Cement Firms Experience Profitable Q2, Signalling Positive Future for Stocks
August 12, 2025 - 08:37
After a challenging first quarter, during which many companies recorded losses, the Vietnamese cement market has experienced a remarkable recovery, with several firms unexpectedly reporting substantial profits in the second quarter of 2025.
Turnaround in the Cement Sector
A notable example is Vicem Ha Tien Cement, which posted record profits, breaking an 11-quarter streak of poor performance. The company reported consolidated net revenue exceeding VNĐ1.93 trillion (US$73.6 million) and a remarkable net profit of over VNĐ112.3 billion.
Similarly, Vicem But Son Cement JSC recorded a bright financial picture, with net revenues of VNĐ672.2 billion in Q2, a slight decline of 2.8% from the same period last year, but a significant net profit of VNĐ12.4 billion.
Vicem Hoang Mai Cement also reported strong results, achieving revenues of VNĐ492 billion, nearly matching last year's figures, while net profit soared to VNĐ7.34 billion.
VVMI La Hien Cement saw a 19.1% increase in sales volume due to the recovery in the real estate market, leading to a 13.34% increase in net profit, reaching VNĐ13.66 billion.
Positive Outlook
While one strong quarter does not confirm a lasting trend, these companies' significant profits amid intense competition are encouraging for the cement sector. Analysts attribute this positive outlook to the recovery of the real estate market and robust public investment.
According to the Ministry of Construction, cement and clinker consumption reached approximately 54.5 million tonnes, marking a 14% increase year-on-year.