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82 posts · Page 2 of 9

VICEM records 30% drop in profit in 2022

VICEM records 30% drop in profit in 2022

Vietnam’s VICEM has reported profits of VND1.53trn (US$63.9m) in 2022, down 30 per cent YoY. Revenue, meanwhile, advanced 17 per cent to VND39.45trn over the same period, report...

Vietnamese cement producers come under pressure

Vietnamese cement producers come under pressure

Vietnam's cement sector has come under pressure from falling consumption, particularly in its key export markets. Exports of clinker and cement amounted to 24.7Mt in the first 9...

VICEM goes for green

VICEM goes for green

Vietnam Cement Corp (VICEM) has used the COVID-19 period to increase its use of alternative fuels and waste raw materials. ICR highlights Tai Nguyen and Moi Truong's recent repo...

Cement producers raise prices in Vietnam

Cement producers raise prices in Vietnam

Cement manufacturers have raised prices by VND100,000-150,000 (US$4.40-6.60) /t, or by 5.5-8.3 per cent, in Vietnam, claiming production costs have risen. Ha Tien 1 Cement JSC, ...

Ha Tien sees 65% drop in 4Q net profit

Ha Tien sees 65% drop in 4Q net profit

Ha Tien 1 Cement JSC , in which Vietnam Cement Industry Corp holds a 79.7 per cent stake, reported a 65.4 per cent YoY fall in consolidated net profit to VND53.32bn (US$2.3m) in...

VICEM’s shift to sustainability

VICEM’s shift to sustainability Premium

Vietnam’s cement industry has expanded significantly over the years, leading to considerable overcapacity – a particularly challenging issue given the COVID-19 pandemic which re...