Displaying items by tag: Vissai Ninh Binh Group

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

Vietnam: Vissai Ninh Binh Group has signed a contract with a French partner to export 1.5Mt of clinker to Ciment de Bourbon to serve to expressway road project on the French island of Réunion. This is the biggest contract that Vietnamese cement producers have secured to date, said Vissai Ninh Binh Group's deputy director Nguyen Tien Dat.

The clinker will be shipped at a price of US$42/t under the contract that will be effective for five years, the deputy director said. He noted that the firm has carefully considered the prices to avoid the negative impact driven by the fluctuations in prices of transportation.