Prime Minister attends ceremony to mark 120th anniversary of Vietnam’s cement sector

Saturday, 2020-01-11 10:10:25
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PM Nguyen Xuan Phuc (C) attends the ceremony marking the 120th anniversary of Vietnam's cement industry. (Photo: VGP)
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NDO – Prime Minister Nguyen Xuan Phuc attended a ceremony in Hanoi on January 10 marking the 120th anniversary of Vietnam’s cement sector and presented the Government’s Emulation Flag to the Vietnam Cement Industry Corporation (Vicem).

As reported by Vicem Chairman Bui Hong Minh, after 120 years of development, Vietnam’s cement sector has now expanded its scale to over 100 million tonnes, with an annual export volume of 30 million tonnes.

In 2019, Vicem raked in revenue of more than VND36 trillion (US$1.55 billion), posting profits of VND3.3 trillion (US$142.76 million), he said.

Speaking at the event, Minister of Construction Pham Hong Ha lauded Vicem’s development over recent years, emphasising that the corporation has effectively implemented the Government’s directions in the task of guiding, regulating and stabilising the domestic market.

To meet the requirements in the cause of innovation, industrialisation and modernisation, he asked Vicem to continue investing in the development of production capacity in accordance with the market planning and requirements, in addition to accelerating innovation and the application of scientific, technical and managerial advances, to thoroughly save resources, energy and fuel, and to protect the environment.

PM Nguyen Xuan Phuc (third from left) presents the Government's Emulation Flag to Vicem. (Photo: VGP)