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Thanks to strong domestic supply and robust export activities, Vietnam cement and clinker sales volume reached record high in 2018, increasing rate 58.71% YOY, which made Vietnam ranked first of cement exporter.
According to Report’s market research, compared to China or other developed countries, low human resources cost is one of advantage of Vietnam cement industry. Besides, Vietnam possesses rich ore resources, which are raw materials of cement. The production cost of cement is mainly influenced by coal price.
According to Report’s market research, construction of infrastructure and booming property industry contributed to increasing domestic consumption of cement in Vietnam in recent years. Several large infrastructure projects are also underway. However, urbanization rate of Vietnam is still very low, only approximately 38% in 2018, which means the consumption of cement is not currently at the peak.
Although production and exports showed an upward trend, cement industry in Vietnam are still facing some challenges, including low efficiency and financial performance, such as average 16.9% EBITDA margin in 2018.
According to Report’s market research, cement designed capacity in Vietnam is expected to surge in the next three years thanks to aggressive expansion of local manufacturers including Tan Thang, Vissai, and Xuan Thanh. In conclusion, Vietnam is expected to face with continuous supply surplus before reaching equilibrium. In other words, export volume of cement is estimated to keep rising in the future.
Topics covered:
Development Environment of Vietnam Cement Industry
Analysis on Market Status of Vietnam Cement Industry
Analysis on Import and Export of Cement in Vietnam
Major Cement Manufacturers in Vietnam
According to Report’s market research, compared to China or other developed countries, low human resources cost is one of advantage of Vietnam cement industry. Besides, Vietnam possesses rich ore resources, which are raw materials of cement. The production cost of cement is mainly influenced by coal price.
According to Report’s market research, construction of infrastructure and booming property industry contributed to increasing domestic consumption of cement in Vietnam in recent years. Several large infrastructure projects are also underway. However, urbanization rate of Vietnam is still very low, only approximately 38% in 2018, which means the consumption of cement is not currently at the peak.
Although production and exports showed an upward trend, cement industry in Vietnam are still facing some challenges, including low efficiency and financial performance, such as average 16.9% EBITDA margin in 2018.
According to Report’s market research, cement designed capacity in Vietnam is expected to surge in the next three years thanks to aggressive expansion of local manufacturers including Tan Thang, Vissai, and Xuan Thanh. In conclusion, Vietnam is expected to face with continuous supply surplus before reaching equilibrium. In other words, export volume of cement is estimated to keep rising in the future.
Topics covered:
Development Environment of Vietnam Cement Industry
Analysis on Market Status of Vietnam Cement Industry
Analysis on Import and Export of Cement in Vietnam
Major Cement Manufacturers in Vietnam
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