Cement Corporation sets revenue target

Update: January, 08/2019 - 11:18
Việt Nam Cement Industry Corporation is targeting more than VNĐ3.2 trillion in revenue this year. — VNA/VNS Photo Viết Ý
Viet Nam News

HÀ NỘI — Việt Nam Cement Industry Corporation (VICEM) targets a net revenue of VNĐ40 trillion (US$1.72 billion) this year, a level that would mark a year-on-year increase of 10 per cent.

The pre-tax profit is expected to be more than VNĐ3.2 trillion, said General Director of VICEM Bùi Hồng Minh at a conference held in Hà Nội on Monday to review the firm’s 2018 results and set plans for 2019.

To achieve the goal, Minh said the corporation would produce and consume 31 million tonnes of coal. It would further invest in technology to raise its production capacity and set up programmes to save natural resources.

In terms of consumption, VICEM will apply Industry 4.0 technology in sale management, distribution and e-invoices.

Minh said the corporation had completed its 2018 tasks assigned by the State and the Ministry of Construction as it had maintained high-yield production to reduce production prices.

Last year, VICEM earned VNĐ37 trillion in revenue, 10 per cent higher than that in 2017. It made more than VNĐ2.8 trillion in pre-tax profit, up 11 per cent. — VNS