The Vietnam Cement Industry Corporation (VICEM) hopes to earn more than 30 trillion VND (1.41 billion USD) from selling nearly 21,000 tonnes of cement products in 2014.

To meet the target, the corporation will work to minimise production, management and selling expenditure, while diversifying production and stepping up mechanism restructuring.

It will also improve business management and renew production methods, successfully undertaking the role to lead Vietnam’s cement industry, especially in export.

In defiance of the economic downturn, in 2013 VICEM still witnessed a significant growth, with clinker and cement output increasing 8.8 percent against the previous year.

The firm also accounted for over 16 million tonnes out of the almost 46 million tonnes of cement the country produced in 2013.

It raked in 30.5 trillion VND (1.43 billion USD), with pretax income of 528 billion VND (24.8 million USD) and contributed over 1 trillion VND (47 million USD) to the State budget.-VNA