Vietnam cement sales rise in first nine months of 2017

Vietnam: Vietnam sold 59.3Mt of cement in the first nine months of 2017, a rise of 6% compared to the same period of 2016. The country has now fulfilled 74.1% of its whole-year plan, according to the Ministry of Construction. 45.3Mt of cement was sold domestically, a 4% rise year-on-year, while 14.0Mt of cement was exported.

In September 2017, the country’s cement sales rose by 9.4% compared to August 2017 to 6.7Mt, comprising 5.2Mt of domestic sales and 1.5Mt of exports. As of September 2017, Vietnam had 3.0Mt of cement and clinker inventory, most of which is clinker.

At present, Vietnam’s cement capacity is 86Mt/yr but domestic demand is estimated at 60Mt/yr, a surplus of 26Mt/yr, according to the Vietnam National Cement Association (VCNA).

Source URL:https://www.globalcement.com/news/item/6648-vietnam-cement-sales-rise-in-first-nine-months-of-2017