Vicem reacts to electricity price increase by upping cement prices

Cement prices are on the up in Vietnam following the 8.4 per cent hike in electricity prices from 20 March. Vietnam Cement Industry Corporation (Vicem) has reacted by raising its cement price by VND30,000/t (US$11.29/t).

Don Tien Trinh, Vicem But Son's general director, said the price of coal has also risen by between 2.3 and 5.8 per cent depending on the type of coal.

Cong Thanh Cement JSC in the central region has not raised retail prices but has charged distributors an additional VND30,000/t.