According to the report analysis, ‘Vietnam Building Materials Comprehensive Report
Q1/2020’ states that in the Vietnam Building market there
are several companies which presently operating more effectively for leading
the fastest market growth and registering the handsome value of market share
around the region during the forecast duration while delivering the better
consumer satisfaction, decreasing the linked cost, spreading the awareness
related to the building materials, implementing the profitable strategies,
studying and analyzing the competitor’s strategies, employing the young
workforce and developing the applications and specifications of the production
technologies includes MIKADO TECHNOLOGY AND TRADING JOINT-STOCK COMPANY, Prime
VinhPhuc Joint Stock Company, Prime Tien Phong Joint Stock Company, Hoan My
Co., Ltd, Prime Dai Viet Joint Stock Company, VITTO VinhPhuc Co., Ltd, Gom Su
Taicera Industry Joint Stock Company, V.T.C INTERNATION CERAMICS JOINT STOCK
COMPANY, PRIME DAI LOC JOINT STOCK COMPANY, Viglacera Ha Long joint stock
company and several others.
During the present era, Vietnam's brick, tile and flooring stone
industry registers for a moderately low section in the structure of
construction materials industry and is moderately regional in nature. During Q1
/ 2019, the clay and kaolin exploitation capacity augmented by 51% compared to
the same duration of 2018; the condition of illegal clay exploitation took
place very convoluted in several localities throughout the region such as Kon
Tum, Ha Tinh, TraVinh.
The natural stone exploitation capacity in Q1/2019 is predicted to
deduct by 35.1% compared to the same duration of 2018 owing to the situation
that quarries with great exploitation output are perished and the Government is
recently tightening fresh stone mining licenses from now until 2020.
Throughout Q1 / 2019, the baked clay bricks establishment registered
for 70% of the entire brick capacity nationwide in 2018, deducted by 2%
compared to 2017 owing to the trend of shifting to utilizing the unburnt
bricks, leading to the great inventory of burnt clay bricks, businesses with measured
consumption should gradually decrease the production.
The import turnover of bricks and tiles in Q1/2019 deducted
by 15.3% compared to 2018 owing to the low domestic requirement but the moderately
abundant supply. The tile exports in Q1/2019 were predicted to rise 10.4% over
the same duration in 2018. The US-China trade war is an occasion for Vietnam to
boom export of ceramic tiles to the US market.
Not only has this, the export turnover of paving stones in Q1/2019
was predicted to deduct by 33% compared to the same duration in 2018, but
Vietnam's export turnover was still very low associated to production volume
due to the lower domestic stone production quality. The import turnover of
paving stones deducted slightly by 3.4% compared to 2018.
Whereas, the large and organized players in the Vietnam Building
Material market are effectively and actively acquiring the small and unorganized
players or enterprises and implementing the policies and strategies of joint
ventures, mergers and acquisitions, partnership, amalgamation, collaborations,
new product development and several others for ruling across the globe,
obtaining the competitive edge and generating the effective percentage of
revenue. Therefore, in the coming years, it is predicted that the market of
building material will increase around the region more significantly over the near
duration.
For More Information, refer to
below link:-
Related
Report:-
Global
Building Materials Market 2020 by Manufacturers, Regions, Type and Application,
Forecast to 2025
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
