Ha Tien 1 Cement

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.

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

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

• Cement manufacturing
• Portland cement products
• Clinker production
• Construction building materials
• Ready-mix concrete materials

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices7 records

Markets served

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

1. 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.
2. 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.
3. Export Cement Sales: International sales of cement products meeting international standards (ASTM C150 TYPE I, PC40, PC50) to foreign markets.
4. 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%.
5. 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

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• VICEM (Vietnam Cement Corporation)coreStrategic or Co-development PartnerParent 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

Broad 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

• YouTubeyoutube.com/@vicem.hatien
• Facebookfacebook.com/XimangVicemHaTien
• TikToktiktok.com/@ximangvicemhatien
• LinkedInlinkedin.com/company/vicem-ha-tien-joint-stock-company

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 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 Ha Tien 1 Cement