Cement prices rise in Vietnam

Cement producers in Vietnam have reportedly begun to hike prices due to rising electricity prices at the peak time for construction, according to Vietnam News.

SCG Vietnam has announced to its distributors that its cement prices would increase by VND29,700/t (US$1.27/t) including VAT, starting this Sunday. Vicem Hoàng Mai Cement also increased prices by VND30,000/t from the start of June.

Nguyen Van Sua, vice chairman of the Vietnam Steel Association, has stated that the cost of power has risen 8.4 per cent since March.