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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.
Vietnam could rake in 1 billion USD from exporting 20-21 milliontonnes of cement and clinker in 2014, up 15 percent in value compared tolast year, according to the Vietnam Cement Association.

Preliminary statistics from the Customs General Department showed thatthe shipment of cement and clinker increased in both volume and valuein 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 IndustryCorporation (Vicem), which holds 34 percent of the sector’s output, saidhis company exported about 1.8 million tonnes of the products in thefirst three quarters of 2014 and plans to sell 1 million tonne in thelast three months to raise its total exports to 3 million tonnes,meeting the yearly target set early this year.

Lastmonth, the Thang Long Cement JSC shipped 4,000 tonnes of cement to thePhilippines . The expansion of export markets is an important factorfor the company to record positive growth, said Director GeneralMukhamad Saifudin.

He added that his company willimprove supply services to satisfy customers and upgrade the seaportsystem to accommodate heavy-loaded ships while further boosting domestictrade and exports.

Meanwhile, the Vissai Cement Group also wontwo more contracts to export 1 million tonnes per year to its newpartners in France and Australia .

In the tenmonth period, Indonesia was Vietnam ’s largest importer of cement andclinker with 90 million USD, followed by Malaysia , Bangladesh ,Taiwan , the Philippines and Cambodia .

The prices of cement and clinker stand at 55.2-55 USD and 38.2-39 USD per tonne, respectively.

By the end of 2014, the total designed capacity of the cement factories nationwide will reach 85 million tonnes annually.-VNA
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