Hard times for Vietnamese cement firms amidst 2023 industry decline
Many Vietnamese firms have struggled this year with both input and output pressures, incurring heavy losses and even having equity turn negative, said the Vietnam National Cement Association.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s leading fertilizer firm achieves urea output target a year early
Petrovietnam Fertilizer & Chemicals Corporation (PVFCCo), a subsidiary of state-owned national oil-gas group Petrovietnam, achieved a urea output milestone of 15 million tons a year ahead of schedule.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand’s Siam City Cement records Q1 revenue of $34.5 mln in Vietnam
Thailand’s Siam City Cement Public Company Limited (SCCC), also known as INSEE, recorded revenue of THB1,188 million ($34.5 million) from its business in Vietnam in the first quarter of 2023, down 33.6% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms ship cement to US amid domestic market gloom
Major Vietnamese cement manufacturers Xuan Thanh and Nghi Son have penetrated the U.S. market as the construction sector at home remains quiet due to the ailing property market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cement industry faces prolonged challenges
Many cement companies reported losses or sharp profit declines in the first quarter of 2023 due to property market woes, slow disbursement of public investment capital, and supply surplus.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Six more people arrested for bidding violations at cement firm
Hai Duong province's Police have detained six more people for violations in bidding regulations, causing serious consequences that occurred at Vicem Hoang Thach Cement Company.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant SCG reaps $1.72 bln in revenue from Vietnam operation in 2022
Thailand’s Siam Cement Group (SCG) posted a revenue of 59.06 billion bhat ($1.72 billion) from its Vietnam operations last year, up 21% year-on-year, according to SCG’s financial statement.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hoa Binh province attracts 15 investment projects worth $2 bln
Hoa Binh province in northern Vietnam granted investment certificates or in-principle approvals to 15 projects with total registered capital of VND47.85 trillion ($2.01 billion) at a conference on Sunday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam cement giant sees business decline under Bui Hong Minh leadership
State-owned Vietnam National Cement Corporation (Vicem) saw its business results shrink in the 2017-2021 period under the leadership of general director Bui Hong Minh.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cement giant Vicem sees record-low $65 mln profit in 2022
Vietnam National Cement Corporation (Vicem), the country's biggest cement producer, reported a pre-tax profit of VND1,532 billion ($65.33 million) in 2022, down 30.5% year-on-year and a record low.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cement giant INSEE adds $35.7 mln to southern Vietnam facility
INSEE Vietnam, a subsidiary of Thailand’s Siam City Cement, began Sunday construction of its second production line worth $35.7 million in Ba Ria-Vung Tau province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese giant Vicem to export 6 mln tons of cement, clinker to the Philippines
The Vietnam National Cement Corporation (Vicem), Vietnam's biggest cement producer, has signed deals with two Philippine firms to export six million tons of cement and clinker over a three-year (2023-2025) period.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
State-owned firms illegally exploiting millions of tonnes of minerals: auditors
Five subsidiaries of the state-owned Vietnam National Cement Corporation (Vicem) have exploited millions of tonnes of minerals above their licensed capacity and “forgotten” to pay dues thereof to the state.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s cement exports set for decade-long growth
Vietnam’s cement industry is likely to see increased production, continuous supply surplus and rising exports over the next decade, according to global market insights firm Research and Markets.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Siam City Cement to expand investment in Vietnam
Siam City Cement, Thailand's leading cement manufacturer, has completed necessary procedures to expand production in Vietnam, a group executive said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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