Cement News tagged under: Vietnam

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Vietnam producers target higher cement exports

10 July 2019, Published under Cement News

Vietnam's cement industry is targeting exports of 25Mt in 2019, while domestic production is likely to top 70Mt, according to Vietnam Cement Association (VNCA) Chairman, Nguyen Quang Cung. Vietnam's cement sector has been expanding with much of the new capacity in the central part of the country as Tháhn Thang Group Cement JSC, Vissai Group, ThaiGroup Corp (formerly Xuân Thanh Group) and Long Son Co Ltd chase higher sales volumes. The export business has supported utilisation rates and t...

Cement production in Vietnam rises 12% in June

01 July 2019, Published under Cement News

Vietnam reportedly produced 8.3Mt of cement in June, an increase of 12.4 per cent YoY, according to data from the government’s General Statistics Office (GSO). Production for the first half of 2019 rose 7.4 per cent YoY to 47.6Mt.

Vietnamese cement dispatches fall in May

25 June 2019, Published under Cement News

Domestic cement dispatches in Vietnam fell six per cent YoY and seven per cent MoM to 5.929Mt in May 2019, according to the Vietnam Cement Association (VNCA). Of this total, 2.014Mt were delivered by VICEM and 1.625Mt by its associated companies, representing YoY decreases of seven and 10 per cent, respectively and MoM declines of three and nine per cent, respectively. Other Vietnamese cement producers accounted for 2.29Mt of domestic dispatches. In addition, around 2.545Mt of cement and c...

Xuan Khiem Group seeks approval for new 2.3Mta plant

24 June 2019, Published under Cement News

Vietnam’s Xuan Khiem Group is seeking approval from the prime minister to build a new 2.3Mta facility in Hoa Binh province at an investment of VND4.99trn (US$214.16m), according to Vietnam News. The Xuan Son project is scheduled to complete in 2020, with the plant expected to cover 38ha of land in Yen Thuy district. At the end of last year, the company signed a Memorandum of Understanding with the People’s Committee of Hoa Binh to build the plant.

VICEM reports 5% rise in 1H sales

20 June 2019, Published under Cement News

State-owned Vietnam Cement Industry Corp (VICEM), the country’s leading cement producer, is estimated to have sold 14.98Mt of cement and clinker in the first half of 2019, representing a five per cent YoY increase. The total includes 13.1Mt of cement, up 11.4 per cent YoY, and 1.87Mt of clinker, a 25 per cent YoY drop. In the 1H19 VICEM’s pretax profit is estimated to have surged 62.3 per cent YoY to VND1.66trn (US$71.2m) on a revenue of VND17.64trn, up 4.3 per cent YoY, according to Vie...

Vicem Hoang Mai to build 3Mta plant in Nghe An

19 June 2019, Published under Cement News

Vicem Hoang Mai Cement JSC plans to build a 3Mta cement plant in Vietnam’s central province of Nghe An. Covering 60ha in the Hoang Mai 2 Industrial Zone, the project represents an investment of VND6.67trn (US$286m) and is expected to create 500 local jobs. During a meeting in May, the chairman of the provincial People's Committee, Thai Thanh Quy, granted approval in principle for the investor to develop the plant, which is part of the development strategy for the cement industry to 2030,...

Cement prices rise in Vietnam

13 June 2019, Published under Cement News

Cement producers in Vietnam have reportedly begun to hike prices due to rising electricity prices at the peak time for construction, according to Vietnam News. SCG Vietnam has announced to its distributors that its cement prices would increase by VND29,700/t (US$1.27/t) including VAT, starting this Sunday. Vicem Hoàng Mai Cement also increased prices by VND30,000/t from the start of June. Nguyen Van Sua, vice chairman of the Vietnam Steel Association, has stated that the cost of power has...

Vietnam's cement exports rise 4% in 5M19

12 June 2019, Published under Cement News

Vietnam exported 13.82Mt of cement worth US$589.95m in the 5M19, an increase of four per cent YoY in volume and 23.2 per cent in value, according to the General Department of Vietnam Customs. The country’s cement exports are expected to hit a target of 25Mt in 2019. Elsewhere, Nguyen Van Cung, chairman of Vietnam Cement Association (VNCA), has stated that the country’s domestic industry requires the participation of large players and firms to help lower production costs, raise labour produc...

Vietnamese clinker imports to China increase in 1Q19

03 June 2019, Published under Cement News

Vietnamese cement exporters are starting to take significant market share in China as they succeed in undercutting domestic producers. Imports of clinker surged by more than 150 per cent in the first four months of 2019 to 5.69Mt on the back of China's housing boom. These imports accounted for 1.4 per cent of China's clinker. The increase in imports has lowered the cost of cement by CNY40/t due to lower labour costs and excess capacity in the market. Housing construction in China has incre...

Vietnamese market contracts 13%, but exports rise in April

24 May 2019, Published under Cement News

Vietnamese cement sales fell by 13 per cent YoY and seven per cent MoM to 6,316,583t in April 2019, according to the Vietnam National Cement Association (VNCA). Of this total VICEM plants sold 2.158Mt, or three per cent less when compared with April 2018. Sales were down eight per cent from 2.338Mt in March 2019. VICEM joint ventures saw their sales slip by four per cent YoY and by eight per cent MoM to 1.799Mt during the same period. Vietnam’s other cement producers reported a 19 per cent...