Cement exports in 2023 continue to decline because the Chinese market reduces imports due to real estate has not recovered, the Philippines applies taxes on cement of dozens of Vietnamese enterprises...

Từ ngày 27/3/2023 – 28/5/2023, Xi măng CHINFON mang chương trình khuyến mãi cào thẻ siêu hot quay trở lại 8 tỉnh/thành miền Trung và Nam Bộ bao gồm Đà Nẵng, Quảng Nam, Quảng Ngãi, Phú Yên, Lâm Đồng, Đồng Nai, Hồ Chí Minh và Vũng Tàu với những phần thưởng vô cùng giá trị như xe máy điện Vinfast, tivi Samsung, máy lọc nước Appollo,... cùng rất nhiều quà tặng hấp dẫn khác.

On March 17, 2023, CHINFON CEMENT CORPORATION has received Golden Dragon Award (GDA) at the GDA Ceremony held at Dang Nang City's Administrative Centre. This is the 21st consecutive year the Company received the Award.

The current supply of cement has far exceeded the demand, but will continue to be added in 2023, causing the oversupply to widen further, while the forecast for cement consumption in the domestic market does not show any positive signs. These factors force the cement industry continue to struggle to balance supply - demand, regulate production - consumption to avoid increasing inventory.

On the occasion of Lunar New Year 2023, Chinfon Cement Corporation have given 500 gifts to the poor and the people in difficulties in Minh Duc town, Minh Tan and Gia Duc communes, Thuy Nguyen district, Hai Phong city.

Entering the last months of the year, in contrast to previous years, cement consumption demand tended to slow down due to construction projects boosted the purchase of construction materials last month. On the other hand, the purchasing power of the market was somewhat reduced due to limited cash flow and economic difficulties in the residential area.

The decrease in the quantity of cement and clinker export in 2022 is not surprising, but had been forecasted by experts in advance. Consumption of cement in the domestic market is slow, cement exports are weak, leading to a serious oversupply situation causing difficulties for businesses in the cement industry.

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.