Vietnamese ceramics have room for growth

VCN - Vietnam was the ninth largest exporter of ceramics in the world from 2016 to 2020. The Ministry of Industry and Trade said Vietnam’s ceramic industry still has a lot of room for growth.
Agro-forestry-aquatic product exports rake in 38.75 billion USD Agro-forestry-aquatic product exports rake in 38.75 billion USD
Import and export in the Import and export in the "new normal": Removing bottlenecks
Actively clearing the way for exporting agricultural products Actively clearing the way for exporting agricultural products
Illustration. Source: Internet
Illustration. Source: Internet

According to the Industry and Trade Information Center under the Ministry of Industry and Trade, Vietnam was the ninth largest exporter of ceramics in the world from 2016 to 2020, with an average growth rate of 8.2% per year. The exports of ceramics of Vietnam accounted for 0.9% of the global export value in 2020.

Notably, Vietnam's exports of ceramics still rose 9.9% year-on-year to US$375.5 million despite the Covid-19 pandemic.

However, this export rate is much lower than main export markets and even regional competitors such as Thailand. Therefore, there is still a lot of room for Vietnam's ceramic industry to exploit.

A representative of the Industry and Trade Information Center said the export potential of ceramics is very large, because the demand for new materials in construction is surging. Ceramic materials are being widely used in construction.

In addition, sanitary wares are indispensable materials in construction. Acid and heat resistant ceramic products are widely used in the chemical industry, metallurgy and other industries.

The main advantages of ceramic materials are high durability and longevity. Raw materials can produce different products meeting demand and the production technology is relatively simple and cheap and the product price is competitive.

To promote and develop the ceramic industry, the representative of the Ministry of Industry and Trade said that it is necessary to build centers for processing and standardizing ceramic raw materials consistent with the ceramic industry. This is the driving force to stabilize production and the premise for the development of high value-added ceramic products.

In addition, it is necessary to plan concentrated ceramic production areas to preserve ceramic production centers and minimize the impact of ceramic production on the environment; and support enterprises to improve production to meet global standards.

How do businesses adjust their business plans under the impact of Covid-19? How do businesses adjust their business plans under the impact of Covid-19?

VCN - As the third quarter comes to an end, many businesses have announced the adjustment of ...

Moreover, it is necessary to take advantage of tariff preferences from signed free trade agreements to import modern machinery from developed countries in order to produce ceramic products meeting domestic and foreign demand and improve product value, raise competitiveness and expand market share in the global market.

By Thanh Nguyen/ Huyen Trang

Related News

Why director of Saigon Port Import-Export and Services JSC suspended from exit?

Why director of Saigon Port Import-Export and Services JSC suspended from exit?

VCN - Ms. Luong Tieu Tran, born in 1979, Director of Saigon Port Import-Export and Services JSC, was temporarily suspended from leaving the country from May 14, 2024.
Opportunity for growth and investment links between Vietnam and the US

Opportunity for growth and investment links between Vietnam and the US

VCN- “Before deciding to invest, the US investors are always interested in building the business and investment environment in localities”, US Ambassador to Vietnam Marc E. Knapper told the media.

Latest News

The processing and manufacturing industry increased by 6.3% in 4 months

The processing and manufacturing industry increased by 6.3% in 4 months

VCN - Continue the recovery momentum from the end of 2023, industrial production in April and the first 4 months of 2024 continues to show a positive trend. Of which, the processing and manufacturing industry increased by 6.3%.
Corporate profits enter recovery cycle

Corporate profits enter recovery cycle

VCN - The recently released Q1 2024 business results update by SSI Securities Corporation shows that corporate profits may have overcome the most challenging period and entered a phase of recovery and more stable growth.
Focusing on the "readiness" factor waiting for foreign investors in the high-tech field

Focusing on the "readiness" factor waiting for foreign investors in the high-tech field

VCN - According to a representative of the Ministry of Planning and Investment (MPI), investment by foreign corporations and businesses depends on many factors, but it is necessary to focus on factors related to Vietnam's readiness.
Exploiting the potential of Dong Nai

Exploiting the potential of Dong Nai's largest seaport

VCN - Phuoc An Port - the largest seaport in Dong Nai is expected to come into operation in July 2024, which will contribute to a significant increase in the amount of goods arriving at Dong Nai seaport. In order to meet the needs of import and export and create favorable conditions for businesses, customs management units in the area also need to change their model.

More News

Hanoi calls for investments in six urban areas projects

Hanoi calls for investments in six urban areas projects

Hanoi is calling for investment in six urban areas projects in Dong Anh district worth a total of 34 trillion VND (1.3 billion USD).
The food industry aims to green packaging

The food industry aims to green packaging

VCN - Greening food packaging is not only a trend but also a strategic transformation of businesses to meet environmental requirements. Therefore, businesses need to focus on using environmentally friendly packaging materials that are easy to recycle while ensuring product quality.
"The key" to growth motivation for enterprises

"The key" to growth motivation for enterprises

VCN - Unlocking growth motivations is an urgent requirement from the Government to help enterprises and the economy quickly recover. But unlocking the driving motivations must be accompanied by drastic reforms in institutions and the business environment to create conditions and increase confidence for enterprises to step forward.
Exports of four localities achieve tens of billions of USD

Exports of four localities achieve tens of billions of USD

VCN - By the end of April, there are four localities and cities reaching an export turnover of US$10 billion or more, according to the statistics of General Department of Vietnam Customs.
Rapid greening of the logistics sector to avoid being "eliminated"

Rapid greening of the logistics sector to avoid being "eliminated"

VCN - In the current context, if criteria for greening the logistics sector are not quickly and immediately implemented, businesses will face significant difficulties in the future and gradually be "eliminated" from domestic and global business, trade, and import-export activities.
25 out of 28 northern localities report positive industrial production

25 out of 28 northern localities report positive industrial production

As many as 25 out of 28 northern localities reported positive annual growth in industrial production in the first four months of 2024, heard the 10th meeting of industry and trade sectors from 28 northern cities and provinces in Hanoi on May 17.
Dong Nai remains magnet for foreign investors

Dong Nai remains magnet for foreign investors

Industrial parks in the southern province of Dong Nai continued to see a strong influx of foreign direct investment (FDI) in the first months of this year, which has surpassed the yearly target by nearly 20%.
Vietnamese steel affirms position in world market

Vietnamese steel affirms position in world market

The steel industry has affirmed its position by reaching the Top 12 in the world in terms of crude steel production. Not only is the production output growing rapidly, but Vietnamese steel products are also gradually becoming more diverse, according to the Vietnam Steel Association (VSA).
Five commodities worth billion dollar exported to China

Five commodities worth billion dollar exported to China

VCN - By the end of April, there were four commodities exported to the Chinese market with the turnover of US$1 billion or more.
Read More

Your care

Latest Most read
The processing and manufacturing industry increased by 6.3% in 4 months

The processing and manufacturing industry increased by 6.3% in 4 months

Continue the recovery momentum from the end of 2023, industrial production in April and the first 4 months of 2024 continues to show a positive trend.
Corporate profits enter recovery cycle

Corporate profits enter recovery cycle

The recently released Q1 2024 business results update by SSI Securities Corporation shows that corporate profits may have overcome the most challenging period and entered a phase of recovery
Focusing on the "readiness" factor waiting for foreign investors in the high-tech field

Focusing on the "readiness" factor waiting for foreign investors in the high-tech field

VCN - According to the Deputy Minister, investment by foreign corporations and businesses depends on many factors, including three main factors.
Exploiting the potential of Dong Nai

Exploiting the potential of Dong Nai's largest seaport

Phuoc An Port - the largest seaport in Dong Nai is expected to come into operation in July 2024, which will contribute to a significant increase in the amount of goods arriving at Dong Nai seaport.
Hanoi calls for investments in six urban areas projects

Hanoi calls for investments in six urban areas projects

Hanoi is calling for investment in six urban areas projects in Dong Anh district worth a total of 34 trillion VND (1.3 billion USD).
Mobile Version