Domestic cement consumption hasimproved even as Vietnamese cement exports have been faced withcompetitive pressure from neighbouring countries.
Statistics fromthe construction ministry showed that in the first half of the year,the country's cement consumption was estimated at 34.16 million tonnes,posting a 6 percent year-on-year rise and meeting 47 percent of thewhole year's target. Of this, domestic consumption was 5 percent higherthan the same period last year, reaching 25.97 million tonnes. Vietnamshipped 8.19 million tonnes of cement to foreign markets, representing 8percent year-on-year increase.
Last month alone, cementconsumption was estimated at 5.68 million tonnes, or 12 percent higherthan the corresponding period last year, including 4.63 million tonnesin local market and 1.05 million tonnes for exports.
The ministrysaid the exports of cement and clinker in H1 decreased in comparisonwith the previous years due to difficult conditions in some importmarkets, especially Bangladesh. However, domestic consumption has beenon an increasing trend.
Nguyen Quang Cung, Chairman of theVietnam Cement Association, observed that there was no concern about thecement consumption in the 2015-16 period thanks to a rising domesticdemand.
This year alone, domestic cement consumption was estimated to increase to 5 million tonnes, Cung said.
Cungsaid cement consumption in the domestic market has risen thanks toimprovement in the real estate market, while rural infrastructures havebeen actively developed.
The ministry calculated that cementconsumption this year will reach 72-74 million tonnes, increasing 1.5-2percent over last year. Of this, local consumption will be 53-54 milliontonnes, while 19-20 tonnes will be exported.
This year, thecountry will have two new projects, including Song Lam 2, with thecapacity of 0.6 million tonnes a year, and Cong Thanh Cement, with 3.6million tonnes a year capacity. This will bring the country's totalcement production lines to 76, with 81.56 million tonnes designedcapacity.
Vietnam's cement sector has been listed as one of top 5 in the world in terms of capacity, after China, India, Iran, and the US.
Cementsupply next year is expected to meet domestic consumption demands and15-16 million tonnes for exports each year, in addition to a reserve of10-15 percent to stabilise the market, especially the southern region.
Headded there would not be any new cement project in 2016. However, anumber of major projects would be carried out during the 2017-18period.-VNA
Statistics fromthe construction ministry showed that in the first half of the year,the country's cement consumption was estimated at 34.16 million tonnes,posting a 6 percent year-on-year rise and meeting 47 percent of thewhole year's target. Of this, domestic consumption was 5 percent higherthan the same period last year, reaching 25.97 million tonnes. Vietnamshipped 8.19 million tonnes of cement to foreign markets, representing 8percent year-on-year increase.
Last month alone, cementconsumption was estimated at 5.68 million tonnes, or 12 percent higherthan the corresponding period last year, including 4.63 million tonnesin local market and 1.05 million tonnes for exports.
The ministrysaid the exports of cement and clinker in H1 decreased in comparisonwith the previous years due to difficult conditions in some importmarkets, especially Bangladesh. However, domestic consumption has beenon an increasing trend.
Nguyen Quang Cung, Chairman of theVietnam Cement Association, observed that there was no concern about thecement consumption in the 2015-16 period thanks to a rising domesticdemand.
This year alone, domestic cement consumption was estimated to increase to 5 million tonnes, Cung said.
Cungsaid cement consumption in the domestic market has risen thanks toimprovement in the real estate market, while rural infrastructures havebeen actively developed.
The ministry calculated that cementconsumption this year will reach 72-74 million tonnes, increasing 1.5-2percent over last year. Of this, local consumption will be 53-54 milliontonnes, while 19-20 tonnes will be exported.
This year, thecountry will have two new projects, including Song Lam 2, with thecapacity of 0.6 million tonnes a year, and Cong Thanh Cement, with 3.6million tonnes a year capacity. This will bring the country's totalcement production lines to 76, with 81.56 million tonnes designedcapacity.
Vietnam's cement sector has been listed as one of top 5 in the world in terms of capacity, after China, India, Iran, and the US.
Cementsupply next year is expected to meet domestic consumption demands and15-16 million tonnes for exports each year, in addition to a reserve of10-15 percent to stabilise the market, especially the southern region.
Headded there would not be any new cement project in 2016. However, anumber of major projects would be carried out during the 2017-18period.-VNA
