Bussiness


Cement firms face low demand

The Viet Nam Construction Materials Association has suggested the Government and Ministry of Construction review the list of cement production projects being developed and remove some in order to ...

The pillar of Vietnamese industries gets shaky

Hundreds of mechanical engineering enterprises have shut down or announced bankruptcy so far this year. Meanwhile, mechanical engineering, for the last many years, has been considered the key ...

Vietnamese cement products head for African market

Vietnam aims to export six million tonnes of cement products, including 500,000 tonnes of cement and 5.5 million tonnes of clinker, by 2012, primarily to the African market, according to the Vietnam ...

Cement production to meet demand in 2012

Supply of cement will meet domestic market demands next year, according to the Ministry of Construction.

Vietnam tasting another bitter lesson in cement industry development

Four out of the 16 cement plant projects, which were guaranteed by the government when borrowing capital from foreign sources, have entreated help of the Ministry of Finance to pay due debts. The ...

Steel and cement avoid export taxes

After scrutinising recommendations from relevant associations, the Ministry of Finance yesterday said it would not impose the previously proposed export tax of 3 per cent on steel and 5 per cent on ...

Steel consumption slumps in June

The Viet Nam Steel Association (VSA) has reported a June slump in both steel production and consumption due to a Government cut in expenditure.

Top property developers struggle with debt burdens

- Real estate developers have become burdened with debt due to the frozen state of the market and high lending interest rates

Country faces steel glut as new plants go online

Vietnam faces a gigantic building steel surplus when five new high-capacity plants become operational late this year.

Realty market almost reaches freezing point

The property market, especially the residential segment, has almost touched the freezing point, with most high-profile developers holding a downbeat view on 2011 and having revised down their ...

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