VICEM HOANG MAI CEMENT JOINT STOCK COMPANY

VICEM HOANG MAI CEMENT JOINT STOCK COMPANY has been part of Vietnam’s cement manufacturing landscape for more than 17 years, and during that time VICEM HOANG MAI CEMENT JOINT STOCK COMPANY has contributed to national industrialization through clinker production and limestone exploitation. Today, VICEM HOANG MAI CEMENT JOINT STOCK COMPANY operates from Nghe An Province with nearly 850 employees, supplyin

Leadership at the Heart of a State-Linked Cement Producer

The company is led by Chairman Dinh Q. D., with Nguyen Q. V. serving as General Director and Le T. K. as Deputy General Director. This leadership team oversees a public company under the ownership of Vietnam National Cement Corporation, which holds more than 71 percent of shares. This ownership structure means the company operates at the intersection of public policy, construction demand and national infrastructure priorities. While this provides stability and resource access, it also adds pressure to maintain performance in an industry where margins heavily depend on energy, mining efficiency and logistics management.

Position in Vietnam’s Cement and Raw Material Supply Chain

The company’s core activities include cement manufacturing and the extraction of limestone and clay, two essential raw materials for clinker production. The location in Hoang Mai Town positions the business close to quarrying sites, reducing transportation costs but exposing the company to mining regulations, environmental compliance and operational complexity. The registered business activities extend widely, covering hazardous and non hazardous waste treatment, supporting mining activities, construction and freight transport. This broad licensing footprint reflects the integrated nature of Vietnam’s cement industry where mining, production and logistics often exist under one operational umbrella.

Revenue Scale in a Volatile Construction Market

The company recorded revenue of $71.41 million. Although historically a strong mid tier manufacturer within the VICEM ecosystem, revenue declined nearly 16 percent as construction demand weakened and competition intensified. Profit turned negative, falling to more than $1.2 million in losses, signaling significant cost pressure. Assets and equity also contracted, underscoring the financial strain of operating in an industry with high fixed costs, volatile energy prices and rising environmental compliance requirements. This financial pattern is common among cement manufacturers during downturns where even small shifts in consumption or coal prices can dramatically affect profitability.

Operational Challenges of a Quarry-Integrated Cement Factory

Operating a cement plant requires mastery of mining activities, kiln operation, energy efficiency and strict safety compliance. With working capital of only $6.59 million and assets of roughly $59.79 million, the company’s financial buffer is thin relative to the capital intensity of the industry. Negative profit in 2023 shows that the business is under operational stress, potentially due to high clinker inventory, lower market demand or rising fuel and electricity costs. For Vietnam’s cement sector, oversupply has become a long standing issue, placing pressure on manufacturers to optimize productivity while maintaining stable cash flow. VICEM HOANG MAI CEMENT JOINT STOCK COMPANY reflects this national challenge clearly.

Why This Company Is Important to Vietnam’s Construction Economy

Despite financial pressure, the company remains an important contributor to Vietnam’s cement supply chain. Cement is the backbone of national infrastructure, and domestic manufacturers must balance environmental obligations, cost efficiency and production stability. VICEM HOANG MAI CEMENT JOINT STOCK COMPANY illustrates the transformation underway in Vietnam’s cement industry where long established plants must upgrade technology, improve kiln efficiency and strengthen financial health to compete in a saturated market. The company’s large workforce, quarrying operations and integration into the VICEM system give it strategic importance even as its financial indicators signal the need for decisive operational adjustments.

VNBIS Insight for Buyers, Investors and Risk Managers

VNBIS provides a comprehensive assessment of VICEM HOANG MAI CEMENT JOINT STOCK COMPANY, covering ownership verification, solvency risk, operational capacity and long term sustainability. The VNBIS Company Comprehensive Report delivers deeper insight into cost structure, credit signals and performance stability. For investors, lenders and procurement teams seeking clarity before entering partnerships, GET THE FULL AND CUSTOMIZED REPORT AT www.vnbis.com