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Vietnam Cement Comprehensive Report Q3/2016

September 2016 | 123 pages | ID: V7D74CC4DCDEN
Vietnam Industry Research And Consultant (VIRAC)

US$ 1,995.00

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This report provides a comprehensive analysis of the global and Vietnam cement market including the historical data and forecast figures. The report further reveals market drivers, opportunities, restraints, and challenges to be faced in the Vietnam market.

In 2015, the Vietnam cement industry continued to oversupply with the using rate of 64% of the total production, excluding export value, and this situation seems to keep going on in the near future. However, the cement demand might change significantly due to the rising of infrastructure and real estate projects, but this is not guaranteed.

The quality of cement production depends on two factors: raw material and technology & equipment. Limestone used as raw material to manufacture portland cement have to satisfy the requirements of quality content of MgO and CaO. In terms of technology, manufacturing enterprises use rotary kiln dry method with two major equipment lines derived from the G7 countries and China. G7 machinery will provide higher productivity, however, materials play a more important role in deciding the quality of cement so small firms can consider Chinese equipment, while those from G7 countries are still the best choice for large enterprises.

Logistic is still a weakness of Vietnam cement companies. The linker supply in the North is redundant, while the demand in the South is increasing, which results to the transportation of linker from the North to the South. Difficulties in shipping process cause the transporting cost higher, making the cement price in the South more expensive than in the Middle and in the North. Besides, cement price in Vietnam is predicted to rise due to the climbing of material and energy cost, which may lead to the lower efficiency of the industry.

In the near future, direct sale to projects and industrial customers may become the main trend of the industry. There are 3 groups of cement supply in Vietnam: companies under VICEM accounting for 27% of total capacity in Vietnam, foreign enterprises and private companies with large scale. The internal competition is very stiff, with the development and dominance of large brands, smaller firms are facing bankruptcy or being merged to as they are not capable to compete with the big.

This report provides a comprehensive review about the global and Vietnam beverage industry based on specific and trustworthy data, particularly regarding:
  • An overview of the international and domestic industry including the data about supply – demand, market shares, advantages and disadvantages, internal competition, sale strategies of retails as well as development trends of the industry in the future.
  • Detail information, including current status and potentials of Vietnam market: the production – consumption, import – export, market shares, revenue structure, inventories and major brands in the market.
  • Some forecasts in the near future and risks analysis when joining the industry.
  • Risk analysis through SWOT and 5 – forces analyzing.
  • Details about top enterprises in the market.
EXECUTIVE SUMMARY

1. BUSINESS ENVIRONMENT

1.1 Macroeconomic Situation
  Figure 1. GDP Growth, 2010 – 6months/2016
  Figure 2. CPI, 2014 – 6/2016
  Figure 3. Foreign exchange reserves
  Figure 4. VND/USD Exchange rates
  Figure 5. State budget deficit
  Figure 6. State investment at compared prices by kinds of economic activity
  Figure 7. State investment at current prices by kinds of economic activity
  Figure 8. FDI in Vietnam, 2010 – 6 months/2016
  Figure 9. FDI structure by sectors, 6 months/2016
1.2 Legal Barriers
  Table 1. Demand forecasts for 2011 – 2030
  Table 2. Concentration level of some parameters
  Table 3. Environmental Protection Tax rate applied since Jan 1st, 2012
  Table 4. Natural Resources Tax rate applied since Feb 1st, 2014
  Table 5. Import Export Tariff applied since 2014
1.3 Free Trade Agreement
  Figure 10. FDI 2006 – 6 months/2016e

2. INDUSTRY OVERVIEW

2.1 Global Cement Industry Situation
  2.1.1 Consumption
  Figure 11. Cement consumption in the world
  Figure 12. Cement consumption by country, 2014
  2.1.2 Production
  Figure 13. Global cement production
  Figure 14. Production by regions, 2014
  Figure 15. Largest cement producers in the world by country, 2014
  2.1.3 Export
  Figure 16. Global cement export, 2010 – 2015e
  Figure 17. Top biggest cement exporters worldwide 2015e
  2.1.4 Import
  Figure 18. Global cement import, 2010 – 2015e
  Figure 19. Top 10 highest cement and clinker importers by nation, 2014
  2.1.5 Price Movement
  Figure 20. Movement of average cement price in the world, 2000 – 2015e
  2.1.6 Production and Consumption Situation in typical countries
  2.1.7 Production and Consumption Situation in ASEAN
  2.1.8 Key Players in the industry
2.2 Vietnam Cement Industry Situation
  2.2.1 History of Vietnam Cement Industry
  2.2.2 Definition and Classification
  2.2.3 Fundamental Manufacturing Process
  2.2.4 Scale and Market Share
  Figure 21. Allocation of manufacturing enterprises by region, 2014
  Figure 22. Allocation of cement production lines by region, 2015
  Figure 23. Market shares by key players, 6 months/2016
  2.2.5 Raw materials
  Figure 24. Cost of Goods Sold (based on clinker cost structure of leading firms)
  Figure 25. Supply, demand and power lost, 2010 – 2015
  Figure 26. Structure of electricity consumption by section
  Figure 27. Structure of electricity consumption by industry
  Figure 28. Average electricity price, 1/2007 – 6/2016
  Table 6. Average electricity price by country
  Figure 29. Coal reserves by region
  Figure 30. Forecast of Coal demand and supply, 2015 – 2030
  2.2.6 Production Technology
  Figure 31. Cost Per Unit of building cement plant
  Figure 32. Cost Per Unit of typical projects
  Table 7. Capacity of machinery from G7 and China
  Table 8. Cost per unit of machinery from G7 and China
  Table 9. Comparison of level of (Fr.Cao) in clinker heated in G7 and China Kiln
  Table 10. Maintenance Costs of equipment from G7 and China
  2.2.7 Supply-Demand
  Figure 33. Domestic production – consumption, 2010 – 6 months/2016e
  Figure 34. Cement supply – demand, 2010 - 2015
  Figure 35. Cement Supply and Demand in the Central, 2010 – 6 months/2016e
  Figure 36. Cement Supply and Demand in the North, 2010 – 6 months/2016e
  Figure 37. Cement Supply and Demand in the South, 2010 – 6 months/2016e
  2.2.8 Clinker and Cement Manufacturing
  Figure 38. Cement production volume, 2010 – 6 months/2016e
  Table 11. Large enterprises in the North in 2015
  Table 12. Large enterprises in the Central in 2015
  Table 13. Large enterprises in the South in 2015
  2.2.9 Consumption
  Figure 39. Structure of consumption by region, 2010 – 6 months/2016e
  Figure 40. Cement consumption by month, 2015 – 6/2016e
  Figure 41. Cement consumption growth by region, 2010 – 6 months/2016e
  2.2.10 Clinker and Cement Export
  Figure 42. Top 6 biggest cement exporter worldwide 2015e
  Figure 43. Export of cement and clinker, 2010 – 6 months/2016e
  Figure 44. Major export market, 6 months/2015 – 6 months/2016
  Figure 45. Cement manufacturers for export
  Table 14. Major importers
  2.2.11 Inventories
  Figure 46. Inventories, 2010 – 6 months/2016e
  2.2.12 Price Movement
  Figure 47. Cement price, 6/2016
  Figure 48. Average cement price, 6/2016
  2.2.13 Distribution Channel
  2.2.14 Logistic System
  Table 15. List of harbors and ports of cement enterprises
2.3 Industry Risks
  2.3.1 Major Rinks
  Table 16. List of delayed and cancelled plants in the Master plan
  Figure 49. Structure of implementation progress of constructions, 2010 – 2015
  2.3.2 SWOT Analysis
  2.3.3 5-Forces Analysis
2.4 Industry Planning
  2.4.1 Cement Industrial Planning
  2.4.2 Construction and Real Estate Industrial Planning
2.5 Prospects and Forecasts
  2.5.1 Industry Driving Force
  2.5.2 Driving Forces for Output Industry
  Figure 50. Forecast on construction and infrastructure
  Figure 51. Population growth
  2.5.3 Global Forecast– Ministry of Industry and Trade
  2.5.4 Domestic Forecast
  Figure 52. Forecast of Cement industry, 2016f – 2020f

3. ENTERPRISE ANALYSIS

  Table 17. Top typical enterprises, 2015
3.1 Revenue and Profit analysis
  Figure 53. Business situation of cement enterprises 2015
  Figure 54. Net profit and profit growth of enterprises 2015
3.2 Operation Ratios
  Figure 55. Receivables turnover of enterprises 2014 – 2015
  Figure 56. Inventory turnover of enterprises 2014 – 2015
  Figure 57. Asset utilization rate of enterprises 2015
3.3 Financial Strength
  Figure 58. Repayment capacity ratios of enterprises 2015
  Figure 59. Solvency Ratios of enterprises 2015
3.4 Management Effectiveness
  Figure 60. ROA and ROE ratios of companies in the industry 2014 -2015

4. APPENDIX


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