VICEMâs shift to sustainability
Published 09 February 2021
Vietnam’s cement industry has expanded significantly over the years, leading to considerable overcapacity – a particularly challenging issue given the COVID-19 pandemic which resulted in sales falling. In response, market leader VICEM has shifted its focus to building a more sustainable production base and supplying ‘greener’ products.
VICEM’s focus has shifted from expanding production capacity to building a more sustainable production base
Owned by the Vietnamese state, the original cement plant of the Vietnam Cement Industry Corp (VICEM), Hai Phong XI Mang, was built in 1899. As a company, VICEM was formerly known as the Union of Cement Enterprises, which was established in 1979 and renamed the Vietnam Cement Corp in 1994.