Cement News tagged under: Vietnam
How soon can Vietnam's cement sector emerge from its crisis?19 April 2024, Published under Cement NewsThis week the Vietnam National Cement Association (VNCA) wrote to the country's Prime Minister with proposals to relieve the build-up of inventory at plants that are running at low utilisation levels, or having to shut down due to falling cement demand. In 2023 Vietnam's 61 cement plants saw production decline to 87.8Mt, with 31.2Mt (35.5 per cent) of this being exported. This marked a 16 per cent YoY drop in output, causing many plants to halt production for six months, or remain idle for ... |
VNCA calls for government intervention in Vietnam cement industry12 April 2024, Published under Cement NewsThe Vietnam National Cement Association (VNCA) has reported that the country’s cement sector is in crisis, as a number of major players are at risk of bankruptcy or foreign acquisition, due to low production and consumption levels. Despite the country’s 61 cement production facilities having a capacity of approximately 117Mta, total consumption was only 87.8Mt in 2023, including a domestic demand of 56.6Mt. The association said, “Domestic cement consumption plummeted by 16 per cent in ... |
Vietnam clinker exports rebound strongly, but domestic weaknesses remain27 March 2024, Published under Cement NewsCement sales in Vietnam dropped sharply in February 2024, contracting 46 per cent MoM to 2,221,315t, according to the Vietnam National Cement Association (VNCA). Sales also reported a sharp 45 per cent contraction compared to a year earlier. Of the total, VICEM companies saw sales down 41 per cent MoM and 43 per cent lower YoY, to 700,572t. Other VNCA-affiliated companies report contractions of 42 per cent MoM and 48 per cent YoY, to 460,743t. Non-VNCA members reported sales of 1,060,000t, d... |
Vietnamese cement market expands 50% in January28 February 2024, Published under Cement NewsCement sales in Vietnam increased 50 per cent YoY but fell 22 per cent MoM to 4,109,509t in January 2024, reports the Vietnam National Cement Association (VNCA). Of this total VICEM sold 1,179,667t, up 35 per cent YoY, while other VNCA-affiliated companies reported a total volume of 799,842t, up 51 per cent YoY. Non-VNCA members increased their sales by 60 per cent YoY to 2.13Mt. Total exports increased by 70 per cent YoY to 3,214,354t in January 2024. Clinker exports increased by 155 per ... |
Vietnam cement sales contract 16% in 202324 January 2024, Published under Cement NewsCement sales in Vietnam declined by seven per cent to 5,295,422t in December 2023, reports the Vietnam National Cement Association (VNCA). Of this total, 1,567,174t of cement was sold by VICEM, which saw sales drop by 13 per cent YoY, while other VNCA members sold 988,248t, 17 per cent less than in December 2022. Non-affiliated cement companies saw their sales edge up by one per cent YoY as they dispatched 2.740,000t. Total exports in December 2023 declined by 16 per cent YoY to 2,571,584t... |
Vietnamese market contracts 15% in November27 December 2023, Published under Cement NewsCement dispatches in Vietnam declined by 15 per cent YoY to 4,965,222t in November 2023, according to the Vietnam National Cement Association, VNCA. Of this total, 1,525,967t was delivered by VICEM, which saw its shipments down by 15 per cent. Other VNCA members supplied 939,255t, down 20 per cent YoY, while non-members saw a 13 per cent drop in deliveries to 2,500,000t. Total exports slipped by three per cent YoY to 2,503,749t in November 2023. Clinker exports dropped 22 per cent YoYt to ... |
Vietnamese cement market contracts 18% in October24 November 2023, Published under Cement NewsCement sales in Vietnam declined by 18 per cent YoY to 4,725,367t in October 2023 when compared with October 2022, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sales fell by 18 per cent YoY to 1,481,781t while other VNCA members sold 893,586t, down 26 per cent YoY. Non-VNCA members saw sales of 2,350,000t, a decrease of 16 per cent when compared with sales in October 2022. In terms of exports, total volumes were up 26 per cent YoY to 2,661,519t in Octob... |
Vietnam’s cement market contracts 21% in 9M2323 October 2023, Published under Cement NewsCement sales in Vietnam dropped 21 per cent YoY to 4,031,951t in September 2023, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM reported sales of 1,188,851t, down 26 per cent YoY while other VNCA members saw an identical decline to 833,100t. Non-VNCA producers sold 16 per cent less with sales of 2,010,000t. Total exports increased 31 per cent YoY to 2,288,625t in September 2023. Cement exports saw a 46 per cent YoY advance to 1,394,536t while clinker expo... |
Vietnamese cement market contracts 11% in August21 September 2023, Published under Cement NewsCement sales in Vietnam declined 11 per cent YoY to 4,471,258t in August 2023 when compared with August 2022, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM reported sales of 1,375,727t, down 12 per cent YoY, while other VNCA member companies saw sales fall by 16 per cent YoY to 995,531t. Non-VNCA member sales decreased by nine per cent YoY to 2,100,000t in August 2023. Exports Total exports in August 2023 declined 17 per cent YoY to 2,706,159t. Cement ... |
Vietnam's producers struggle for profitability18 August 2023, Published under Cement NewsSoutheast Asia is becoming a difficult market for cement producers to make a profit. Surging production costs, sluggish consumption, and reduced prospects at home and abroad stifled any chance of high margins in the 1H23. Meanwhile, export markets are becoming more restricted. On top of China's reduction of imports, Australia has started to review the possibility of a cross-border adjustment mechanism (CBAM) implementation following Europe's lead to protect against carbon leakage. Domest... |