Sign up | Log in



Home  >>  Daily News  >>  Vietnam News  >>  Commodities  >> Vietnam: High energy cost to push up cement prices
NEWS UPDATES 6 March 2010

Vietnam: High energy cost to push up cement prices

Related Stories

March 2, 2010
Vietnam steel firms to raise prices

February 25, 2010
Vietnam: Rice stockpile planned ahead of domestic price decrease

February 3, 2010
Vietnam: Low prices, stocks stunt coffee trade

January 7, 2010
Vietnam to stockpile coffee to boost price

January 6, 2010
Vietnam: Central bank sees high risks in gold trading floors

November 20, 2009
Vietnam may cap local dairy product prices

Cement producers are planning a price increase of between 40,000 and 50,000 dong ($2.1-2.6) per ton to compensate for the higher cost of energy, reported

Nguyen Van Thien, chairman of the Vietnam National Cement Association said that the higher energy cost pushed the production cost by 2 percent to 3 percent, so cement makers are due to raise prices.

“Cement companies have to pay an extra cost of 40,000-50,000 dong for each ton of cement produced, or 2-3 percent, therefore they are considering to raise the selling price,” Thien said.

Several cement makers have hiked prices even before the power price hike was announced last week.Hoang Thach Cement Company in Hai Duong Province, for example, raised its price by 40,000 dong per ton last month after seeing its profit shrink by 10 percent last year. The company said it therefore would not raise prices now.

Some other producers raised prices by 19,000 to 60,000 dong per ton in January and added another 30,000 to 50,000 dong per ton in February.

The Ministry of Industry and Trade has forecasted that the price of cement will “slightly rise” in March.

Bim Son Cement Company in Thanh Hoa plans to revise up the price three times this year, adding a total of 100,000 dong per ton.

Last year, the price of coal rose 30 percent in September and December but the cement industry managed to keep their price unchanged, only to see their profits slashed. As the value-added tax doubles from 5 percent to 10 percent this year, coupled with the power price hike of 6.8 percent, a rise in cement price is unavoidable, they said.

This year to date, 6.42 million tons has been consumed while cement companies have produced 7.42 million tons. At the present, the industry has 1.84 million tons in stockpile, including 789,000 tons from Vietnam Cement Industry Corporation.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand