Vicem sees significant rise in exports in first 10 months

In the first 10 months, Vietnam Cement Industry Corporation (Vicem) sales rose by 9.2 per cent YoY to 17.65Mt, including a significant rise in exports.

Of the total, 15.84Mt was sold in the domestic market, while 1.8Mt was exported, up 4.8 per cent and 74.2 per cent YoY, respectively.

Between January and October, Vicem’s cement and clinker output rose by 9.3 per cent and 10.4 per cent on-year to 12.39Mt and 12.46Mt, respectively.

In October alone, the state-owned group sold 1.77Mt of cement and clinker in, rising by five per cent from a year ago.

However, domestic sales were down 8.3 per cent YoY to 1.47Mt while exports rose to 306,000t, up 243.8 per cent.

The company produced 1.34Mt of clinker and 1.32Mt of cement in October, down 5.9 per cent and 7.1 per cent on-year, respectively.

As of October 31, the country’s leading cement producer posted 1.32Mt of cement and clinker inventory, including 1.01Mt of clinker.

Vicem targets its cement and clinker sales to reach 1.91Mt in November. The group also aims to produce 1.39Mt of clinker and 1.63Mt of cement by the end of this month.