[Special Topic] Operation of Vietnam Cement Market in 2023

2024-01-18 09:51:10

In 2023, Vietnam's cement demand was low, production and sales decreased, exports declined, and the market competition was fierce.

2023 is considered to be a difficult year for Vietnam's cement industry enterprises. Due to the impact of the decline in global construction demand, the real estate market has not yet shown signs of recovery, resulting in low demand for cement, supply is seriously greater than demand, and the competition in Vietnam's domestic cement industry is extremely fierce.

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Correlation

In 2023, Vietnam's cement demand was low, production and sales decreased, exports declined, and the market competition was fierce.

2024-01-18 09:51:10

On July 24, the National Cement Price Index (CEMPI) closed at 92.86 points, down 0.16% annually and 12.12% year-on-year. On July 24, the Yangtze River Basin Cement Price Index (YRCEMPI) closed at 83.99 points, down 0.34% from the previous month.