The construction material sector has seen a rebound in cement andceramic tile production, while steel and brick production remainedstagnant.
Vice chairman of the Vietnam CementAssociation Hong Trong Kim said that the cement industry will meet thetarget of selling 56 million tonnes of cement this year.
With trade promotion methods succeeding in expanding the market,despite a price hike of 80,000-120,000 VND (3.63-5.45 USD) per tonne inthe third quarter, the country's largest cement producer Vicem hasexpanded its share in the domestic market from 34 percent in 2012 to 37percent this year. It has also enhanced exports to the Middle East andAfrica .
Another large cement producer Fico alsoreported that it met this year's target by early December, with a totalsales of 1.7 million tonnes of cement, earning it a turnover of 2.2trillion VND (100 million USD) and a profit of 50 billion VND (2.27million USD).
Deputy-general director of ceramictile producer Viglacera Nguyen Minh Tuan said the company is alsoexpected to earn a turnover of 10.5 trillion VND (477.27 million USD)this year. The company aims to achieve an export turnover of 75 millionUSD by 2015, a 25 percent increase.
Not asoptimistic as cement and tile producers, construction brick producers,especially small-sized ones, estimated that industry consumption willdip in 2013 as compared with last year and that the sector will not meetits annual target of selling 20 billion units of bricks.
The steel sector also faced difficulties this year due to decreasing demand in the wake of economic hardships.
Vice chairman of the Vietnam Steel Association Nguyen Tien Nghi saidthat the sector sold roughly 4.6 million tonnes of steel this year outof 5 million tones of output. Of the 4.6 million tonnes, 2.5 milliontonnes were exported.
Due to the low demand, steel producers had to cut prices by 700 VND per kilo from the third quarter to boost sales.
Nghi forecast that it will be difficult for consumption to rise nextyear, adding that it will grow only around 2-3 percent. Steel producersalso plan to increase their exports to 30 percent.-VNA
Vice chairman of the Vietnam CementAssociation Hong Trong Kim said that the cement industry will meet thetarget of selling 56 million tonnes of cement this year.
With trade promotion methods succeeding in expanding the market,despite a price hike of 80,000-120,000 VND (3.63-5.45 USD) per tonne inthe third quarter, the country's largest cement producer Vicem hasexpanded its share in the domestic market from 34 percent in 2012 to 37percent this year. It has also enhanced exports to the Middle East andAfrica .
Another large cement producer Fico alsoreported that it met this year's target by early December, with a totalsales of 1.7 million tonnes of cement, earning it a turnover of 2.2trillion VND (100 million USD) and a profit of 50 billion VND (2.27million USD).
Deputy-general director of ceramictile producer Viglacera Nguyen Minh Tuan said the company is alsoexpected to earn a turnover of 10.5 trillion VND (477.27 million USD)this year. The company aims to achieve an export turnover of 75 millionUSD by 2015, a 25 percent increase.
Not asoptimistic as cement and tile producers, construction brick producers,especially small-sized ones, estimated that industry consumption willdip in 2013 as compared with last year and that the sector will not meetits annual target of selling 20 billion units of bricks.
The steel sector also faced difficulties this year due to decreasing demand in the wake of economic hardships.
Vice chairman of the Vietnam Steel Association Nguyen Tien Nghi saidthat the sector sold roughly 4.6 million tonnes of steel this year outof 5 million tones of output. Of the 4.6 million tonnes, 2.5 milliontonnes were exported.
Due to the low demand, steel producers had to cut prices by 700 VND per kilo from the third quarter to boost sales.
Nghi forecast that it will be difficult for consumption to rise nextyear, adding that it will grow only around 2-3 percent. Steel producersalso plan to increase their exports to 30 percent.-VNA
