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News Electricity tariff hike set to hit cement prices in Vietnam

Electricity tariff hike set to hit cement prices in Vietnam

Written by Global Cement staff 03 April 2019
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Vietnam: A 8.36% rise in electricity prices in late March 2019 is set to cause an increase in the price of cement. The Vietnam Cement Industry Corporation (VICEM) said that cement producers had also been hit by an increase in coal prices, according to the Vietnam News Agency. The rise in the price of coal follows a lack of supply from the Vietnam National Coal and Minerals Industry Holding Group (VINACOMIN) leading to producers to import coal. Cong Thanh Cement has not raise its retail prices but has charged distributors more. Nguyen Quang Cung, chairman of the Vietnam Cement Association, said that producers were not surprised by increase in electricity prices and had been preparing for it.

Published in Global Cement News
Tagged under
  • Vietnam
  • Electricity
  • Price
  • Coal
  • VICEM
  • Vinacomin
  • Vietnam Cement Association
  • GCW398
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