Displaying items by tag: Vietnam

Vietnam: Vietnam’s cement sector is in the midst of a turnaround, as local newspaper The Star reports that several companies published profits despite pressures from oversupply. Vicem Ha Tien Cement reported consolidated sales of over US$73.6m in the second quarter of 2025, with a net profit of US$4.41m, compared to a loss of US$0.36m in the first quarter of 2025. This marks the company’s highest profit and ends an 11-quarter run of poor results.

Revenue rose by 1% year-on-year, while net profit increased by 146%, supported by an 8.5% rise in cement consumption and lower costs from improved production cost control.

Vietnam: The National Statistics Office reported cement production of 105Mt in the first seven months of 2025, up by 15% year-on-year. Output in July 2025 rose by 22% year-on-year to 16.5Mt. Vietnam produced 184Mt of cement in 2024, up by 3.5% on 2023.

US: The government has imposed a 20% import tax on cement from Vietnam, effective from 1 August 2025, doubling the previous 10% rate, according to the Vietnam Cement Association. It said that the move would have a significant impact on cement exporters, as Vietnam is the second largest cement supplier to the US, after Türkiye. It also said that the higher tariffs would now lead to costs being passed on to consumers, with increasing cement prices in the US expected.

Vietnam: Local authorities have stated that a US$196m cement plant project in the northern Ninh Binh province has remained abandoned for 18 years. The 1.1Mt/yr Phu Son Cement Plant was launched in 2007 with plans to begin operations by 2011. Construction was halted in 2012 and never resumed, according to the Việt Nam News newspaper. The investor, Phu Son Cement JSC, chaired by a Czech national of Vietnamese origin, has not responded to government efforts since promising to restart work in 2017.

Authorities say that they have been unable to reclaim the 40-hectare site due to assets built on the land and the absence of a legal representative. Despite multiple attempts by provincial officials and ministries to resolve the matter, the project remains in limbo.

Taiwan: The Customs Administration has imposed five-year anti-dumping duties on Portland cement and clinker imported from Vietnam, according to the Taipei Times. Cement imported from Long Son and affiliate Long Son Industrials faces a 14% tariff, Thang Long Cement will be taxed at 19%, while Vissai Ninh Binh, Xuan Thanh Cement and Vicem Ha Tien Cement will be subject to a 15% rate. All other Vietnam-based producers and exporters will be taxed at 23%.

The Ministry of Finance and Ministry of Economic Affairs confirmed that companies had dumped cement and ‘caused substantial harm’ to local producers in a statement. The Ministry also found no sufficient evidence that the duties would have a markedly negative effect on Vietnam’s ‘overall economic situation.’

An investigation into dumping of cement from Vietnam began in August 2024 after the Taiwan Cement Industry Association applied for anti-dumping duties, citing suspected dumping and harm to domestic industries.

Vietnam: Vietnam produced 90Mt of cement in the first half of 2025, up by 15% year-on-year, according to the latest data from the government’s National Statistics Office. June 2025 production rose by 27% year-on-year to reach 17.1Mt in June 2025. Revised 2024 data showed full-year output at 184.2Mt, up by 3.5% year-on-year.

Vietnam: Vietnam Cement Industry Corporation (Vicem) recorded a consolidated after-tax profit of US$1.3m in the first half of 2025, following two consecutive years of losses, according to The Investor magazine. Clinker production reached 7.96Mt, up by 6.5% year-on-year, while cement exports totalled 0.71Mt. Looking ahead to the rest of 2025, Vicem expects domestic cement consumption to grow in the second half of 2025 due to increased public investment in infrastructure and recovering real estate supply, despite challenges from rain and storms in the northern and central regions, which could potentially affect demand. In addition, the industry continues to face challenges such as oversupply, price competition and changing customer preferences.

Vicem chair Nguyen Quoc Viet said that the company will focus on maintaining profitability by optimising clinker operations, enhancing efficiency and securing raw material supplies by securing a license and approval for mining exploration. It will also reportedly invest in technology upgrades and accelerate waste heat recovery power projects to reduce energy costs and CO₂ emissions.

Vicem manages 10 plants, housing 16 production lines, with an annual capacity of 20Mt/yr of clinker and 27Mt/yr of cement. It was the only one of six firms under the Ministry of Construction to report a loss in 2024, when it recorded a consolidated loss of US$55.15m.

Vietnam: Vietnam exported 2.98Mt of cement and clinker worth US$113m in May 2025, up by 17% in volume and 12% in value year-on-year, according to the government’s National Statistics Office. Between January and May 2025, exports totalled 14.18Mt worth US$523m, marking a 6% rise in volume and 2% in value year-on-year. In 2024, the country exported 29.67Mt of cement and clinker for US$1.14bn, down by 5% in volume and 14% in value from 2023.

Vietnam: The government will allocate greenhouse gas emission quotas to cement and steel plants and thermal power facilities by 31 December 2025, following a new decree issued on 9 June 2025, which takes effect on 1 August 2025. These facilities will receive quotas during the 2025–2026 period. The Ministry of Agriculture and Environment, in coordination with the ministries of industry and trade and construction, will lead the pilot proposal process and submit total allowable emissions to the prime minister for approval. Quotas for each plant must be finalised by the end of 2025. From 2027, ministries will propose lists of facilities and quotas for 2027–2028 and 2029–2030, with submissions due by 30 June of the first year of each period. The Ministry of Agriculture and Environment will allocate quotas by 31 October annually once approved.

Quotas will be based on emission intensity per unit of product, industry growth targets and each facility’s potential to reduce emissions. Facilities may trade quotas and carbon credits on the national market. The decree also revises rules on trading, borrowing, transferring and surrendering quotas. Facilities must surrender quotas equal to verified emissions, minus carbon credit offsets, by 31 December following each compliance period. Penalties and future deductions will apply to those who fail.

Vietnam: Vietnam produced 73.4Mt of cement in the first five months of 2025, up by 13% year-on-year, according to the National Statistics Office. In May 2025, output reached 17.3Mt, marking a 25% year-on-year rise. In 2024, Vietnam produced 184Mt of cement, up by 3.5% year-on-year.