Cement distributors said the sales in the recent time declined about 20% because of cooling construction market, the state-run Tuoi Tre newspaper reported. On July 1, Vo Van Van, information announcer of Ha Tien 1 Cement Joint Stock Company confirmed his firm had sent a document to Ministry of Finance’s Price Management Department to propose [...]
Africa, especially its western regions, is fast becoming a profitable market for Vietnamese cement manufacturers due to high demand and limited production capacity, according to domestic traders. The cement market in West Africa has undergone difficult times in recent years with high prices and little supply. Foreign companies such as Vicat, French Amida and Swiss [...]
The Viet Nam Cement Industry Corporation (Vicem) exported 610,000 tonnes of clinker to Bangladesh, Myanmar, Hongkong and Singapore in the first half of the year. Another 30,000 tonnes of cement were exported to Laos and Cambodia during the period. The total export value of the two products for the period amounted to nearly US$20 million. [...]
The Ministry of Finance has submitted a proposal to the Government aimed at imposing export taxes on steel and cement while raising the export duty on timber products from 5 to 20 per cent. The Ministry has suggested a tax of 1.3-2 per cent for construction steel and 3 per cent for steel ingots, also [...]
Ministry of construction has recently released the production statistics in the first five months of this year, of which Vietnamese cement producers have reached total production output of 4.84 million tonnes of cement in May only, raising the accumulative output in the first five months to 21.48 million tonnes, equivalent to 39.4 percent of the [...]
The Tax Policy Department under the Ministry of Finance has proposed raising export taxes on steel and cement products to regulate the profits gained by enterprises because of the low prices of some inputs. For construction steel, the Ministry of Finance has proposed raising the tax to 1.3-2 percent. A three percent rate is also [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
China Business News