Cement News tagged under: Vietnam
Vietnam considers higher cement export tariff20 July 2021, Published under Cement NewsVietnam’s Ministry of Finance (MoF) has reportedly proposed that the government consider increasing the export tariffs for clinker to 10 per cent from five per cent, according to Vietnam News. The MoF explained that exports of cement and clinker are not sustainable as their production uses non-renewable sources. Cement and clinker producers in Vietnam are also making use of a low electricity tariff. |
Vietnam’s export boost22 June 2021, Published under Cement NewsVietnam’s total cement and clinker sales expanded by 0.9 per cent YoY in 2020 to 97.5Mt, according to FiinGroup. Of this total, domestic cement consumption was 62.1Mt, declining by 5.6 per cent YoY. Meanwhile, clinker and, in particular, cement exports remained strong, surging by 14.9 per cent compared to a year earlier. Both the positive long-term outlook for Vietnam’s cement market as well as the ability to export to overseas destinations bode well for domestic cement ma... |
Vietnam market expands 16% in April14 June 2021, Published under Cement NewsCement dispatches in Vietnam reached 6.551Mt in April 2021, up 16 per cent YoY, according to the Vietnam Cement Association (VNCA). VICEM reported a 17 per cent YoY rise in sales to 2.26Mt while its affiliated companies saw a six per cent YoY uptick to 1.661Mt. Other Vietnamese producers supplied 2.63Mt, up 22 per cent when compared with April 2020. Exports advanced 79 per cent YoY to 4.323Mt in April 2021. Of this total 2.826Mt was clinker, which saw a 17 per cent YoY hike, and 1.498Mt wa... |
Vietnam's cement exports surge while domestic prices rise01 June 2021, Published under Cement NewsVietnam's Department of Building Materials, Ministry of Construction, reports that in the first four months of 2021, the country’s consumption of cement products is estimated to reach 34.58Mt, up 16.5 per cent YoY. Domestic consumption accounted for around 19.44Mt, a slight increase over the same period last year, while cement exports surged to 65 per cent over 2020 to 15.14Mt. Besides gains in consumption, many cement companies also raised product prices. Accordingly, Vicem Hoang Ma... |
Philippines' DTI to begin anti-dumping investigation into Vietnamese imports28 April 2021, Published under Cement NewsThe Philippines’ Department of Trade and Industry is expected to begin investigating allegations of cement dumping from Vietnam, following applications by three local manufacturers, according to the Manilla Standard. Cemex Philippines, Holcim Philippines and Republic Cement all applied for an anti-dumping investigation into cement products imported from Vietnam. The investigation will cover cement imported from July 2019 to June 2020, while the period of investigation for injury to the sec... |
Vietnam prices up as costs increase26 April 2021, Published under Cement NewsSelling prices of cement in Vietnam have recently increased by VND30,000-40,000 (US$1.29-1.72)/t as production costs have increased, according Luong Duc Long, vice president and general secretary of the Vietnam National Cement Association. Local cement producers have considered raising the price since the end of 2020 as raw material, labour and freight costs have continuously increased. The retail price of cement in Vietnam’s northern region is VND1.2m-1.3m/t while in the south it is VND... |
Vietnam sales slip 9% in March20 April 2021, Published under Cement NewsCement sales in Vietnam slipped nine per cent YoY to 5.903Mt in March 2021, according to the Vietnam National Cement Association (VNCA). Sales by VICEM and its affiliates were down by 12 per cent YoY to 1.966Mt and 1.557MtMt, respectively while other cement producers saw a five per cent decrease in sales to 2.38Mt. Total exports advanced 75 per cent YoY to 4.672Mt, mainly supported by a 19 per cent rise in clinker sales to 3.177Mt. China was the largest purchaser of clinker in March, foll... |
Central America sees dramatic rise in Vietnamese cement imports08 April 2021, Published under Cement NewsCentral American cement imports have grown the most in recent years from Vietnam, given that in 2016 no significant purchases were reported, Vietnam raised its share to 30 per cent of the total cement imported between January and September 2020. During the first nine months of 2020, Turkey accounted for 18 per cent of cement imports to the region, Mexico eight per cent, Barbados four per cent, South Korea two per cent, Peru one per cent, Colombia one per cent and the United States one per... |
Vietnam’s cement and clinker exports up 22%06 April 2021, Published under Cement NewsCement and clinker exports increased by 22.5 per cent YoY to over 8Mt in the year up to 15 March 2021, according to the latest data from the General Department of Vietnam Customs. In terms of value, there was a 14 per cent YoY rise to US$295m. However, average prices dropped 6.7 per cent YoY to US$36.40/t. A drop in average cement and clinker prices in China led to a decline in Vietnamese prices from US$40/t to U$32-33/t since late 2020. |
China's imports from Vietnam rise 36%30 March 2021, Published under Cement NewsChina, the Philippines and Bangladesh were the biggest importers of Vietnamese cement in the first two months of 2021, according to the General Department of Vietnam Customs. China imported 2.43Mt of cement worth US$79.91m, up 36.1 per cent YoY and 22.8 per cent in volume and value, respectively. The volumes accounted for 40.6 per cent of Vietnam’s total export volume and 36.8 per cent of the country’s cement export value during the 2M20. The Philippines imported 1.1Mt at a value of US... |