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Prime Minister of Vietnam attends ceremony marking the 120th anniversary of the country's cement sector

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World Cement,

Prime Minister of the Socialist Republic of Vietnam, Nguyen Xuan Phuc, attended a ceremony in Hanoi on 10 January marking the 120th anniversary of Vietnam’s cement sector. He also presented the Government’s Emulation Flag to the Vietnam Cement Industry Corporation.

As reported by Vicem Chairman Bui Hong Minh, after 120 years of development, Vietnam’s cement sector has now expanded and has an annual export volume of 30 million t. In 2019, Vicem brought in a revenue of more than VND 36 trillion (US$1.55 billion), posting profits of VND 3.3 trillion (US$142.76 million.) Speaking at the event, Minister of Construction, Pham Hong Ha, discussed how the corporation has effectively implemented the government’s directions in the task of guiding, regulating and stabilising the domestic market.

To meet the requirements in the cause of innovation, industrialisation and modernisation, Vicem has been asked to continue investing in the development of production capacity in accordance with the market planning and requirements, in addition to accelerating innovation and the application of scientific, technical and managerial advances, to thoroughly save resources, energy and fuel, and to protect the environment.

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