Thanks to China's Staggered Production, Vietnam's Export of Cement Soars by 8.7 Times

Recently, Vietnam Cement Industry Corporation held the 89th anniversary of Vietnam Cement Industry Tradition Day. In his speech at the ceremony, Vietnam's Minister of Construction, Pham Hong Ha, recognized the contribution made by Vietnam Cement Industry Corporation in 2018 and stressed that the company should grasp the situation in 2019 so as to increase investment and promote production and operation activities.

In 2019, Vietnam Cement Industry Corporation will strive to produce and sell 31 million tons of cement, with a year-on-year increase of 6%; its operating revenue will reach 40 trillion Vietnamese Dong (about 9.2 billion US dollars), with a year-on-year increase of 10%, and its 税前利润达3.2 will reach 1 trillion Vietnamese Dong (about 139 million US dollars).

In 2018, the company's sales volume reached% of 29.2 and% of 完成计划的104.3, up nearly 10% year-on-year (cement exports reached 24.6 million tons, an increase of 8.7 times). Revenue reached VND 37 trillion, up 10% year on year; pre-tax profit reached VND trillion 2.81, up 11% year on year.

In order to achieve the proposed goals, Vietnam Cement Industry Corporation should continue to increase investment, improve production efficiency, optimize production management and save resources. Statistics from

Vietnam's General Administration of Customs show that in the first seven months of 2018, the total export volume of cement and slag increased significantly year-on-year, reaching 17.65 million tons and US $billion 6.563, respectively, with a 增幅分别为63.2 of% and 73.4%. Export prices of

cement and slag increased by 6.3 percent to US $每吨平均价格为37.2. Bangladesh is Vietnam's largest market for cement and slag, accounting for 23.3 percent of Vietnam's total cement exports. In the

first seven months, the export volume and value of Vietnam's cement to the Chinese market were 80 times and 90 times of the same period last year, respectively, reaching 4.52 million tons and a 1.59 of more than US $billion, with a 占越南水泥出口总量的25.6 of% and accounting for 24.1% of the total export volume, making it the second largest sales market for Vietnam's cement and slag.

Based on the fact that peak staggering production has become a medium and long-term measure in China, the import demand for cheap cement may expand accordingly. In this case, the cement industry in Vietnam and other neighboring countries has become the biggest beneficiary.