After two consecutive years of losses, Vietnamese cement giant Vicem finally turned a profit in the first half of 2025, with a consolidated after-tax profit of more than 34 billion Vietnamese Dong ( $1.3 million). Its domestic market share rose to 27.41%, with a slight year-on-year increase of 0.76 percentage points; clinker output was nearly 7.96 million tons, with a year-on-year increase of 6.5%, and 49.5% of the annual target was achieved; cement export was 713,000 tons. Pre-tax profit of the parent company was VND 192.7 billion (US $7.36 million), an increase of VND 320.3 billion (US $12.23 million) over the same period last year.
Looking forward to the second half of the year, Vicem expects that domestic cement demand will continue to pick up due to the acceleration of public investment such as transportation infrastructure, and real estate supply is expected to gradually pick up with the resolution of legal bottlenecks. However, the early arrival of the rainy season and storms in the north and central regions may inhibit regional construction, and demand will be under pressure in the short term. The industry as a whole is still oversupplied, price competition is fierce, and customer preferences shift from bagged, high-end products to bulk, low-cost products, profit margins are under pressure.
To this end, the Company proposed the strategy of "ensuring profitability and target": optimize clinker operation and inventory, improve operational efficiency, lock in the supply of raw materials and fuels; accelerate mineral exploration license and production expansion, promote energy-saving technological transformation and waste heat power generation projects, and reduce costs and carbon.
Vicem belongs to the Ministry of Construction and has a history of 45 years. It has 10 factories and 16 production lines, with an annual production capacity of 20 million tons of clinker and 27 million tons of cement. Its brands include "Hexian", "Haiphong" and "Bianshan". In 2024, it was the only loss-making enterprise among the six state-owned enterprises of the Ministry, with a consolidated loss of VND 1.4 trillion ( $55.15 million) and a loss of VND 236.8 billion ( $9.33 million) for the parent company.