Despite the approaching official operational roadmap for the Carbon Border Adjustment Mechanism (CBAM), misinformation persists, preventing businesses from fully understanding its implications, which in turn leads to ineffective strategies and resource wastage.

Vicem Ha Tien Cement Joint Stock Company (Vicem Ha Tien) has announced that its first batch of cement exported to the US will arrive at Guam port later this month.

Xuan Thanh Cement Joint Stock Company exported 55,000 tonnes of its cement to the US, and the shipment is scheduled to arrive in the foreign market by the end of August.

The Vietnam Cement Industry Corporation (VICEM) will ship a total of 6 million tonnes of cement and clinker to the Philippines from 2023-2025, as its demand for construction materials of various kinds is huge.

The cement production industry expects to promote domestic consumption because it is finding difficult to boost exports.

Mounting fuel and coal costs have been added to cement producers' bills, leaving them no choice but to increase prices.

Cement, tile and construction glass are seeing excess supply over demand, according to the Ministry of Construction.

The Vietnam Cement Industry Corporation (VICEM) produced and sold 9.72 million tonnes of cement from January to April, a year-on-year rise of 12.1 percent amid the complex developments of COVID-19.

A development strategy is being drawn up for the building material industry for 2021-2030, with a vision to 2050, as the management and development of the sector are still facing a number of shortcomings.

Vietnam exported 7.5 million tonnes of cement and clinker in the first quarter of this year, earning 291 million USD, reported from the Ministry of Industry and Trade.

Vietnam exported 5.37 million tonnes of cement and clinker in the first two months of 2019, raking in 228 million USD, year-on-year increases of 7.4 percent in volume and 29.9 percent in value.

Demand for cement and clinker is expected to increase marginally to 98-99 million tonnes, according to the Ministry of Construction.

The local building material market saw stable and good growth in the first months of 2018, meeting the demand of consumers.

The 6th meeting of the Vietnam-Czech Republic inter-government committee on economic cooperation took place in Hanoi on April 11 to discuss measures for creating breakthroughs in bilateral economic ties.

Domestic cement consumption fell in March, while cement exports had growth against the same period last year, according to the Ministry of Construction.

The domestic building material market remained stable in the first nine months of this year, according to the Ministry of Construction.

The imposition of 5 percent export tax on cement is weighing down the industry, which has been facing a severe surplus of supply over demand in the local market.

The domestic building material market was stable in the first four months of the year and continued to meet demand, said the Ministry of Construction.

Construction work of Minh Tam Cement Plant in the southern province of Binh Phuoc began on Jan2. Prime Minister Nguyen Xuan Phuc attended the event.

Vietnam’s cement and clinker export in 2016 is estimated at some 15 million tonnes worth 556 million USD.