What Bim Son Cement does

Công ty Cổ Phần Xi Măng Bỉm Sơn (VICEM Bỉm Sơn, HNX: BCC) is a Vietnamese cement manufacturer founded on March 4, 1980 in Bim Sơn, Thanh Hóa Province, operating as a strategic subsidiary of state-owned VICEM (Vietnam Cement Industry Corporation). The company produces four core product lines: bagged cement (Xi măng bao, including PCB40, PCB30, 'New Elephant' sub-brands, and C91 Type M masonry cement), bulk cement (Xi măng rời) delivered by specialized tank trucks for industrial and infrastructure projects, export cement (Xi măng xuất khẩu) certified to US ASTM, European EN, Philippine PNS, and Chinese GB standards, and Portland Clinker as an intermediate product meeting TCVN 7024:2013. Production runs on a dry-process rotary kiln equipped with modern Japanese technology, with ISO 9001:2015 quality management certification across the manufacturing process.

The company monetizes through one-time sales to three principal customer segments: a domestic dealer/distributor network selling bagged and bulk cement to construction and industrial buyers; direct sales to large-scale infrastructure projects (hydroelectric dams, bridges, highways, industrial zones); and direct export of cement and clinker to China (~250,000 tonnes/year), the Philippines (~700,000 tonnes/year), South America (~200,000 tonnes/year) and Central America (~150,000 tonnes/year), totaling roughly 1.3 million tonnes of annual export volume. Total 2025 sales exceeded 4 million tonnes, generating approximately 3,700 billion VND in revenue and over 48 billion VND in pre-tax profit, with gross fixed assets of 7,925 billion VND as of Q2 2025 and outstanding loans of 732 billion VND.

Operationally, VICEM Bỉm Sơn has supplied nearly 100 million tonnes of cement over its 43-year history, contributed over 3,400 billion VND to the state budget, and generated approximately 2,700 billion VND in cumulative profit, with its 'Con voi' (elephant) brand recognized across the Vietnamese construction sector. Recent strategic activity includes a new General Director appointment in May 2026, a waste-heat power generation project groundbreaking in April 2025 to recover exhaust heat from clinker production, expanded specialty cement SKUs (sulfate-resistant Type II, masonry C91 Type M, Portland PC), and a turnaround in 2025 profitability driven by tighter production cost control.

Name

Bim Son Cement

Legal name

Công ty Cổ Phần Xi Măng Bỉm Sơn

Website

https://ximangbimson.com.vn

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

VICEM Bỉm Sơn (HNX: BCC) is a Vietnamese cement manufacturer founded in 1980 under state-owned VICEM, producing bagged and bulk cement, clinker, and export cement on Japanese dry-kiln technology. It serves domestic construction, large infrastructure, and export markets under the 'Con voi' brand.

Ownership category

akta.pro rank

Product category

Cement Manufacturing

NAICS

Cement Manufacturing (32731), Cement Manufacturing (327310)

SIC

Cement, Hydraulic (3241), Concrete, Gypsum & Plaster Products (3270)

akta.pro primary industry

Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)

akta.pro secondary industries

Concrete, Cement & Aggregates Retail (Bagged Mix, Sand, Gravel) (CRAIAEAG), Cement & Clinker Bulk Transport (TLADAKAH)

Keywords

• Portland cement manufacturing
• Clinker production
• Bulk cement supply
• Construction materials export
• Cement products Vietnam

Headquarters

HQ city

Thanh Hóa

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Domestic Cement Sales: Sale of bagged cement (Xi măng bao) and bulk cement (Xi măng rời) to domestic construction, infrastructure, and industrial customers through dealer network
2. Export Cement and Clinker: Export of cement products and clinker to international markets including China (~250,000 tonnes/year), Philippines (~700,000 tonnes/year), South American countries (~200,000 tonnes/year), Central American countries (~150,000 tonnes/year)
3. Clinker Sales: Production and sale of Portland Clinker for use in cement manufacturing, meeting TCVN 7024:2013 standards

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Bim Son Cement manufactures and sells Portland cement products across four core lines: bagged cement (PCB40, PCB30, New Elephant sub-brand, masonry C91 Type M), bulk cement for industrial sites, export cement meeting multiple international standards (ASTM, EN, GB, PNS), and Portland clinker as an intermediate product. The company operates dry-process rotary kiln production with Japanese equipment and ISO 9001:2015 quality management, supplying domestic construction, infrastructure, and industrial customers as well as export markets totaling approximately 1.3 million tonnes per year.

Product overview

Công ty Cổ Phần Xi Măng Bỉm Sơn (VICEM Bỉm Sơn) operates as a cement manufacturing company under the Vietnam National Cement Corporation (VICEM). The company's product portfolio comprises four core product lines: (1) Xi măng bao (bagged cement) including PCB40, PCB30, New elephant sub-brand, and masonry cement C91 Type M; (2) Xi măng rời (bulk/loose cement) for industrial use; (3) Xi măng xuất khẩu (export cement) following US ASTM, European BS-EN, Philippines PNS, and China GB standards with annual exports of approximately 1.3 million tons; and (4) Clinker Portland as an intermediate product for cement manufacturing. The company utilizes dry kiln technology and maintains ISO 9001:2015 quality management certification, producing cement used in major Vietnamese infrastructure projects including hydropower dams, bridges, highways, and industrial zones.

Differentiator

Problem solved

Functional benefit

Brands

• Xi măng New elephant PCB30: Brand used in Northern and Central Vietnam markets, PCB30 grade cement meeting TCVN 6260: 2020 standard
• Xi măng New elephant PCB40
• Con voi

Products and services

• Xi măng bao (Bagged Cement)
• Xi măng rời (Bulk Cement)
• Xi măng xuất khẩu (Export Cement)
• Clinker Portland
• Xi măng Portland bền Sulphat Type II Sulfate-resistant Portland cement Type II designed for marine structures, underground constructions, sea dikes, and acidic environments. Manufactured to ASTM C150 Type II standard.
• Xi măng Portland (PC) Portland cement PC for special constructions including hydropower projects, high-strength concrete components, and centrifugal piles, meeting TCVN 2682:2020 standards.
• Xi măng xây trát C91 – Type M Masonry cement C91 Type M formulated for plastering and finishing civil and industrial constructions, meeting ASTM C91 – Type M standards.
• Xi măng New elephant PCB40 Consumer-oriented Portland cement PCB40 with fast setting time and early strength development, distributed under the "Con voi"/New Elephant sub-brand in Northern and Central Vietnam, meeting TCVN 6260:2020 standard.
• Xi măng New elephant PCB30 Consumer-oriented Portland cement PCB30 with high solubility and plasticity, low dissolved Chromium (VI) content below 10ppm for environmental safety, meeting TCVN 6260:2020 standard.

Quantifiable outcome

• 43+ years of continuous operation with nearly 100 million tonnes of cement supplied
• +2 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Heidelberg Materials: Global cement heavyweight with Asian and emerging-market exposure. Comparable in technology standards, sustainability roadmap, and multi-standard (EN/ASTM) product certifications.
• Cemex: Global cement major with strong Latin American and emerging-market presence. Comparable in international standards compliance, multi-jurisdiction export capabilities, and large-infrastructure references.
• SCG (Siam Cement Group): Thai-based building-materials conglomerate with significant Vietnamese cement operations. Comparable in technology, brand-building, and export reach, though much larger and more diversified.
• Holcim Vietnam: Vietnamese arm of the global Holcim/LafargeHolcim group, producing cement and concrete. Comparable in scale and product standards, but offers a broader construction-materials portfolio and international backing.

Regional players

• Indocement Tunggal Prakarsa: One of Indonesia's largest cement producers, partially owned by Heidelberg Materials. Comparable in scale, dry-process technology, and product mix, though serving primarily the Indonesian market.
• Semen Indonesia (SIG): Indonesia's state-owned cement major with multi-brand portfolio and export footprint. Comparable in SOE governance, domestic scale, and product-line breadth, primarily serving Indonesia.

Direct peers

• Nghi Sơn Cement Corporation: Major Vietnamese cement manufacturer operating modern dry-process kilns. Competes directly with Bim Son on quality grades, infrastructure-project supply, and export channel access.
• Vicem Hà Tiên 1: VICEM-affiliated cement producer with strong Southern Vietnam distribution. Comparable product portfolio (PCB40, PCB30, specialty cement) and similar reliance on dealer networks and infrastructure projects.
• Vicem Bút Sơn: Another VICEM subsidiary producing Portland and blended cement using Japanese technology. Highly comparable in production technology, product-line breadth, and SOE governance.
• Vicem Hoàng Thạch Cement: Fellow VICEM subsidiary and one of the largest Vietnamese cement manufacturers. Directly comparable in product mix (Portland and blended cement), domestic channel structure, and state-owned governance model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bim Son Cement