The total consumption of cement till September 2015 rose 3 percent against the same period of last year to 52.11 million tonnes, according to the Ministry of Construction.
Cement production at Song Thao Cement Joint Stock Company in the northern province of Phu Tho. Cement consumption has reached 52.11 million tonnes so far this year. (Source:VNA)
The total consumption of cement till September 2015 rose 3 percent against the same period of last year to 52.11 million tonnes, according to the Ministry of Construction.
The ministry's Building Material Department said that of these, 40.26 million tonnes of cement were sold on the domestic market, a year-on-year surge of 8 percent while the export volume of cement reached 11.85 million tonnes, a 12 percent lower than the same period of last year.
However, total consumption of cement in September was down 9 percent to 5.37 million tonnes, including 4.27 million tonnes for the domestic market, 11 percent lower than last month, chinhphu.vn reported.
Experts in building materials said the reduction in total consumption volume of cement in September was due to the impact of the rains and the "ghost month" when people often avoid starting construction projects.
They expect cement consumption on the domestic market to be better by the year-end when the construction season begins.
However, the cement industry would find it difficult to export cement by the year-end because some cement exporters in the region would increase their volumes to between 5 and 6 million tonnes.
Le Van Toi, Head of the Building Material Department said the enterprises should promote domestic consumption of cement and then improve competitive ability of cement products for exports.
Nguyen Quang Cung, Chairman of the Vietnam Cement Association, said cement factories located near seaports with high capacity and high technology accorded priority to exports, the Cong thuong newspaper reported.
Tran Thanh Hai, Deputy Head of the Import Export Departꦑment under the Ministry of Industry and Trade, said the department would co-operate closely with the building material department to maintain a balance between supply and demand, and assess the abilit♕y of cement enterprises when joining the world market to ensure reasonable solutions in production and business for local cement enterprises.-VNA
While exports were identified as a solution for the cement industry to deal with oversupply at home, there remains stiff competition from large producers, such as China, Thailand and Indonesia.
The Ministry of Construction has set a 10-15 percent annual growth target for exports of building materials so that they can reach 2-2.5 billion USD by 2020 under a plan to develop the industry it has submitted to the Government for approval.
The domestic cement industry saw year-on-year growth of 10 percent in consumption of cement and clinker to 40.98 million tonnes in the first seven months of this year.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Cement production at Song Thao Cement Joint Stock Company in the northern province of Phu Tho. Cement consumption has reached 52.11 million tonnes so far this year. (Source:VNA)
