Viet Nam Cement Association President Nguyen Van Thien forecasted that the domestic cement market was likely to remain calm thanks to the corporation's gesture, despite recent price hikes by two rival joint-venture producers, Holcim and Nghi Son.
The two joint ventures raised their prices by between VND5,000 and VND20,000 (US$1.25) per tonne early this year.
The corporation has yet to conclude its negotiations with the country's coal producers about prices, Thien
added.Therefore, the price of this important raw material for cement production would not increase in the short run.
"If the coal price remains unchanged, so will the price of cement," Thien
But the association has not ruled out the possibility of a price hike in the future, said Thien
, adding, "Cement
is not subject to Government price control.