Cement consumption increases by 2.6% over the same period

Cement consumption increases by 2.6% over the same periodCement packs loaded for export at Thi Nai Port (Photo: VNA)

NDO – According to statistics from the Ministry of Construction, in March, consumption of cement products reached about 8.87 million tonnes, up 1.5% over the same period last year, of which domestic consumption was about 5.02 million tonnes.

Accumulation of the first quarter of 2021, total cement consumption reached 21.6 million tonnes, up 2.6% year-on-year, in which, domestic consumption reached 13.48 million tonnes, and cement export reached 3.59 million tonnes, up 9.5%; while clinker export was estimated at 4.53 million tonnes, a year-on-year increase of 7.3%.

At the same time, the amount of cement in stock nationwide in the first three months of the year totals about 4.6 million tons, equivalent to 20 to 25 days of production, mainly clinker.

According to experts, although this is the slowest time for cement consumption in the year, the consumption results are quite positive. In the context that the COVID-19 epidemic has been effectively controlled and the path to economic recovery is becoming more and more clear, cement production is expected to increase as major construction projects are about to be deployed in the near future.

News Related

OTHER NEWS

Reference exchange rates up 10 VND

The daily reference exchange rate set at 23,170 VND per USD on May 18. (Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,170 VND… Read more »

TECNO TAIVOS™ Lab: How can signal processing and AI Imaging build the ultimate selfie

HONG KONG SAR – Media OutReach – 18 May 2021 – TECNO, a rising global smartphone brand, is taking huge steps forward with its cutting-edge innovations in AI-enhanced photography through its TECNO TAIVOS™ Lab. Set… Read more »

Firms warned of difficulties amid Indian Covid-19 outbreak

The Ministry of Industry and Trade has warned local companies of challenges when doing business with Indian partners during the South Asian country’s Covid-19 outbreak. According to the ministry’s Asian Market Department, Covid-19… Read more »

WB Most of Vietnam s economic indicators in April good

Vietnam’s industrial production continued its strong growth momentum in April, increasing by 1.1% compared to March, 24.1% higher than the same period in 2020. Modern Diplomacy: Vietnam well poised to meet challenges of… Read more »

Vietnam sees 480 pct surge in cars imported from China

Industry insiders explain the increasing popularity of cars imported from China to good designs and modern features. Despite the major increase, however, China remained the third largest CBU cars supplier for Vietnam in… Read more »

Latest Covid-19 outbreak thwarts hospitality industry revival

During the four-day (April 30-May 3) holiday, the central city of Da Nang served 74,000 visitors, down 42 percent compared to the city’s estimation, according to the municipal Tourism Department. All events and… Read more »

Vietnam receives over 17 billion USD in remittances

This represents a rise of nearly 3 per cent over 2019, a very positive result compared to the previous forecast in the context of the COVID-19 pandemic. According to the World Bank, Vietnam… Read more »

Regulation on apartment tax outdated: experts

Advertisements for apartments for lease are stuck on the façade of a building. Owners of apartments for lease will be subject to higher taxes than other service providers – PHOTO: TNO HCMC –… Read more »

Jewellery training now enjoys generous SkillsFuture Funding

SINGAPORE – Media OutReach – 18 May 2021 – As part of a concerted effort by SkillsFuture Singapore, Workforce Singapore, Enterprise Singapore and the Ministry of Trade and Industry, and thanks to the strong support of the… Read more »

MoU inked for enhanced capacity of support industry firms

At the event (Photo: VNA) Hanoi (VNA) – Toyota Motor Vietnam Co., Ltd. and the Ministry of Industry and Trade’s Industry Agency on May 17 signed a memorandum of understanding (MoU) on their… Read more »

Vietnam and Japan tighten partnership

Japan will remain steadfast in boosting diplomatic relations with Vietnam and supporting the country in infrastructure development, especially in the fields of transportation, energy, environment, and space cooperation.  Prime Minister Pham Minh Chinh… Read more »

Vietnam ongoing economic recovery affected by fourth Covid-19 outbreak: WB

Vietnam’s ongoing economic recovery can be negatively affected by the fourth Covid-19 outbreak, started in late April.  Source: World Bank According to the World Bank, the Covid-19 resurgence has led to a sharp… Read more »

Bac Kan launches OCOP e-commerce floor

Screenshot of the e-commerce floor (Photo:backanmarket.vn) Bac Kan (VNA) – Authorities in the northern mountainous province of Bac Kan signed a deal with the Kim Nam Group on May 17 to launch the… Read more »

Swiss-Vietnamese Business Gateway to establish representative board

Ambassador Le Linh Lan speaks at SVBG debut ceremony (Photo: VNA) Geneva (VNA) – The non-profit Swiss-Vietnamese Business Gateway (SVBG) decided at a meeting on May 15 to establish a representative board comprising… Read more »

Gaming laptop sales surge as Covid keeps people home

CellphoneS, which has 48 stores, said sales have been up five times in recent weeks. Prices have risen by 10 percent due to low supply, and are set to rise further, it said.… Read more »

The dilemma of Vietnamese smartphone brands

The latest market exit of a Vietnamese smartphone brand is VinSmart, the smartphone manufacturing unit of Vietnam’s biggest private conglomerate Vingroup. The company announced in a statement earlier this month that it will… Read more »

Binh Dinh gives green light for forming steel plant, int’l port projects

A vessel docks at a seaport. The government of Binh Dinh Province has given the green light for surveying and studying a steel plant and international general port projects in the province’s Phu… Read more »

Steel exports surge 50% despite steel price upsurge

A man works at a steel production plant. Vietnam’s exports of steel and iron increased 50.4% in the first four months of 2021 – PHOTO: VNA HCMC – Vietnam’s exports of steel and… Read more »

Ca Mau builds geographical indication certification for black tiger shrimp

NDO – In order to promote the branding of Ca Mau black tiger shrimp, the provincial Department of Science and Technology has coordinated with the Centre for Sustainable Rural Development to develop a… Read more »

Promoting proactiveness and flexibility in consumption of agricultural products

NDO – Due to the new and complicated developments of the COVID-19 pandemic in the country and the world, the production, business and consumption of agricultural products in many localities continues to face… Read more »

Inflation expected to be reined in for 2021

NDO – In a bid to continue successfully controlling inflation this year amid a rise in local consumption, the government is taking drastic action, with the stabilisation of prices of key items in… Read more »

Most of Vietnam's economic indicators in April were good: WB

NDO – The World Bank Vietnam has announced its updated report on Vietnam Macro Monitoring in May 2021, which states that most of Vietnam’s economic indicators in April were good. However, it warns… Read more »

Stocks retreat on strong sell-off pressure

Employees of a securities firm in HCMC monitor stock prices. The VN-Index of the Hochiminh Stock Exchange lost ground today – PHOTO: THANH HOA HCMC – Many stocks lost ground due to heavy… Read more »

Auto imports from China surge in Jan-Apr

Auto imports from China. CBU car imports from China surged in the January-April period this year – PHOTO: VNA HCMC – Vietnam spent US$247 million importing more than 6,600 completely-built-up (CBU) cars from… Read more »

Binh Dinh gives in-principle approval to urban, eco-tourism project

Binh Dinh gives in-principle approval to urban, eco-tourism project. – Illustrative image (Photo: http://binhdinhinvest.gov.vn/) Binh Dinh (VNA) – The People’s Committee of the south-central coastal province of Binh Dinh has given in-principle approval… Read more »

VN-Index dragged down by Masan, Vinamilk tickers

The index rose by up to 11 points in the morning but started gradually falling during the rest of the day to close with a near 8-point drop. Trading value on the Ho… Read more »

Hyundai recalls cars to replace faulty anti-lock brake fuse

Out of the defective vehicles, 20,374 were locally assembled between August 2017 and December 2020, while the rest were imported between July 2015 and May 2020. Drivers of the recalled cars could have… Read more »

Finance ministry urges transparency in budget allocation for Covid-19 fight

Provinces/cities are urged to stay active in allocating their provincial budget and other legal financial means to aid the Covid-19 fight, ensuring efficiency and transparency during the process.  Covid-19 testing in Hanoi. Photo:… Read more »

Binh Dinh mulls steel mill, port complex project

At a steel mill (Illustrative photo: VNA) Binh Dinh (VNA) – The Chairman of the People’s Committee of the south-central coastal province of Binh Dinh has approved the conduct of a feasibility study… Read more »

Trend Micro Launches First and Only SecOps Solution to Slay Open Source Code Bugs

Built with Snyk, this Trend Micro Cloud One service saves time per vulnerability and improves visibility and tracking automation HONG KONG SAR – Media OutReach – 17 May 2021 – Trend Micro Incorporated (TYO: 4704;… Read more »

HCMC to spend VND8 trillion more on anti-flooding projects

A motorcyclist wades through a heavily flooded street in HCMC after heavy rain. HCMC has plans to kick off 12 anti-flooding projects worth over VND8 trillion this year – PHOTO: VNA HCMC –… Read more »

Vietnam’s 2021 import-export revenue expected to reach $600 bln

The bright trade signal came after Vietnam’s success in fighting the COVID-19 pandemic, said Tran Thanh Hai, Deputy General Director of the Agency of Foreign Trade under the Ministry of Industry and Trade.… Read more »

Land bubble drives investors into despairs

Now, just a few people from other places came to ask to buy land in Tan Loi Commune in Hon Quan District. The owner of a beverage shop said that more than 2… Read more »

Vietnam earns US$362 million from rice exports in April

This brought the total volume of rice exported in the first four months of this year to 1.9 million tons, worth $1.01 billion, down 10.8 percent in volume but up 1.2 percent in… Read more »

Central province seeks approval for $27-bln LNG project by US firm

It includes an LNG plant, a dock and warehouses to be built by U.S. company Millennium Energy, it said in its proposal to the government. They will be built in the south of… Read more »

Domestic consumption, exports of steel surge

Exports hit 2.1 million tons and local sales, 9.84 million tons, according to data from the Vietnam Steel Association (VSA). Steel production rose 38 percent year-on-year to 10.48 million tons, enough to fully… Read more »

Vietnam s rice exporters urged to utilize FTAs to boost shipments

Vietnamese rice exporters have been urged to play a more active role in utilizing free trade agreements (FTAs) to which Vietnam is a party to boost falling exports. Philippines becomes Vietnam’s largest rice… Read more »

Vinhomes eyes 24 pct profit jump

Major housing projects that would fetch revenues include Vinhomes Ocean Park and Vinhomes Smart City in Hanoi and Vinhomes Grand Park in Ho Chi Minh City, the company said in a statement. The… Read more »

Landlords await tenants as empty space increases

With retail spaces finding it hard to attract tenants, landlords are banking on foreign investors expanding chains – PHOTO: THANH TAO HCMC – As a result of the ongoing Covid-19 pandemic, the rental… Read more »

Vietnam s cassava exports enjoy surge in first four months of 2021

Exports of cassava and cassava-based products were estimated to be worth $443 million in the first four months of the year, a year-on-year increase of 23.9 percent, according to the Agro Processing and… Read more »

Vietnam earns 362 million USD from rice exports in April

Bags of rice loaded onto a ship for export. (Photo: VNA) Hanoi (VNS/VNA) – The volume of rice exported last month is estimated at 700,000 tonnes with a value of 362 million USD.… Read more »

Gov’t seeks to allow HCMC to retain 23% budget revenue, up from current 18%

HCM City is the country’s economic powerhouse with a significant GDP contribution to the national budget, Vietnam News Agency cited PM Chinh. Professor Tran Hoang Ngan, director of the HCM City Development Research Institute,… Read more »

Industrial production up 10 percent in first four months of 2021

Vietnam’s national index of industrial production advanced 10 percent year on year in the first four months of this year, according to the country’s General Statistics Office. Mo tả ảnh Read more »

Vingroup targets 54 percent revenue growth

It targets post-tax profit of VND4.5 trillion in 2021, approximately the same as last year. It plans to boost its business activities in all its core sectors of technology, industry and services this… Read more »

Reference exchange rate down by 16 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,160 VND per USD on May 17 (Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,160… Read more »

Cloud Comrade Brings Patented Advanced Data Security Solution to Asia-Pacific Customers

SINGAPORE – Media OutReach – 17 May 2021 – Singapore-headquartered cloud consulting company Cloud Comrade is onboarding a next-generation cloud-native data security technology that will be available in Singapore and the Asia-Pacific region… Read more »

Companies worried about hiring foreign experts under new academic strictures

South Korean electronics giant Samsung, one of the largest foreign direct investors in Vietnam, is worried that the new decree will pose challenges for its recruitment process. “In reality, there are many people… Read more »

South Korean firms prefer Hanoi to HCMC for office lease

In the event, they lease 60 percent more office space in Hanoi than HCMC, they study by real estate consultancy Savills found. For Japanese businesses, the ratio is roughly equal, indicating that they… Read more »

Industrial production up 10% in first four months of 2021

VNA Read more »

Hyundai Thanh Cong Vietnam to recall over 23,000 faulty cars nationwide

A South Korean – Vietnamese joint venture has announced its recall of more than 23,000 Hyundai Tucson cars in Vietnam for free replacement of anti-lock brake fuses. A total of 23,587 cars of… Read more »