Business

VICEM to export 6 million tonnes of cement, clinker to Philippines

The Vietnam Cement Industry Corporation (VICEM) will ship a total of 6 million tonnes of cement and clinker to the Philippines from 2023-2025, as its demand for construction materials of various kinds is huge.
VICEM to export 6 million tonnes of cement, clinker to Philippines ảnh 1At the signing ceremony (Photo: VNA)

Hanoi (VNA) – The Vietnam Cement Industry Corporation (VICEM) will ship atotal of 6 million tonnes of cement and clinker to the Philippines from 2023-2025, as its demand for construction materials of various kinds is huge.

Adeal of this effect has been signed between VICEM and the Philippines’ Fenix(CEZA) Int’l Corporation and Golden Falcon Trading Corporation in the witnessof Vietnamese Minister of Construction Nguyen Thanh Nghi, as part of theongoing visit by National Assembly Chairman Vuong Dinh Hue from November 23-25.

Currently,VICEM has 10 cement factories with 16 production lines capable of producing 21million tonnes of clinker and over 25 million tonnes of cement per year. It sellsaround 30 million tonnes annually, or about 33% of domestic market share andabout 23% of export market share.

Inrecent years, supply has been greater than demand in the domestic cement market, thus making the export of the surplus a must.

ThePhilippines is now a big importer of cement and clinker with about 15-17million tonnes per year, about 7 million tonnes of which is from Vietnam, withroughly 1.5 million tonnes from VICEM, or 21.5% of the total.

Inthe third quarter of this year, infrastructure construction accounted for 12%of the Philippines’ GDP growth./.

VNA
#Vietnam Cement Industry Corporation#Vietnamplus#Vietnam News Agency#cement#clinker#infrastructure construction
Follow VietnamPlus

Related News

Cement exports up, domestic consumption down

Cement exports up, domestic consumption down

The estimated sale of Vietnamese cement products reached 70.7 million tonnes in the first eight months of 2021, up 4 percent year-on-year, in which, domestic consumption was about 43.54 million tonnes, down 5 percent, and export volume was 27.23 million tonnes, up 12 percent.
Coal shortages require Vietnam to diversify supply sources

Coal shortages require Vietnam to diversify supply sources

Vietnam is now in need of diversifying energy supply sources as it is facing a shortage of coal supply for electricity, cement, and fertiliser production due to impacts of the COVID-19 pandemic and the Russia - Ukraine conflict.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.