Information from VietNam Cement Association showed that high price levels, low progress or in-difficulty situation of large infrastructure projects cause the market of building materials to show signs of slowing down. Difficulties in consumption, high inventory are common problems of construction material enterprises today.
According to data released by the World Cement Association (WCA), global cement production fell 8% year-on-year to 1.9 billion tons in the first six months of 2022. WCA belived the global decline due to the volume of cement produced in China decreased by 15% to 977 million tons. Ian Riley, Executive Director of WCA, said China's decline was the largest in more than 20 years, larger than any decline ever recorded.
Since March, most of Vietnam's main export markets have fallen sharply, in which the markets of Bangladesh, Taiwan, Malaysia, the Philippines, China... have plummeted in both volume and value. The increasingly difficult export has made the cement producers turn to concentrate resources to capture domestic market share.
The Covid-19 epidemic was basically controlled on a global scale, countries gradually removed epidemic prevention and control measures, supply chains and trade resumed, facilitating the recovery of the world economy. In addition to that, the Russian-Ukrainian war broke out pushing up the demand for raw materials and fuels in 2022.
On April 8, 2022, CHINFON CEMENT CORPORATION was honored with the Top 10 at the 2022 Golden Dragon Awards Ceremony held at InterContinental Hotel, Ho Chi Minh City. This is also the 20th consecutive year that the Company has received the Golden Dragon Award.
Many thermal power plants are worried about the lack of coal for power generation when the Vietnam National Coal - Mineral industries Holding Corporation Limited (TKV) and the Dong Bac Corporation do not supply enough ordered quantity. The Ministry of Industry and Trade emphasized that in any case, there should be no shortage of coal for power production
Today, the Council reached agreement (general approach) on the Carbon Border Adjustment Mechanism (CBAM) regulation, which is one of the key elements of the European Union’s ‘Fit for 55’ package.
The main objective of this environmental measure is to avoid carbon leakage. It will also encourage partner countries to establish carbon pricing policies to fight climate change.