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News Vietnamese official links low export price to quality

Vietnamese official links low export price to quality

Written by Global Cement staff 21 November 2018
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Vietnam: Associate Professor Dinh Trong Thinh, of the Academy of Finance – part of the Ministry of Finance, has conceded that exported cement from the country has a low price due to the poorer quality of some of its product. In an interview with the ministry’s press service, Vietnam Economic News, he said that some smaller and medium-sized cement producers use old technology such as shaft kilns, according to Việt Nam News newspaper. He added that local producers were forced to export cement at lower prices than it is sold domestically to reduce inventory. He noted that this was not sustainable in the long run due to production costs and overseas competition.

Published in Global Cement News
Tagged under
  • Vietnam
  • Ministry of Finance
  • GCW380
  • Export

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