The prospects of cement enterprises in the second half of the year will continue to improve, especially during the construction season at the end of the year, according to Chairman of the Vietnam Cement Association (VNCA) Nguyen Quang Cung.
Cement exports in the first seven months of the year registered impressive growth, with 17.65 million tonnes sold for US$656.3 million, year-on-year increases of 63.2% in volume and 73.4% in value.
Vietnam has seen outbound cement sales rocketing by 50% year-on-year over the first six months of 2018 to 15.42 million tons, fulfilling 85.6% of the export target in 2018, the Government news site chinhphu.vn reported.
VOV.VN - Exports of cement and clinker increased 29% to nearly 10 million tons valued at US$300 million during the first four months of the year, according to the Construction Material Department under the Ministry of Construction.
Vietnam’s cement industry saw strong growth in cement exports in the first quarter of this year as many Chinese cement factories shut down due to pollution and power shortages.
Domestic cement consumption fell in March, while cement exports had growth against the same period last year, according to the Ministry of Construction.
VOV.VN - Cement exports resumed upward trend during the first five months of this year after witnessing declines last year, according to the General Department of Vietnam Customs.
VOV.VN - Cement and clinker exports fell 7% in volume to 14.73 million metric tons and 16% in value to US$561 million for 2016 when compared to 2015, according to Vietnam Customs.
VOV.VN - Local and export sales of cement and clinker hit 38.77 million metric tons during the first half of this year, up 12.4% against last year’s same period, meeting 51.01% of this year’s plan, according to latest statistics from the Ministry of Construction.
Vietnamese cement producers have struggled to boost exports because of increasing competition from Asian rivals, which are also faced with oversupply just like Vietnam.