Price increases for raw materials and cement continue
- 115
- Business
- 02:59 11/07/2022
DNHN - In 2022, the cement industry will be under pressure to raise input costs due to increases in the price of raw materials, with coal accounting for around 30% of the cost structure for cement manufacturing.
The price of raw materials for cement manufacture, such as gasoline and coal, has risen dramatically, causing the production cost of this item to rise consistently.
This is also why many cement makers altered their market selling prices in June.
This is also the third increase in cement makers' selling prices in 2022. Notably, while the price of steel has fallen, the price of cement has continued to rise rapidly.
On June 20, several cement companies raised their rates. VICEM Hoang Mai Cement Joint Stock Company, in particular, changed the selling price of bagged and bulk cement products manufactured by this firm by 70,000 VND/ton and applied to Thanh Hoa provinces, Nghe An, Ha Tinh, Quang Binh, Quang Tri, and Thua Thien Hue.
From June 22, VICEM Bim Son Cement Joint Stock Company increased the price of cement products in bags and loose by 70,000 VND/ton; Long Son Cement Company increased by 60,000 VND/ton for all brands of bulk cement; VICEM Hoang Thach Cement Company increased from 50,000 to 80,000 VND/ton for multi-purpose and industrial PCB40 bagged and loose cement, and VICEM Hai Van Cement Joint Stock Company increased by 50,000 VND/ton for bag
According to experts, the cement industry will experience pressure to increase input costs in 2022 due to higher input material prices, with coal accounting for around 30% of the cost structure for cement manufacturing.
Domestic cement consumption, on the other hand, will rise again as Vietnam accelerates the disbursement of public investment resources and the building of numerous vital transportation infrastructure projects.
Even though the selling price has been raised to offset production costs, cement companies will still face significant pressure to retain their present profitability due to intense competition and low input prices for raw materials and fuel.
PV
Related news
- Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
- Are Vietnamese firms overlooking their most valuable “gold mine”?
- Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
- After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
- When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
- When the tech unicorn dream is undermined by reckless fundraising structures
- From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
- Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
- Sunlight - Unilever Vietnam Recognized for Outstanding Contributions to the National Initiative Supporting Women Entrepreneurs
- Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
- Unitsky String Technologies signs cooperation agreements with three Vietnamese partners, opening a new direction for smart mobility and sustainable development
- When artists do business – livelihood is no poetry!
- Before the D‑day to abolish flat‑rate tax: Fear of technology and costs leave small traders struggling to adapt
- Vietnamese enterprises at a crossroads: the impact of a potential US–China deal
- "Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
- HDBank: Impressive profit growth, leading in profitability and advancing international integration
- TNI King Coffee sued for over VND 5 Billion in unpaid debts
- VINASME and Jeonnam Technopark Sign MOU on technology cooperation, human resource training, and trade promotion
- Vietnamese entrepreneurs strengthen ASEAN connectivity in the digital iIntegration era
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
Đọc thêm Business
CEO Nguyễn Tất Tùng: only by anchoring in culture and preserving national identity can Vietnamese entrepreneurs reach the world
In a setting imbued with the rich cultural essence of Kinh Bắc, the 15th anniversary celebration of Dragon Travel was far more than a typical corporate event.
Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
On the morning of April 21, at the Ministry of Science and Technology, the Agency for Technology Entrepreneurship and Commercialization Development announced the 2026 innovation agenda aligned with the National Strategy for Startup and Innovation.
Building and accumulating intangible assets: a sustainable competitive advantage
In an intellectually vibrant afternoon of the business community, a seemingly old question was raised again in a way that made the entire audience rethink from the beginning.
From cost optimization to “survival optimization”: Vietnamese firms confront supply chain volatility
A fresh surge in domestic fuel prices is not only squeezing household budgets but also triggering a quiet yet profound wave of concern across Vietnam’s business community.
What truly defines corporate value in a rapidly evolving digital era?
In the digital age, corporate value is no longer confined to tangible assets but increasingly resides in brand equity, data, and knowledge - intangible assets that ultimately determine competitive strength.
Are Vietnamese firms overlooking their most valuable “gold mine”?
In the digital economy, corporate value no longer primarily resides in factories or machinery. A growing body of research highlights a fundamental shift in how value is created.
Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
The outbreak of conflict in Iran since late February 2026 is sending significant shockwaves through the global economy.
After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
The article “When the Tech Unicorn Dream Is Undermined by Careless Capital-Raising Funds” pointed out legal risks and financial structural issues in the fundraising model related to the uST ecosystem.
When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
From a market operating in the "grey zone," cryptocurrency in Vietnam is entering a phase of reshaping as a series of Government orientations, decrees, resolutions related to digital assets, financial security.
When the tech unicorn dream is undermined by reckless fundraising structures
A green transport technology project in Belarus, thousands of kilometers from Vietnam has continued to attract capital from a significant number of Vietnamese investors.