Vietnam: Vietnam Cement Corporation (Vicem) has set a target of achieving average annual growth of around 10% in domestic cement consumption over the 2026-2030 period, as part of a wider strategy to improve efficiency and strengthen competitiveness. Vicem aims to maintain its ‘core position’ in the national cement sector in line with the building materials development strategy for 2021–2030, with a vision to 2050. Based on its consumption growth targets, the group expects its domestic market share to reach 28%-30% by 2030.
During the 2021–2025 period, Vicem recorded combined cement and clinker consumption of 129Mt and revenues of US$6.28bn. For 2026, the corporation expects domestic cement consumption to reach 22.7Mt, supported by ‘stronger’ public investment, particularly in major infrastructure projects.