Cement and clinker consumption in the country from the outset of this year grew over 15 percent to 24 million tonnes, meeting 32 percent of the whole year’s target.
Hanoi (VNA) – Cement and clinker consumption in the country from the outset of this year grew over 15 percent 💃to 24 million tonnes, meeting 32 percent of the whole year’s target, according to the Department of Building Materials under the Ministry of Construction.
Local consumption in April alone reached 6.07 million tonnes, surging 17 percent compared to the same month last year.
Of the total, 2.4 million tonnes of cement were sold by the Vietnam Cement Industry Corporation (Vicem), 31 percent higher than its sales in the corresponding period in 2015.
Meanwhile, cement export remained stable with 5.15 million tonnes, a year-on-year increase of 0.4 million tonnes, 1.06 million tonnes of which were shipped abroad by Vicem.
According to the Department, thriving cement consumption in Q2 was spurred by improvements in the real estate market. However, cement prices still stay stable, it said.
The cement industry sector plans to produce 75-77 million tonnes of cement this year.-VNA
General Director of the Vietnam Cement Industry Corporation (VICEM) Tran Viet Thang has asked member cement companies to boost domestic consumption by at least 10 percent this year.
Thailand's Siam Cement Group, which has invested 700 million USD in Vietnam since 1992, plans to expand its operations in the country, especially in the cement and upstream petrochemical sector.
The Xuan Thanh Cement Joint Stock Company, a member of Xuan Thanh Group, will export 20 million tonnes of cement to South Africa over the next 10 years, under a recent agreement signed in Hanoi.
The cost of building houses is expected to increase due to the recent rise in steel prices, which will in turn likely cause a spike in home purchase prices.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Local cement consumption surges (Photo: VNA)
