Cement News tagged under: Vietnam
Vietnam seeks UNDP cement GHG reduction assistance18 August 2017, Published under Cement NewsVietnam’s Ministry of Construction has requested assistance from the United Nations Development Program (UNDP) in formulating and implementing proposals for greenhouse gas (GHG) emission projects in the cement industry. The reduction of GHG in the cement industry play a key role in the country achieving the emission reduction targets laid out in the nationally determined contribution of Vietnam and are a step in achieving the Paris Agreement’s climate change goals. Supported by the No... |
Vietnam considers cutting export tariff to aid cement oversupply07 August 2017, Published under Cement NewsVietnam’s Ministry of Planning and Investment (MPI) has proposed the export tariff be reduced to aid cement exports from the country. Domestic cement manufacturers have been struggling to export cement to ease the domestic oversupply. However, with the changes in tax policies, the clinker export cost has increased to US$4.5/t and the cement export cost US$7.5/t. This puts Vietnamese cement producers at a competitive disadvantage with rivals from China, Thailand, Indonesia and Japan, industr... |
Pacific Cement to import cement from Vietnam03 August 2017, Published under Cement NewsPacific Cement Ltd (PCL) is to import 25,000t of cement from Vietnam to address shortages on the island of Fiji. Market demand continues to be higher than the output of Fiji’s two cement producers, PCL and Tengy Cement Ltd. PCL director, Nouzab Fareed, told the Fiji Sun Online that the imports are expected to arrive later this month. “The cost of import is almost the same as our selling price, so we might not get any profit out of this exercise, but we want to make sure that the markets ... |
Vietnam's Ministry of planning calls for export tax cut28 July 2017, Published under Cement NewsVietnam's Ministry of Planning and Investment has proposed export tax cuts on cement, while local producers struggle with high stockpiles, claims Viet Nam news. In a recent report submitted to the government, the ministry said that the export tax rate of five per cent on cement was too high. The ministry estimated that no deduction on input VAT, coupled with five per cent export tax rate, pushed up prices of cement and clinker by US$7.50 and US$4.50/t, respectively. The ministry propos... |
Vietnam government urged to reduce export duty21 July 2017, Published under Cement NewsVietnam’s Ministry of Planning and Investment has proposed the government to reduce export duty on cement to help domestic cement producers to promote exports. According to the government’s Decree No 100/2016/ND-CP, exported cement products are not eligible to enjoy input value-added tax (VAT). Furthermore, the product is subject to a five per cent export tax, which has lifted export costs to US$4.50/t clinker and US$7.50/t of cement (based on average FOB prices of US$30 and US$50, ... |
Vietnam struggles with over-capacity12 July 2017, Published under Cement NewsAs domestic output continues to outstrip local demand, Vietnam is facing a 26Mt cement glut in 2017, according to the Vietnam Cement Association (VNCA). Production from domestic cement plants is expected to reach 86Mt while the market is forecast to off-take 60Mt. Meanwhile, exporting the surplus is becoming increasingly more difficult as the imposition of five per cent export duty has prevented local cement firms from promoting exports of their clinker and cement. The VNCA earlier... |
Loesche to supply Bim Son Cement11 July 2017, Published under Cement NewsBim Son Cement JSC has awarded Loesche the contract to supply a vertical roller mill for the grinding of clinker and granulated blast furnace slag at the Bim Son cement plant in Thanh Hóa province, Vietnam. The scope of the order includes a VRM with a throughput of 250tph, plus a silo, blower, filter and packing plant. The new mill is expected to be commissioned in August 2017. Bim Son Cement, a subsidiary of the Vietnam National Cement Corporation (VICEM), has recently increased capacit... |
Siam City to invest in Vietnam operations06 July 2017, Published under Cement NewsSiam City Cement Vietnam Co Ltd will invest an additional US$30-50 in its Vietnamese cement plants in Kien Giang, Ba Ria-Vung Tau and Dong Nai provinces, and Ho Chi Minh City (HCMC) in the next 6-12 months, the Saigon Daily Times reports. At a meeting between the company and HCMC authorities on Monday, Philippe Richart, general director of the company, said the Vietnamese economy would continue expanding in the future. In September 2016 LafargeHolcim announced that it is to divest of its V... |
Holcim Vietnam given green light to build inland port16 June 2017, Published under Cement NewsAuthorities of Vietnam’s southern coastal province of Ba Ria-Vung Tau have approved a proposal by Thanh Long Co Ltd to develop an inland waterway port to meet the transport requirement's for the Holcim cement plant. The provincial authorities assigned the Department of Transport to cooperate with relevant agencies to add planning of the facility to the province’s master plan for inland waterway transport by 2020. The Thanh Long plans to develop the port on an area of 5000m2 between the... |
Ho Chi Minh City proposes no new cement licences09 June 2017, Published under Cement NewsVietnam's Ho Chi Minh City has proposed Vietnam's Ministry of Construction to adjust its cement development plan, so that no new cement projects will be licensed in the metropolis and existing plants will be relocated. Ho Chi Minh City currently has eight cement firms which run nine plants, including six in industrial parks, the municipal authorities said on Friday, adding that the existing plants should be relocated to other localities. The city will keep only cement distribution facil... |