Cement News tagged under: Vietnam

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Vietnam calls on producers to report on export activities

22 May 2013, Published under Cement News

Vietnam’s Ministry of Construction is urging cement producers to report on their export activities and cooperate fairly to prevent further losses. According to reports by Vietnam NewsBrief service, the move follows a request by Prime Minister Nguyen Tan Dung for the government ministries of Construction, Industry and Trade as well as the Vietnam Cement Association (VNCA) to boost the value of clinker and cement exports. Local cement producers are now being called upon to report on ceme...

Vicem sales up 14.8% in first four months, Vietnam

10 May 2013, Published under Cement News

State-owned Vietnam Cement Industry Corporation (Vicem) sold 6.94Mt of cement and clinker in the first four months of this year, rising by 14.8 per cent YoY. Of the total, 6.9Mt of cement and clinker was sold in the domestic market, up 21.7 per cent YoY, while 41,000t of cement was exported, a rise of nine per cent, the corporation said on its website late Wednesday. In April, the corporation sold 1.94Mt of cement and clinker, up 3.7 per cent YoY, of which 1.5Mt of cement and 377,000t ...

Vietnam production rises 4.6%, Jan-Apr 2013

26 April 2013, Published under Cement News

Cement production in Vietnam is estimated to have reached 17.9Mt of cement in the first four months of this year, up 4.6 per cent from a year earlier, the General Statistics Office (GSO) said. In April, the country’s cement output is likely to rise by 8.5 per cent YoY to 5.4Mt, the GSO said in its monthly report. The government-run office revised up the country’s cement output in the first quarter of this year to 12.5Mt from the earlier estimate of 12.4Mt.

Vietnam first-quarter cement sales slip

19 April 2013, Published under Cement News

Vietnam sold 9.48Mt of cement in the first quarter of this year, down slightly from 9.57Mt in the same period of last year, the Ministry of Construction (MoC) said. The decline was attributed to a stagnant real estate market, according to the MoC. The three-month figure accounted for 19.5 per cent of the country’s full-year target, the ministry said on its website late Wednesday. In the first quarter, the country exported 1.46Mt of cement and clinker, including 320,000t of clinker. ...

Vicem sales rise 19.2% in first three months of year

16 April 2013, Published under Cement News

Vietnam’s leading cement producer Vietnam Cement Industry Corp (Vicem) reported a 19.2 per cent YoY rise as domestic shipments increased but exports declined. The state-run cement corporation said it sold 4.91Mt of cement and clinker in the first quarter of 2013, rising 19.2 per cent YoY. Of the total, 4.87Mt was sold in the domestic market, up 28 per cent YoY, while 44,000t of cement was exported, down 22.8 per cent YoY, the corporation said on its website. In March, Vicem 2.06Mt of ce...

Phu Son added to list of Vietnam investment projects

15 April 2013, Published under Cement News

The Phu Son cement plant in the northern province of Ninh Binh has been added to the list of projects to be invested in for the 2012-15 period by Vietnamese Prime Minister Nguyen Tan Dung. Phu Son cement plant is located in Nho Quan district, Ninh Binh province and has a total investment of US$136.3m and production capacity of 1.2Mta. Construction of the plant, which began in 2011, is expected to complete in two years, Vietnam News Brief Service reports. The government leader earlie...

Vinaconex plans to sell stake in Cam Pha Cement, Vietnam

12 April 2013, Published under Cement News

Vietnam Construction and Import-Export JSC (Vinaconex), plans to sell a 70 per cent stake in Cam Pha Cement JSC as it continues with its plan to divest in non-core operations. Vinaconex is seeking shareholders approval to sell the shares to foreign partners at below the par value of VND10,000 each, but not lower than Cam Pha’s book value. According to local press reports, two companies have expressed an interest in buying shares in Cam Pha Cement. Last year, the company posted a loss o...

Association warns of industry losses through exports, Vietnam

12 April 2013, Published under Cement News

Despite the Vietnamese government calling for the domestic industry to increase exports, the chairman of the Vietnam Building Association has called for local producers to cooperate in a fair pricing environment to prevent further losses. Last year producers were reported to have incurred a loss of US$80m as volumes were sold at below floor prices to undercut each other, said Mr Huynh, chairman of the association. According to him, local firms sold their products at US$40-45/t, incurring ...

Vietnam cancels nine proposed cement projects

08 April 2013, Published under Cement News

Nine proposed cement projects in Vietnam are to be cancelled by the government following calls by the Vietnam Building Materials Association to help bring cement capacity more in line with market trends. According to reports by Vietnam News Brief Service, the projects cancelled by Vietnamese Prime Minister Nguyen Tan Dung, include Ha Tien-Kien Giang, Truong Son- Ro Li, Hop Son, Ngoc Ha, Vinafuji Lao Cai, Thanh Truong, Son Duong, Quang Minh and Cao Bang. Each was reported to have a capacit...

Vicem Hoang Mai Cement posts first-quarter loss

04 April 2013, Published under Cement News

Vicem Hoang Mai Cement JSC (HOM) has posted a first quarter loss of VND10bn (US$476,100) attributed to increased costs. The company closed 2012 with a net profit of VND112.72bn (US$5.39m) on revenue of VND1.53trn last year, down 13 per cent and up 8.07 per cent YoY, respectively. HOM is seeking approval from its parent company, Vietnam Cement Industry Corporation o revise up its 2013 pretax profit target by 4.65 per cent to VND90bn (US$4.29m) from the initial VND86 billion.