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News Production continues to soar in February 2018 in Vietnam

Production continues to soar in February 2018 in Vietnam

Written by Global Cement staff 13 March 2018
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Vietnam: 7.62Mt of cement was sold in Vietnam in February 2018, a year-on-year rise of 38%, according to the Vietnam Building Material Association. Of the sum, 5.02Mt were sold domestically, an 11% rise from a year earlier. This included 1.96Mt sold by Vietnam Cement Industry Corporation (VICEM). 2.60Mt of cement were exported, a 30% rise year-on-year.

In January and February 2018, Vietnam sold 18.6Mt of cement, 85% more than in the first two months of 2017. It exported 5.5Mt in the same period, a 121% rise year-on-year. In just two months, the country has produced 22.9% of its whole year target as local demand continues to be outpaced by supply. The country faces a glut of 25 - 36Mt/yr of cement by 2020 if current production and consumption trends continue unabated.

Published in Global Cement News
Tagged under
  • Vietnam
  • Vietnam Building Material Association
  • Vietnam Cement Industry Corporation
  • Sales
  • data

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