According to the Vietnam Cement Association, most cement companies in the country have announced a unified increase in product prices from November 18, with bagged and bulk cement rising by 100,000 Vietnamese Dong ( $3.8) per ton. The broad scope of the price adjustment reflects the significant pressure brought by the rising cost of raw materials and the long-term shortage of supply.
Enterprises pointed out that the prices of key cost items such as coal, electricity and transportation have been rising for a long time, making it difficult for factories to effectively control expenditure. Despite their efforts to optimize operations and cut internal costs, the rising trend in raw material and fuel prices has forced producers to adjust their selling prices to cope with the pressure.
It is reported that cement dealers have received price adjustment notices from Bim Son Cement, Vicem But Son, Vicem Hoang Thach and Long Son Cement factories, with a unified increase of 100,000 Vietnamese Dong per ton. Expert analysis pointed out that cement accounts for a relatively high proportion of raw material costs in engineering projects, and the collective price increase is expected to bring greater pressure on the construction and real estate market.
Among the five cost components of real estate projects, the impact of building materials is the most direct. Among them, steel accounts for 15% -20% of the total cost, and the rest includes land, construction, management costs and profits. Therefore, when the price of key raw materials such as cement rises, investors often need to recalculate the selling price to balance the cost. Some construction contractors estimate that the increase of 100000 Vietnamese Dong per ton of cement will lead to a significant increase in the total cost of the project.
In the face of market-oriented price fluctuations, unless enterprises introduce support policies for specific industries, it is difficult to carry out administrative intervention. Cement manufacturers also said that there is no sign of easing the pressure on raw material prices. The price of coal and other fuels remains high, and the fluctuation of gasoline prices makes it difficult to reduce transportation costs. Against the backdrop of ongoing cost pressures, the industry is expected to continue to face a challenging operating environment.
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