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Vietnam Cement Standard Report 2015

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This report provides a comprehensive analysis of the global and Vietnam cement market including the historical data and forecast figures. The report further reveals market drivers, opportunities, restraints, and challenges to be faced in the Vietnam market.

In 2015, the Vietnam cement industry continued to oversupply with the using rate of 64% of the total production, excluding export value, and this situation seems to keep going on in the near future. However, the cement demand might change significantly due to the rising of infrastructure and real estate projects, but this is not guaranteed.

The quality of cement production depends on two factors: raw material and technology & equipment. Limestone used as raw material to manufacture portland cement have to satisfy the requirements of quality content of MgO and CaO. In terms of technology, manufacturing enterprises use rotary kiln dry method with two major equipment lines derived from the G7 countries and China. G7 machinery will provide higher productivity, however, materials play a more important role in deciding the quality of cement so small firms can consider Chinese equipment, while those from G7 countries are still the best choice for large enterprises.

Logistic is still a weakness of Vietnam cement companies. The linker supply in the North is redundant, while the demand in the South is increasing, which results to the transportation of linker from the North to the South. Difficulties in shipping process cause the transporting cost higher, making the cement price in the South more expensive than in the Middle and in the North. Besides, cement price in Vietnam is predicted to rise due to the climbing of material and energy cost, which may lead to the lower efficiency of the industry.

In the near future, direct sale to projects and industrial customers may become the main trend of the industry. There are 3 groups of cement supply in Vietnam: companies under VICEM accounting for 27% of total capacity in Vietnam, foreign enterprises and private companies with large scale. The internal competition is very stiff, with the development and dominance of large brands, smaller firms are facing bankruptcy or being merged to as they are not capable to compete with the big.

This report provides a comprehensive review about the global and Vietnam beverage industry based on specific and trustworthy data, particularly regarding:

An overview of the international and domestic industry including the data about supply-demand, market shares, advantages and disadvantages, internal competition, sale strategies of retails as well as development trends of the industry in the future.

Detail information, including current status and potentials of Vietnam market: the production-consumption, import-export, market shares, revenue structure, inventories and major brands in the market.

Some forecasts in the near future and risks analysis when joining the industry.

Risk analysis through SWOT and 5-forces analyzing.

Details about top enterprises in the market.


Table Of Content


Executive Summary

1. Business Environment

1.1 Macroeconomic Situation

Figure 1. GDP Growth, 2008-2015

Figure 2. CPI, 2010-2015

Figure 3. Foreign exchange reserves

Figure 4. VND/USD, 2010-2015

Figure 5. State budget Deficit

Figure 6. State investment at current prices by kinds of economic activity

Figure 7. FDI in Vietnam, 2010 -Q1/2016

1.2 Legal Barriers

Table 1. Demand forecasts for 2011-2030

Table 2. WHRPG System

Table 3. Concentration level of some parameters

Table 4. Environmental Protection Tax rate applied since Jan 1st, 2012

Table 5. Natural Resources Tax rate applied since Feb 1st, 2014

Table 6. Import Export Tariff applied since 2014

2. Industry Overview

2.1 Global Cement Industry Situation

2.1.1 Consumption

Figure 8. Cement consumption in the world

Figure 9. Cement consumption by country, 2014

Figure 10. Global cement demand

Figure 11. Cement consumption by country, 2014

2.1.2 Production

Figure 12. The world cement production

Figure 13. Production by regions, 2014

Figure 14. Largest cement producers in the world by country, 2014

2.2 Vietnam Cement Industry Situation

2.2.1 History of Vietnam Cement Industry

2.2.2 Definition and Classification

2.2.3 Fundamental Manufacturing Process

2.2.4 Scale and Market Share

Figure 15. Allocation of manufacturing enterprises by region

Figure 16. Allocation of cement production lines by region

Figure 17. Market shares by key players, 2014

2.2.5 Supply-Demand

Figure 18. Domestic production -consumption, 2010-2015

Figure 19. Cement Supply and Demand in the Central, 2010-2015

Figure 20. Cement Supply and Demand in the North, 2010-2015

Figure 21. Cement Supply and Demand in the Central, 2010-2015

Figure 22. Cement Production, 2010-2015

Table 7. Total capacity of some cement plants by the end of 2015

Table 8. Total capacity of some cement plants in the period 2016-2017

2.2.6 Clinker and Cement Manufacturing

Table 9. Large enterprises in the North in 2015

Table 10. Large enterprises in the Central in 2015

Table 11. Large enterprises in the South in 2015

2.2.7 Consumption

Figure 23. Structure of consumption by region, 2010 -Q1/2016

Figure 24. Cement consumption by month, 2015 -Q1/2016e

Figure 25. Cement consumption growth by region, 2011 -2015

2.2.8 Clinker and Cement Export

Figure 26. Top 6 biggest cement exporter worldwide 2014

Figure 27. Export of cement and clinker, 2010-Q1/2016

Figure 28. Major export market, Q1/2015-Q1/2016

Figure 29. Cement manufacturers for export

Table 12. Main features of major cement exporters in Vietnam

Table 13. Major importers

Table 14. Main features of major cement importers in Vietnam

2.2.9 Price Movement

Figure 30. Cement price, 4/2015

Figure 31. Average cement price, 4/2015

2.3 Industry Planning

2.3.1 Cement Industrial Planning

2.3.2 Construction and Real Estate Industrial Planning

2.4 Industry Driving Force

2.4.1 Cement Industry Driving Force

2.4.2 Output Industry (Real estate,..) Driving Forces

Figure 32. Forecast on construction and infrastructure

Figure 33. Population growth

3. Enterprise Analysis

Table 15. Top typical enterprises, 2015

3.1 Revenue and Profit analysis

Figure 34. Business situation of cement enterprises 2015

Figure 35. Net profit and profit growth of enterprises 2015

3.2 Operation Ratios

Figure 36. Receivables turnover of enterprises 2014-2015

Figure 37. Inventory turnover of enterprises 2014-2015

Figure 38. Asset utilization rate of enterprises 2015

3.3 Financial Strength

Figure 39. Repayment capacity ratios of enterprises 2015

Figure 40. Solvency Ratios of enterprises 2015

3.4 Management Effectiveness

Figure 41. ROA and ROE ratios of companies in the industry 2014 -2015

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Products and Companies


Vietnam Cement Industry


Ha Tien 1 Cement JSC.

Vicem Bim Son Cement JSC.

Vicem But Son Cement JSC.

Vicem Hoang Mai Cement JSC.

Vicem Hoang Thach Cement Company Limited

Nghi Son Cement Corporation

Chinfon Cement Corporation

The Vissai Cement Group

Quang Ninh Construction and Cement JSC.

Thang Long Cement JSC.