Displaying items by tag: Ha Tien 1 Cement Company

Vietnam: VICEM Ha Tien Cement recorded a net loss of US$374m in the first quarter of 2025, down from US$952m a year earlier, despite an 11% rise in cement consumption and a 6% increase in revenues to US$61.2m, according to the Vietnam National Cement Association.

The company targets 5.83Mt of cement and 530,000t of clinker sales in 2025, aiming for US$276m in revenue and US$7.1m in profit, which it will reportedly achieve through tightening cost control and diversify output.

Vietnam/US: Several Vietnamese cement companies, including Long Son Cement, Nghi Son Cement, Vicem Ha Tien Cement, Thanh Thang Cement, and Xuan Thanh Cement, raised their exports to the US in early 2024. The reasons for the increase include an ongoing local shortage in the US, Việt Nam News has reported.

In 2023, Vicem Ha Tien Cement and Nghi Son Cement made their first shipments of cement to the US, averaging 40,000t per shipment. Vietnam's cement industry, with a production capacity of 120Mt/yr, is experiencing a surplus of 60Mt. To address this, producers have increased their exports, with the majority of sales going to China, the Philippines, Bangladesh, Taiwan and some Middle Eastern countries.

Vietnam: Brokerage company Mirae Asset Securities Vietnam (MASVN) expects cement producers that specialise in exports to switch to the domestic market due to reduced demand in China. The export market to China has slowed down due its Zero-Covid policy and a reduced real estate market, according to the Viet Nam News newspaper. Major local exporters include Vissai Ninh Binh, Hoang Mai and Thanh Thang. China accounted for 40% of Vietnam’s cement exports in 2021. If these companies switch to the local market then it is expected to create more competition for producers that are more domestically aligned, including Vicem Ha Tien, FICO and Holcim Vietnam