Vicem sales exceed full-year target

State-owned Vietnam Cement Industry Corporation (Vicem) sales rose by 3.2 per cent from a year ago and exceeded the year’s target by 5.7 per cent boosted by higher exports.

For the full year, the country’s leading cement producer sold approximately 24.64Mt of cement and clinker. Of the total, 18.68Mt of cement and clinker were sold in the domestic market, down 2.7 per cent YoY, and 3.4Mt were exported, up 54.1 per cent.

In 2014, Vicem’s clinker production edged up 0.7 per cent YoY to 16.5Mt, while its cement output rose 10.3 per cent to 18.46Mt.

The corporation targets to sell more than 22Mt of cement and clinker in 2015 while its clinker’s output is expected at between 16-17Mt. It aims for revenue of more than VND30trn and profit of VND500trn.