Vietnam expects USD1 billion from cement export

Photo for illustration (Source: baoxaydung.com.vn)

Vietnam could rake in USD1 billion from exporting 20-21 million tonnes of cement and clinker in 2014, up 15 percent in value compared to last year, according to the Vietnam Cement Association. Preliminary statistics from the Customs General Department showed that the shipment of cement and clinker increased in both volume and value in January-October, reaching nearly 18 million tonnes. Major cement companies have reported positive results over the past time, with stable export volumes and many new markets. Tran Viet Thang, Director General of the Vietnam Cement Industry Corporation (Vicem), which holds 34 percent of the sector's output, said his company exported about 1.8 million tonnes of the products in the first three quarters of 2014 and plans to sell 1 million tonne in the last three months to raise its total exports to 3 million tonnes, meeting the yearly target set early this year. Last month, the Thang Long Cement JSC shipped 4,000 tonnes of cement to the Philippines . The … [Read more...]

Vietnam expects US$1 billion from cement export

Vietnam could rake in US$1 billion from exporting 20-21 million tonnes of cement and clinker in 2014, up 15% in value compared to last year, according to the Vietnam Cement Association. Preliminary statistics from the Customs General Department showed that the shipment of cement and clinker increased in both volume and value in January-October, reaching nearly 18 million tonnes. Major cement companies have reported positive results over the past time, with stable export volumes and many new markets. … [Read more...]

Vietnam expects 1 billion USD from cement export

Vietnam could rake in 1 billion USD from exporting 20-21 million tonnes of cement and clinker in 2014, up 15 percent in value compared to last year, according to the Vietnam Cement Association. Preliminary statistics from the Customs General Department showed that the shipment of cement and clinker increased in both volume and value in January-October, reaching nearly 18 million tonnes. Major cement companies have reported positive results over the past time, with stable export volumes and many new markets. … [Read more...]

Social News 5/9

Army chopper crash death toll rises to 20 One of the soldiers injured in the Mi171 army chopper crash in July has died, raising the death toll in the incident to 20. Lieutenant Nguyen Hoang Anh, 33, passed away in the morning on September 2 after suffering 52 per cent burns, respiratory burns, brain injury and a broken leg. He was being treated at the National Institute of Burns in Ha Noi. The Institute is treating another survivor of the crash for multiple injuries, 53 per cent burns and respiratory burns. … [Read more...]

Indonesian firms explore M&As

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By Ha Anh … [Read more...]

FDI flows to processing, manufacturing industries

Processing and manufacturing industries have attracted the most foreign direct investment (FDI) capital so far this year, with 448 newly-licensed projects and a new registered and additional capital of 6.66 billion USD, accounting for about 70 percent of the total FDI. They were followed by the real estate and construction sectors, with 1.13 billion USD and 547 million USD, respectively. According to the Ministry of Planning and Investment's Foreign Investment Agency, total registered capital of FDI projects in the first seven months this year decreased by 20 percent year-on-year to 9.53 billion USD. … [Read more...]

FDI faces decline despite new projects

Total registered capital of foreign direct investment (FDI) projects in the first seven months this year decreased by 20 percent year-on-year to 9.53 billion USD, according to the Ministry of Planning and Investment's Foreign Investment Agency (FIA). However, total disbursements from FDI firms were estimated at 6.8 billion USD, increasing 2.3 percent against the corresponding period last year. FDI businesses generated an export turnover of 55.83 billion USD and incurred around 46.04 billion USD in imports, resulting in a trade surplus of 9.78 billion USD. … [Read more...]

FDI sinks despite new projects

A mobile phone production line at Samsung Vietnam in the northern province of Bac Ninh. The Foreign Investment Agency reported that total capital disbursements from FDI firms were estimated at US$6.8 billion in the first seven months this year, increasing 2.3 per cent against the corresponding period last year. - VNA/VNS Photo Duc Tam

HA NOI (VNS )- Total registered capital of foreign direct investment (FDI) projects in the first seven months this year decreased by 20 per cent year-on-year to US$9.53 billion, according to the Ministry of Planning and Investment's Foreign Investment Agency (FIA). … [Read more...]

Social News Headlines 10/7

Vietnam among top five nations with highest abortion rate A July 8 meeting in HCM City marking World Population Day announced that on a per capita basis, Vietnam has one of the five highest abortion rates in the world. Delegates at the event reported that Vietnam has the highest abortion rate in the Southeast Asian region, and its birth rate among adolescents aged 15-19 years is rather high (46/1,000). They pointed out that Ho Chi Minh City has the highest abortion rate in Vietnam, particularly among adolescents whose rate increases year by year, from 2% in 2010 to 4% in 2013. … [Read more...]

Jan-June FDI disbursement grows 0.9%

The Saigon Times Daily Meanwhile, in the year to June 20, some US$6.85 billion of FDI had been pledged by foreign investors in Vietnam, representing 64.7% of that in the same period last year, including newly registered funds and extra capital from operational projects, said the Foreign Investment Agency under the Ministry of Planning and Investment. In specifics, 656 fresh projects were licensed with pledged capital of US$4.85 billion while 219 operational projects received additional funds of US$1.99 billion in January-June, equivalent to 93.2% and 37% of last year's investments respectively. … [Read more...]

Indonesian firm to build major cement plant in Vietnam

State-run cement producer Semen Indonesia is planning to invest about 300 million USD in building a new plant in Vietnam in the near future as part of its business expansion in Southeast Asian. Semen Indonesia General Director Dwi Soetjipto said his company hopes to expand the production capacity of its Vietnamese subsidiary, Thang Long Cement Company (TLCC), by setting up a new plant with a total production capacity of 1.5 million tonnes of cement per year. The plant's construction is scheduled to be started in early 2015 and it is expected to be put into operation in three years later. … [Read more...]

Semen Indonesia’s cement factory shaping in Vietnam

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Semen Indonesia Director General Dwi Soetjipto said Indonesia's leading cement producer will increase production capacity of its Vietnamese subsidiary Thang Long Cement Company (TLCC), by building a new factory with a design capacity of 1.5 million tonnes per year. (VOV) - State-run cement producer, Semen Indonesia plans to invest US$250-300 million to build a new cement plant in Vietnam next year, as part of its strategy to expand business in Southeast Asia (SEA). Mr Soetjipto said that constructionis expected to begin in early 2015 and will take three years to complete. The investment capital for the new plant is mostly sourced from bank loans. The Director General said that as TLCC's current design capacity stands at 2.5 million tonnes per year, building the facilitywill meet the increasing demand for cement in Vietnam and other ASEAN statessuch as Singapore, Cambodia, Laos and Myanmar. Semen Indonesia holds 70% of TLCC's shares while the remainingbelong to Geleximco. It … [Read more...]

South Korea leads foreign direct investments in Vietnam

The $235 million Thang Long Cement Plant project in Quang Ninh Province. Photo credit: Dien Dan Doanh Nghiep

South Korean foreign directiInvestment (FDI) in Vietnam surpassed US$1.12 billion and topped FDI inflows into the country during the first quarter of 2014, according to Vietnam Foreign Investment Agency. A recent report from the agency shows that 36 countries and territories invested in Vietnam during the January-April period. South Korea was the largest investor in Vietnam during the four month period, with $1.12 poured into projects in the country, equaling 23.1 percent of Vietnam's total FDIs. Japan, the largest investor in Vietnam during the previous period, fell to second place with total investments of $531 million. … [Read more...]

Textiles and cement top export list

illustration photo

Textiles and garments led the field in terms of this year's exports in the first four months. Figures from the Ministry of Industry and Trade (MoIT) showed that Vietnam's four-month export turnover reached $46 billion, up 16.9 per cent on-year. Vietnam's four-month export turnover rose $6.6 billion on-year, of which $4.7 billion - with the exception of crude oil - was created by foreign invested firms. … [Read more...]

VN draws $4.85b as FDI inflow reduces

HA NOI (VNS) — Viet Nam has attracted US$4.85 billion in foreign direct investment (FDI) in the first four months of the year, equivalent to 59 per cent of what it attracted during the same period last year. The figure released by the Ministry of Planning and Investment's Foreign Investment Agency also showed that of the total, $3.32 billion went into 390 newly-licensed projects, while 140 existing projects added $1.62 billion to their capital. The manufacturing and processing sectors took the lead in attracting FDI with 204 new projects at $3.6 billion, accounting for 74.3 per cent of the total. The real estate sector ranked second with seven projects with a total investment of $392.3 million, accounting for 8.1 per cent share, followed by the construction sector with $237 million (4.9 per cent) and health care and social support sector ($225.93 million). While FDI levels slowed down, the country's FDI disbursement reached $4 billion during the January-April period, … [Read more...]

Social News Headlines 14/4

Two Ha Tinh locals arrested for resisting on-duty police Two men had been arrested for their direct involvement in the illegal detainment of on-duty police officers in Bac Son commune, central Ha Tinh province's Thach Ha district, the district police said on April 13. Earlier, a criminal case was also launched against the illegal detainment and the causing of public disorder in the commune. The two arrested men are Bien Xuan Tinh, born in 1975, and Le Xuan Tinh, born in 1987, both residents in Bac Son commune. The incident happened on April 10, when the police of Ha Tinh province and Thach Ha district carried out an arrest warrant against Truong Van Truong, also a resident in Bac Son, on the charge of causing public disorder. Truong fled out of his house and incited many locals into hindering the police officers from carrying out their duty. Some of them even snatched the warrant and torn it up, then insulted and beat the officers. They later locked up four policemen and went on … [Read more...]

Government holds off cement loans on concerns of oversupply

A worker runs a production line at Tan Quang Cement Manufacturing Factory in northern mountainous Tuyen Quang Province. The Government is not encouraging more investment in cement projects despite the industry reporting a first quarter increase in consumption. — VNS Photo Hoang Hung

HA NOI (VNS)— The Government is not encouraging more investment in cement projects despite the industry reporting a first quarter increase in consumption due to higher domestic market demand. Industry observers say this makes sense because the market is still marked by significant oversupply. Citing the Viet Nam Cement Industrial Corporation, the Price Management Department has reported that the output and consumption of cement in March was higher than February as the "construction season" has begun. An output of 5.19 million tonnes and consumption of 1.92 million tonnes marked a month-on-month increase of 63.7 per cent and 69.5 per cent respectively. Corresponding first quarter figures of 11.58 million tonnes and 10.23 million tonnes marked respective year-on-year increases of 9.8 per cent and 6.7 per cent, the department said. Meanwhile, the Dau tu (Vietnam Investment Review) newspaper, cited the Construction Ministry as estimating total demand for cement this year increasing … [Read more...]

Social News Headlines 11/4

Ha Noi is planning to build a monorail system to ease its traffic congestion and connect the existing railway routes.

Ha Noi plans monorail system to ease congestion The municipal People's Committee, in collaboration with the Ministry of Transport, is working on a detailed plan. A pilot route will be built with the funding expected to come from the build-operate-transfer investment. Minister of Transport Dinh La Thang has assigned the Transport Engineering Design Incorporation to take charge of the planning. A plan to build a monorail route in the capital city was first proposed in 2010 by the Viet Nam Construction and Import-Export Corporation (Vinaconex). It aimed to build a 38-kilometre monorail route in western Ha Noi with the initial aim of serving 60,000 passengers daily. Under the new plan, there will be 14 stations and the trains will run 4.5 metres above the ground at an average speed of 70 kilometres per hour. The fares will be affordable for low-income earners, according to Vinaconex. Two injured as taxi collides with train A taxi collided with a running train in the central … [Read more...]

Dam Phu My Packaging JSC: New Advance in Industrial Sector

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In the process of national industrialisation and modernisation and international integration, the establishment of companies of different industries with a variety of products, modern production lines and strong brand reputation is indispensable for the development process. Dam Phu My Packaging Joint Stock Company is one of the companies that has proven its strength and position on the market with effective development strategy and quality policy. Set up October 1, 2004, Dam Phu My Packaging Joint Stock Company (DPMP) was formerly the Huong Phong Package Production Factory run by Huong Phong Co., Ltd, which is directly administered by the Provincial Party Committee and the Provincial People's Committee of Ba Ria - Vung Tau. On May 19, 2008, it was transformed into a joint stock company with three founding shareholders, namely PetroVietnam Fertilizer and Chemicals Corporation, Huong Phong Co., Ltd and another shareholder. For DPMP, product quality is always an important element as … [Read more...]

Ministry says no to fresh cement projects

Van Nam The ministry this year will continue to review cement projects and eliminate all those deem ineligible from the master plan, and will delay seven others until early 2017, said a leader from the ministry's Building Materials Department. Last year, the ministry scrutinized projects being constructed in the 2012-2015 period, and decided to scrap nine projects producing clinker with a daily capacity of less than 2,500 tons. Cement consumption in the country has been lower than expected due to the stagnant property market with numerous housing and construction projects remaining stalled. Before 2010, Vietnam had to import 3.5-4.5 million tons of cement a year to meet the domestic demand, leading many investors to rush into the cement industry. Now supply has outpaced demand as the total capacity of the country's cement industry is around 70 million tons but annual consumption only reached 61 million tons, with 48 million tons for domestic use. This year, another … [Read more...]