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.
Domestic cement consumption volume will grow again in 2022, however, the gross profit margin of cement producers will face great pressure to maintain the current level due to great competition and high input costs.
In 2021, Vietnam has been actually facing Covid-19 pandemic on a much larger scale and severity than that in 2020. The economy, therefore, is severely affected and also reveals many problems, both in the short and medium term.