Cement gets shifted to stabilize south market

The Viet Nam Cement Industry Corporation (Vicem) shifted 30,000-50,000 tonnes of cement to Ha Tien 1 Co in the south on Wednesday.

This move aimed to stabilize the cement market in the south. The transportation would be completed within 10 to 15 days, according to the Ministry of Construction.

Ha Tien 1 Co would offer the cement at a price of 53,500 VND per bag (50kilo/bag), while the retail cement price on the black market stands at 78,000-80,000 per bag.