Vicem efforts for growth goals

Dominating the domestic production market share with a ratio of nearly 40%, the Vietnam Cement Industry Corporation (Vicem) always attaches great importance to corporate governance in the most advanced and effective manner. Along with that, the drastic management of the leaders has helped Vicem achieve impressive numbers in 2018.
Right from the first quarter of 2018, during the Conference to report to the Prime Minister's Working Group, General Director Vicem Bui Hong Minh has set a goal to strive to produce over 20 million tons of cement, an increase of 4.5%. compared to 2017; consumed nearly 29 million tons, up 11.2%; revenue and other income reached VND 39.5 trillion, an increase of 15.7% and profit before tax of over VND 3 trillion ...

Determined to turn words into actions, turn goals into reality, strive to increase productivity from 5-7%, Vicem's staff and employees have made endless efforts, General Director Bui Hong Minh said will.

Currently, it is less than 2 months before the end of 2018, but with high production and consumption of clinker and cement in the past months, it can be confirmed that Vicem will successfully finish the plan.

In the third quarter of 2018, Vicem's clinker production reached over 5 million tons, up 0.1% over the same period; Accumulated 9 months of 2018 reached 15.1 million tons, up 5.1% over the same period. At the same time, cement production also reached over 5 million tons, up 12.5% ​​over the same period; Accumulated 9 months of 2018 reached over 17.2 million tons, up 8.2% over the same period.

Also in the third quarter of 2018, total clinker and cement consumption reached over 7 million tons, up 20.1% over the same period; in particular, cement consumption including export output reached nearly 5.9 million tons, up 8.5% over the same period. Accumulated total product consumption in the first 9 months of 2018 reached 21.35 million tons, up 13.7% over the same period in 2017.

Growth in both output and revenue, Vicem has contributed to the growth of the construction industry in particular and economic growth in general based on the two main pillars of maximizing internal resources and taking advantage of production capacity. society. Not satisfied with the results achieved, Vicem continued to apply scientific and technological advances, combined with depth improvement, handling bottlenecks in the technological line to optimize production and improve equipment productivity, product quality improvement; clinker production exceeded the design capacity from 5 - 6%.

Currently Vicem is applying advanced management technology, striving to compete as major corporations in the region and in the world. At the same time, Vicem is implementing a plan to digitize cement plants; simultaneously installing an environmental monitoring system to ensure development.

The whole Vicem system is making great efforts for the rest of 2018 to exceed the plan. Expected growth figure is at 14%
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