Ha Tien 1 Cement
Ha Tien 1 Cement (VICEM Hà Tiên, ticker HT1) is a Vietnamese state-owned cement manufacturer founded in 1964, producing 6 million tons of cement annually for infrastructure projects, industrial buyers, and 8,000+ retail stores across Southern Vietnam.
- Company typePrivate
- Founded1964
- HeadquartersHo Chi Minh City, Vietnam
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Ha Tien 1 Cement does
Ha Tien 1 Cement Joint Stock Company (VICEM Hà Tiên), trading on the Ho Chi Minh Stock Exchange under ticker HT1, is Vietnam's oldest Southern cement manufacturer, founded in 1964 and operating today as a state-owned enterprise under Vietnam Cement Corporation (VICEM). The company manufactures Portland-blend and specialty cements (PCB40, PCB50, sulfate-resistant, low-heat, and "green" variants), clinker, and standard sand, supported by integrated annual capacity of 3 million tons of clinker and 6 million tons of cement across five production sites: Kiên Lương, Bình Phước, Phú Hữu grinding station, Cam Ranh, and Long An. Its production lines run predominantly on European equipment from Polysius, ABB, Loesche, and Haver Boecker, with a co-processing waste substitution rate of approximately 35% and Industry 4.0 emissions monitoring.
The company sells through a hybrid go-to-market model anchored by 100+ distributors, 8,000+ building material retail stores, and 7 regional branches, supplemented by a mobile ordering app and an export channel. Approximately 60% of volume flows through major wholesale contract customers and 25% through HCMC retail, with anchor infrastructure wins including the Long Thành International Airport (500K tons), Tân Sơn Nhất T3 terminal (80K tons), and the Cần Thơ-Hậu Giang-Cà Mau Expressway (50K tons). A 2024 diversification into a BOT road project (Phú Hữu) extends the model into infrastructure operations.
Ha Tien 1 maintains ISO-certified quality, environmental, and safety management systems and employs 2,200+ staff. In December 2025, the company completed a corporate brand refresh, including a new logo and packaging design, with a full product relaunch scheduled for January 2026 across both retail and contract channels. Reported financials indicate revenue and EBITDA peaking in 2021-2022 and stabilizing through 2025, with net income recovering sharply in the most recent year against a backdrop of Vietnamese cement industry overcapacity.
Ha Tien 1 Cement firmographics
Firmographics- Name
- Ha Tien 1 Cement
- Legal name
- Công ty Cổ phần Xi măng VICEM Hà Tiên
- Website
- https://vicemhatien.com.vn
- Company type
- Private
- Founded year
- 1964
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Ha Tien 1 Cement (VICEM Hà Tiên, ticker HT1) is a Vietnamese state-owned cement manufacturer founded in 1964, producing 6 million tons of cement annually for infrastructure projects, industrial buyers, and 8,000+ retail stores across Southern Vietnam.
- Ownership category
- akta.pro rank
Ha Tien 1 Cement industry classification
Industry- Product category
- Cement Manufacturing
- NAICS
- Cement Manufacturing (327310), Cement and Concrete Product Manufacturing (3273)
- SIC
- Cement, Hydraulic (3241)
- akta.pro primary industry
- Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)
Keywords
Where Ha Tien 1 Cement is headquartered
LocationHeadquarters
- HQ city
- Ho Chi Minh City
- HQ country
- Vietnam
- HQ region
- Asia
Offices7 records
Markets served
Ha Tien 1 Cement business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Bagged Cement Sales: Sale of packaged cement products under multiple brands including PCB40, PCB50, specialty cements for marine/sulfate environments, and construction applications. Distributed through retail network of 8,000+ building material stores.
- Bulk/Loose Cement Sales: Sale of unpackaged cement to industrial customers including concrete mixing plants, pre-stressed concrete manufacturers, and precast concrete producers. Major customers include commercial concrete plants, prestressed concrete makers, and pile manufacturing companies.
- Export Cement Sales: International sales of cement products meeting international standards (ASTM C150 TYPE I, PC40, PC50) to foreign markets.
- Standard Sand Sales: Production and sale of standard sand (cát tiêu chuẩn) for cement quality testing, meeting TCVN 6227:1996 standards with natural silicon content up to 98%.
- BOT Road Management: Operation of the BOT Phú Hữu toll road (2.6 km connecting Nguyen Duy Trinh road to Phú Hữu Industrial Zone), collecting tolls since September 17, 2024. Road investment approximately 461 billion VND.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Industrial/Bulk Cement (PCB40, PC40, specialty cements) |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels8 records
Ha Tien 1 Cement product offering
Product offeringCore offering
VICEM Hà Tiên manufactures and sells cement products (PCB40, PCB50, multi-purpose, sulfate-resistant, low-heat, and green cement), clinker, and standard sand for the construction industry. The company operates factories and grinding stations across Vietnam, distributing through 100+ regional distributors and 8,000+ building material stores to serve both large infrastructure projects and retail consumers. It also operates a BOT toll road as an adjacent business.
Product overview
VICEM Hà Tiên operates as a cement manufacturing company producing a comprehensive portfolio of cement products under the 'Kỳ Lân Xanh' (Green Unicorn) brand. The product line includes bagged cement (Xi măng bao) for retail consumers, bulk cement (Xi măng rời) for industrial/commercial buyers, and export cement (Xi măng xuất khẩu) for international markets. Key products include the multi-purpose VICEM Hà Tiên Đa Dụng, standard PCB40 and premium PCB50 grades, sulfate-resistant variants (Bền Sun Phát), green cement with supplementary materials, and specialized products like low-heat cement for mass concrete. The company also produces standard testing sand (Cát tiêu chuẩn) and premium sub-brands Xi măng Hà Tiên 1 and 2. Products serve construction projects ranging from residential buildings to major infrastructure including airports, highways, and bridges.
Differentiator
Problem solved
Functional benefit
Brands
- Kỳ Lân Xanh (Green Unicorn): Thương hiệu xi măng biểu tượng của VICEM Hà Tiên với hơn 60 năm lịch sử, nổi tiếng trong ngành xi măng Việt Nam
Products and services
- VICEM Hà Tiên Đa Dụng (Multi-Purpose Cement)
Quantifiable outcome
- 15-20% lower production cost for Bình Phước factory compared to imported clinker
- +3 more outcomes
Companies that use Ha Tien 1 Cement
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Ha Tien 1 Cement technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Ha Tien 1 Cement partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- VICEM (Vietnam Cement Corporation)coreParent company and strategic partner - VICEM is the state-owned Vietnam Cement Corporation under which VICEM Hà Tiên operates as a joint stock company. The relationship provides strategic direction, corporate governance framework, and integration with national cement industry policy.
Scale indicators14 records
Recent moves11 records
Expansion highlights5 records
Ha Tien 1 Cement competitors and assessment
Company assessmentBroad incumbents
- Holcim Ltd: Global cement major and former parent of INSEE Vietnam. Comparable in core cement manufacturing technology, scale, and sustainability positioning; relevant for benchmarking against the global cement majors even though its Vietnam footprint is divested.
- SCG (Siam Cement Group): Thai cement and building-materials conglomerate with significant operations across ASEAN including Vietnam. Competes in cement and concrete products via subsidiaries; broader portfolio (chemicals, packaging) but directly comparable cement business in the same region.
- Tổng công ty VICEM (Vietnam Cement Corporation): State-owned parent corporation overseeing all VICEM-branded cement operations including Hà Tiên, Bỉm Sơn, Hoàng Thạch, Bút Sơn, Tam Điệp. Operates broadly across cement manufacturing, clinker, and concrete products nationwide, providing scale, procurement, and policy influence.
Regional players
- Semen Indonesia (SIG): Indonesia's largest state-owned cement group with multi-million-ton capacity. Comparable scale, public-listed status, and state ownership structure to VICEM Hà Tiên; operates across domestic infrastructure and exports.
- Indocement Tunggal Prakarsa: One of Indonesia's largest cement producers, part of the Heidelberg Materials group. Comparable in integrated clinker/cement operations, Southeast Asian geography, and government-linked ownership dynamics; relevant regional benchmark.
Direct peers
- Tập đoàn Xi măng Đồng Lâm (Dong Lam Cement): Private Vietnamese cement group with multiple plants producing bagged and bulk cement. Direct competitor for retail and industrial buyers, particularly in Central and Southern Vietnam; represents the privately-owned alternative to state-owned VICEM producers.
- Xi măng Bỉm Sơn (VICEM Bim Son): Sibling cement manufacturer under VICEM (state-owned parent). Operates clinker and cement production with comparable TCVN-grade product portfolio; competes in national cement market and represents the same business model and ownership structure as VICEM Hà Tiên.
- Tổng Công ty CP Xi măng Sông Thao: Vietnamese cement producer focused on Northern markets, producing Portland and blended cements. Competes for similar infrastructure and construction customers; useful comparator for product mix and pricing in a different geographic region.
- Xi măng Hoàng Thạch (VICEM Hoang Thach): Another VICEM member operating integrated cement plants producing Portland and specialty cements. Closely comparable in product range, customer segments (infrastructure + retail), and state-owned corporate governance model.
- INSEE Vietnam: Formerly Holcim Vietnam, one of the largest cement manufacturers in Vietnam with nationwide operations and similar product portfolio (Portland, specialty, ready-mix concrete). Directly competes with VICEM Hà Tiên for both infrastructure tenders and bagged-cement retail in Southern Vietnam.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ha Tien 1 Cement social profiles
Digital presenceHa Tien 1 Cement compliance and trust
Trust signalCompliance4 records
Ha Tien 1 Cement financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ha Tien 1 Cement leadership team
Management profileNumber of profiles
Profiles14 records
Ha Tien 1 Cement subsidiaries and ownership
Company hierarchySubsidiaries2 records
Ha Tien 1 Cement funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ha Tien 1 Cement M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ha Tien 1 Cement
What does Ha Tien 1 Cement do?
VICEM Hà Tiên manufactures and sells cement products (PCB40, PCB50, multi-purpose, sulfate-resistant, low-heat, and green cement), clinker, and standard sand for the construction industry. The company operates factories and grinding stations across Vietnam, distributing through 100+ regional distributors and 8,000+ building material stores to serve both large infrastructure projects and retail consumers. It also operates a BOT toll road as an adjacent business.
Is Ha Tien 1 Cement a public or private company?
Ha Tien 1 Cement is a private company. It is classified as public and is currently operating.
When was Ha Tien 1 Cement founded?
Ha Tien 1 Cement was founded in 1964. It employs 1,001 to 5,000 people.
Where is Ha Tien 1 Cement based?
Ha Tien 1 Cement is headquartered in Ho Chi Minh City, Vietnam, in the Asia region.
How does Ha Tien 1 Cement make money?
Five revenue lines are on record. Bagged Cement Sales are the primary driver. The others are bulk/Loose Cement Sales, export Cement Sales, standard Sand Sales and BOT Road Management.
Who are Ha Tien 1 Cement's main competitors?
Broad incumbents on record are Holcim Ltd, SCG (Siam Cement Group) and Tổng công ty VICEM (Vietnam Cement Corporation). Regional players are Semen Indonesia (SIG) and Indocement Tunggal Prakarsa. Direct peers are Tập đoàn Xi măng Đồng Lâm (Dong Lam Cement), Xi măng Bỉm Sơn (VICEM Bim Son), Tổng Công ty CP Xi măng Sông Thao, Xi măng Hoàng Thạch (VICEM Hoang Thach) and INSEE Vietnam.
Does Ha Tien 1 Cement have an API?
No public API is recorded for Ha Tien 1 Cement.
What industry is Ha Tien 1 Cement in?
Ha Tien 1 Cement's product category is Cement Manufacturing. Its primary akta.pro industry code is IMADAAAG, Cement Manufacturing (Portland, Blended & Specialty). Its NAICS code is 327310 and its SIC code is 3241.