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...]

Thai firms spot opportunities in Vietnam

The recent increase in investment flows from Thai enterprises has shown that Vietnam is vital for Thailand's economy, especially after the ASEAN Economic Community comes into effect in 2015. Recent information from the Thailand Board of Investment shows that the country's outward investment in ASEAN-member countries has undergone an upward trend since 2007, with last year's investment at 4.5 billion USD, equal to Thailand's investment in the EU. Most of the Thai investment in ASEAN was in Singapore, Indonesia, Vietnam and Myanmar, according to Chokedee Kaewsang, Deputy Secretary General of the Thailand Board of Investment. … [Read more...]

Economic restructuring brings opportunities to investors

Investment opportunities from the equitisation of state-owned enterprises (SOEs), the acquisition of bad debts and investment in the consumer goods and retail sectors are of great interest to experts and investors in the current context, said the Vietnam Economic News. The Vietnamese securities market is said to offer great potential compared with other Southeast Asian countries and the equitisation of SOEs has attracted great attention from domestic and foreign investment funds. So far, Vietnam has equitised 4,100 SOEs. Under the Prime Minister's guidance, 432 SOEs must be equitised in 2014 and 2015. These include the Vietnam National Textile and Garment Group (Vinatex), three corporations established under Prime Ministerial Decision 91/TTg (Vietnam Airlines Corporation, Vietnam Cement Industry Corporation and Vietnam National Shipping Lines (Vinalines), 54 corporations established pursuant to Prime Ministerial Decision 90/TTg, and SOEs managed by different ministries, sectors and … [Read more...]

Building materials industry urged to foster export activities

The domestic building materials industry should promote efficiency in the export of its products in the future because the domestic market has yet to fully recover from crisis, experts said. The Industry and Trade newspaper quoted the Ministry of Construction (MoC) as saying the export of building materials was needed to reduce the pressure of high inventory, maintain production stability and improve competitiveness in the world market. Leading exporters of building materials in Vietnam are pottery and ceramic producers, including Viglacera, Vinaconex and Hoang Gia, as well as Hong Ha, Taicera and Toto. They have been scouting for export markets by joining international trade fairs and exhibitions and have so far exported products to 40 countries and territories. … [Read more...]

Cement consumption bounces back

The domestic consumption of cement in the first eight months bounced back to a sustainable status, which is being seen a relief for producers with surplus inventories. Chairman of Vietnam Cement Association Nguyen Quang Cung told Thoi Bao Ngan Hang (Banking Times) newspaper, "Cement plants are likely to run at full throttle." Chairman of Vietnam Cement Industry Corporation (Vicem) Luong Quang Khai said that his company's inventory has dramatically fallen. As of August 31, the total inventory was equal to 14 production days. … [Read more...]

Government praises businesses for cost savings

Vietnam Airlines is one of the companies that were praised for cost savings by the Government.

Deputy Prime Minister Vu Van Ninh on Monday sent a dispatch praising some ministries and state-owned economic groups and corporations for well implementing the Prime Minister's instruction on management cost saving and cost price reduction in 2013. The commended Ministries include Finance, Industry and Trade, National Defense, Transport and Construction. … [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...]