construction developers, state-run Vnexpress said.  
The ministry asked cement companies to develop business and distribution networks in order to reduce costs.  
“Vietnam Cement Corporation must coordinate with clinker importers to know well monthly imported volume to ensure cement amount to be produced for each region,” the ministry instructed.  
Local cement makers have raised their selling prices by between VND30,000 and VND50,000 per ton on average in the two recent months.  
Ha Tien Cement Joint Stock Company raised the prices by VND25,000 to VND1 million per ton of PCB cement 40 in mid December.  
Holcim, one of Vietnam’s leading cement makers, yesterday [December 26] increased selling prices by VND20,000 per ton to VND990,000 per ton right at its production base from January 1, 2008.  
According to the ministry, cement makers in Vietnam are estimated to turn out 3.48Mt in December, bringing the total figure to more than 36Mt for the whole year, surpassing the yearly target by 2%.  
The country’s December cement consumption is estimated at nearly 3.5Mt, a 1.5-fold increase against the previous months. 
Vietnam imported 3.65Mt of clinker to serve domestic cement production in 2007.