Vietnam’s cement and clinker exports are well on track to fulfil the target set for the whole year with a positive turnover of nearly 750 million USD seen in the first seven months, statistics from the General Department of Vietnam Customs showed.
Production and sales of cement and clinkers of Vietnam have risen in recent years. But to maintain the growth, experts suggested that the industry should make comprehensive reforms, apply advanced technology to improve production and optimise the efficiency of natural resources.
Besides agricultural produce, the cement sector posted phenomenal export growth in the first half of the year.
The development strategy of the cement industry by 2030 towards 2050 would ensure a balance between the supply and demand for cement.
VOV.VN - Vietnam’s cement and clinker exports for the first month of the year have seen a marked increase, according to the General Department of Vietnam Customs.
The country’s cement sector saw a successful year in 2017 as its sales reached 80 million, up 6% from last year.
The country’s cement surplus this year could be 30 million tonnes and reach 35 million tonnes by 2020 if Vietnam does not export cement.
The Manh Binh Minh construction material company held a groundbreaking ceremony on November 23 for a cement grinding station with annual capacity of 700,000 tonnes in the northern mountainous province of Ha Giang.
As the domestic cement supply has exceeded demand, exporting products is the only solution for cement manufacturers.
VOV.VN - Vietnam businesses exported more than 1.924 million tons of cement and clinker in April to get US$67.408 million, up 6.7% in volume and 7.6% in value, according to latest statistics from the General Department of Vietnam Customs.
The two biggest Thai cement companies were recently involved in million dollar takeovers of two cement companies in Vietnam, but in the face of the domestic cement glut and the bad business results of Vietnamese companies in the industry, was this really a smart move?
While Vietnam’s fruits are popular among choosy consumers in the US, Japan, the Republic of Korea and New Zealand, the products have to struggle to cement their positions in the domestic market.
VOV.VN - SCG, a leading business conglomerate in the ASEAN region, announced today (Mar. 8) that it has acquired the assets of Vietnam Construction Materials Company, Ltd. for US$156 million.
Local cement producers worry that their exported products could struggle to compete with foreign firms in term of price, a concern voiced at an online forum held in Hanoi on February 22.
VOV.VN - Vietnam domestic sector cement and clinker exports in 2016 are estimated to have fallen 7% against 2015 on the back of fierce competition with cheaper product churned out by producers in other countries.
Vietnam’s cement and clinker export volume in 2016 is estimated at about 15 million tonnes, according to the Vietnam National Cement Association.
VOV.VN - Vietnamese cement manufacturer Song Lam Cement Joint Stock Company is eyeing to export thousands of tons of clinker to Malaysia every month.
VOV.VN - Vietnam’s exports to Myanmar dipped 11.1% to US$275.2 million during the first ten months of this year, according to the General Department of Vietnam Customs.
Industry insiders are concerned the cement industry will find it hard to meet the target of selling 75-77 million tonnes of cement this year due to market difficulties.
The Ministries of Industry and Trade and Natural Resources and Environment will inspect cement manufacturing factories and thermal-power plants that pose a high risk of contamination.