The imbalance of supply and demand is still a hot story of the cement industry. This problem is even more worrying when in recent months, the export channel has continuously declined, domestic consumption has almost stagnated, while production costs have increased too much, posing a great threat to the operation of many cement plants.
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.