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News Vietnamese cement oversupply to drop to 73% in 2023

Vietnamese cement oversupply to drop to 73% in 2023

Written by Global Cement staff 27 July 2023
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Vietnam: State-owned Vietnam Cement Industry Corporation (Vicem) has projected that national full-year cement production will rise by 1.7% to 118Mt. Meanwhile, the cement market leader believes that demand will rise by 5.4% to 68.3Mt in 2023. This corresponds to an oversupply of 73%, compared to 78% in 2022.

Việt Nam News has reported that the government recorded a 7% year-on-year decline in Vietnamese cement production to 43Mt and a 10% drop in demand to 39Mt in the first half of 2023.

Last modified on 02 August 2023
Published in Global Cement News
Tagged under
  • Vietnam
  • Vietnam Cement Industry Corporation
  • VICEM
  • Production
  • volumes
  • market
  • demand
  • Consumption
  • oversupply
  • Outlook
  • Forecast
  • data
  • GCW619
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