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Cement manufacturers have raised prices by VND100,000-150,000 (US$4.40-6.60) /t, or by 5.5-8.3 per cent, in Vietnam, claiming production costs have ri. ....
Cement and clinker market in Vietnam predicted to develop in 2021 11:24 | 14/06/2021 Outlook for the domestic cement market is rather positive Given weakened domestic demand and the rise in fuel costs, listed cement manufacturers recorded deteriorating average earnings before interest, taxes, depreciation and amortisation (EBITDA) from 17.0 per cent in 2019 to only 15.8 per cent in 2020. Domestic cement consumption reached 62.1 million tonnes in 2020, declining by 5.6 per cent on-year due to a negative impact of COVID-19. By region, sales in the north and the south contracted by 8.2 and 6.5 per cent, respectively, while Central Vietnam recorded a slight increase by 1.8 per cent thanks to the rebuilding and reconstruction after the heavy storms in the summer 2020 and a boost in the construction of industrial parks. ....
Vietnam becoming an R&D hub for global tech giants By Luu Quy April 19, 2021 | 09:10 am GMT+7 Samsung Electronics is building a $220-million R&D center in Hanoi, and U.S. chip company Qualcomm has set up its first R&D facility in Southeast Asia in Vietnam. An artist s impression of Samsung Electronics research and development center in Tay Ho District, Hanoi. Photo courtesy of Samsung. The former is expected to be completed in 2022 and employ 3,000 engineers. The South Korean giant also has other R&D centers in Vietnam to research into mobile devices, household electrical appliances, artificial intelligence, and data analysis. ....