Displaying items by tag: Vietnam

Vietnam: The Building Material Forum has predicted that Vietnam’s cement export volume will undergo a 25 – 30% short and medium-term decline if the government of China suspends its stimulus package on infrastructure. The Viet Nam News newspaper has reported that China’s subsidisation of infrastructure and industrial construction totalled US$163bn in 2020, up by 34% year-on-year.

Vietnam: Vietnamese first-half cement production is estimated to have risen by 8% year-on-year to 51.1Mt in the first half of 2021 compared to the same period in 2020. The Viet Nam News newspaper has reported that June 2021 cement production was 10% higher than that in June 2020, at 9.1Mt. Vietnam’s full-year cement production in 2020 was 100Mt.

Vietnam: State-owned Vicem produced 10.5Mt of cement in the first five months of 2021, an increase of 9% year-on-year. Total cement and clinker sales rose in the period by 8% to 12.8Mt, according to the Viet Nam News newspaper. The company is targeting 26Mt-worth of cement production in 2021, up by 8% year-on-year.

Vietnam: Vietnam’s cement exports totalled 14.9Mt in the first four months of 2021, up by 42% year-on-year from the levels in the corresponding period of 2020. China imported 7.38Mt (50%) of Vietnamese cement exports, up by 53% year-on-year. The Philippines imported 2.51Mt (17%), up by 17%, and Bangladesh imported 1.87Mt (13%), up by 38%.

The Viet Nam News newspaper has reported the total value of Vietnamese cement exports for the period as US$563m. China’s value of Vietnamese cement imports was US$258 (46%), the Philippines’ was US$112m (20%) and Bangladesh’s was US$63.1m (11%).

Vietnam: Vicem recorded 9.72Mt of cement production in the first four months of 2021, up by 12% year-on-year from 8.67Mt in the first four months of 2021. The Viet Nam News newspaper has reported that the company is targeting 22.0Mt of cement in 2021, corresponding to a 1% rise year-on-year. Chair Bui Hong Minh said that the growth signals the success of Vicem’s coronavirus pandemic prevention measures at meeting their aim of maintained operational stability.

Bangladesh: Cement producers are warning of price rises due to a ‘significant’ rise in international freight rates. The Bangladesh Cement Manufacturers Association (BCMA) has expressed concern about the situation, according to the New Nation newspaper. Freight rates to transport clinker from Indonesia, Vietnam or the Middle-East have increased by up to 30% in the last few months. The BCMA has called on the government to cut import duties to keep consumer prices low.

Vietnam: SSI Research has predicted that Vietnamese cement exports will not grow in 2021. The reason for this is the expected stabilisation of China’s domestic cement supply, which is forecast to increase its share of the market. The Viet Nam News newspaper has reported that China accounts for 57% of Vietnamese cement and clinker exports. Other factors restricting export growth are safeguard duties in Bangladesh and the Philippines and the Vietnam government’s mandatory minimum domestic sales regulations, variously between 65% and 70% of total output.

Vietnam: Siam City Cement subsidiary Insee Vietnam has ordered an Autopac 3000 truck loading system from Germany-based Beumer. The supplier said that the fully automated system palletises and loads cement at a rate of 3000 bags/hr.

Chief executive officer Philippe Richart said, “As we are continually implementing a fully automated dispatch process in Insee Vietnam, we will continue to look to invest in new technologies that Beumer are providing in this area.”

Philippines: Republic Cement has said that it expects the cement sector in the Philippines to grow strongly in 2021 following a 10% decline in demand in 2020. Speaking to local press, the company’s president and chief executive officer Nabil Francis said that the drop in demand in 2020 was actually less severe than the expected 15%. He added, “We strongly believe that we will get back to 2019 level in 2021. That means 12% growth compared to 2020.” Francis added that the industry is expected to sell 35Mt of cement during 2021. The main driver is the bagged cement segment, with infrastructure and the non-residential, likely to grow less rapidly.

Francis additionally said that he welcomed the Department of Trade and Industry’s investigation into alleged dumping of cement into the Philippines from Vietnam. He said that the imported cement is sold at very low prices, its production having been subsidised by the Vietnamese government. He said the influx of imported cement has injured the local industry.

Vietnam: Data from the General Statistics Office shows that cement companies produced 32.4Mt of cement in the first four months of 2020, up by 7% year-on-year. Projected April 2021 cement production is 9.40Mt, up by 17% year-on-year. The Viet Nam News newspaper has reported that the country produced 100Mt of cement in 2020.