According to the Vietnam Cement Association (VNCA), many cement producers in southern Vietnam have collectively raised their prices by 50,000 Vietnamese Dong per ton since March 31, mainly due to a sharp rise in production costs. This price adjustment is carried out against the background of strong rise in electricity and raw material prices, which is a reasonable adjustment.
This is the second round of price increases since 2025. At the beginning of the year, several well-known brands, including Vicem B Bm S Sn, Vicem Ho Hoàng Mai, The Vissai and T Tân Th Thng, announced an increase of 50,000 VND in the price of cement per ton.
Specifically, INSEE Cement has implemented a price adjustment of 50,000 VND per ton for bagged cement since March 31, while industrial cement has been implemented since April 2. The price of bag cement for Vicem H Hà Ti Tiên cement at all delivery points has been increased since March 31, while bulk cement has been implemented since April 2. Long S Sn Cement has increased by 50,000 VND/ton for all brands of bagged cement since 6 am on April 1. Vicem H H Long Cement implemented a similar increase at the Hiep Phuoc plant from April 1, while Saigon Cement implemented an across-the-board price increase for all bagged and industrial cement products from April 1.
The rise in cement prices is rooted in the recent surge in electricity prices and the continued rise in raw material prices for cement production. Even though companies have optimized their production processes, they are still unable to make up for the huge cost gap. The representative of Vicem H Hà Ti Tiên pointed out that at the end of last year, electricity prices rose by more than 4.8% on average, while the prices of raw materials needed to produce cement remained high and showed no signs of cooling down, so companies had to choose to raise prices in order to cover costs.
Previously, Vietnam's Ministry of Industry and Trade raised the average retail electricity price by 4.8% since October 11, 2024, which had a significant impact on the production costs of high power-consuming industries such as cement, prompting many cement companies to quickly consider raising product prices to cope with cost pressures.
In 2025, Vietnam's Ministry of Construction expects cement consumption to be about 95 million to 100 million tons, an increase of 2-3% over 2024. Among them, domestic consumption is about 60-65 million tons, and export volume is 30-35 million tons.
In fact, the price of building materials is one of the five factors affecting the cost of real estate products. Therefore, when the price of building materials rises, developers have to raise the price of real estate products in order to cover the cost.
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